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Nvidia closes in on Hugging Face acquisition

Nvidia closes in on Hugging Face acquisition

TL;DRNvidia is buying Hugging Face, a major open-source AI platform, for $12.9 billion.

Why it matters: Consolidates AI infrastructure under Nvidia's control while signaling a strategic shift toward software and services.

Nvidia has reportedly agreed to buy Hugging Face, the popular open-source AI hub, for $12.9 billion in a move that would let Nvidia both protect its chip empire and jump back into the cloud business.

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