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Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models
Source: reuters.com
Artificial IntelligenceM&A & RestructuringTechnology & InnovationCompany FundamentalsAnalyst Insights
Nvidia will acquire Hugging Face for $12.93B, targeting growth from support and distribution of open AI models. The deal signals strategic expansion beyond chips even as key customers build in-house AI hardware to lessen dependence on Nvidia. Overall, the $12.93B buy is a meaningful offensive bet on AI developer demand and platform monetization.
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