Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion, according to a source cited by The Information. Deal talks began after Hugging Face received acquisition interest from another potential bidder and worked with a bank to evaluate offers. This acquisition would place one of the most widely used platforms for sharing open-source AI models under Nvidia’s control, expanding the chipmaker’s reach into the software and model ecosystem. Nvidia shares rose 4% in after-hours trading following the release of stronger-than-expected quarterly earnings. Hugging Face CEO Clément Delangue said AI cybersecurity would become a huge market.
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