Nvidia is buying Hugging Face for almost $13 billion

Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world's biggest AI chipmaker. Hugging Face is an online platform founded in 2016 that gives AI developers a space to share their projects and data with other users and the general public. It's often described as the "GitHub" for AI due to its browsable library of open-source machine learning models

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Nvidia has agreed to purchase Hugging Face, an online platform where AI developers share and collaborate on open-source machine learning models and datasets, for $12.93 billion. Hugging Face is often compared to GitHub because of its library of open-source AI models and community collaboration features. Nvidia's CEO stated that Hugging Face will remain an open platform where developers can choose their preferred models, frameworks, and computing platforms, and that Nvidia compute will not be required to use it. This acquisition gives Nvidia, the world's biggest AI chipmaker, a strategic position in the open-source AI space as other major AI providers like OpenAI and Google attempt to develop their own AI chips.