AI Giant Nvidia to Buy Hugging Face for $12.9 Billion

By Todd Spangler

Todd Spangler

NY Digital Editor

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Nvidia co-founder and CEO Jensen Huang is making a big new bet on an open-source AI future.

On Thursday, Huang announced that Nvidia, a major supplier of hardware to power AI applications, reached a deal to acquire Hugging Face — which operates a platform for building AI open-source models — for $12.93 billion. “Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide,” Huang wrote in a blog post.

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