Nvidia has confirmed the acquisition of Hugging Face for $12.9 billion, a price tag needed to fend off other potential bidders. The New York-based platform hosts over 18 million users sharing more than 3 million AI models and 500,000 datasets, serving over 200,000 companies. This deal is Nvidia’s second-largest purchase after the $20 billion acquisition of chipmaker Groq’s assets. Analysts describe the move as a « defensive strategic play » to prevent Google or other major labs from taking control of what has become a central hub in the open source AI ecosystem.
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