Nvidia's Hugging Face Acquisition Is a 12.9 Billion Bet on Open-Source AI

Nvidia's Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI The long-rumored deal will give the chip giant access to--and help it promote--a huge repository of open-source AI models and data sets. Nvidia has agreed to acquire Hugging Face, which makes online developer tools and maintains a massive library of open-source data sets, for nearly $13 billion. While the deal had been rumored for weeks, the companies made it official Thursday morning. The deal signals Nvidia's seriousness about being steeped in the software side of generative AI development as well as in infrastructure. Nvidia already offers customers a suite of free, customizable open-weights AI models, known as Nemotron.