Nvidia confirms $12.93BN purchase of Hugging Face

Nvidia has today confirmed its acquisition of open-source AI model repository Hugging Face for $12.93bn, as it makes a big bet on open-source AI models and continues to plough billions into the broader AI ecosystem. Nvidia CEO Jensen Huang said Nvidia would look to scale Hugging Face’s platform, strengthen its infrastructure, and offer greater access to AI for developers and institutions. In a blog post, Huang said: “Hugging Face will continue to support open source and open weight models from a