The chipmaker's latest deal shows it is spending big on strategic positioning.

Nvidia will buy popular developer platform Hugging Face for US$12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers…

Nvidia agrees to acquire Hugging Face for nearly $13 billion, combining its AI infrastructure with the leading open-model developer platform.

Nvidia will buy Hugging Face for $12.93 billion, seeking to strengthen its open AI presence as customers develop their own chips.