Nvidia acquires Hugging Face for $12.9 billion

Nvidia has agreed to acquire artificial intelligence platform Hugging Face for twelve point nine billion dollars.

“Nvidia has agreed to acquire artificial intelligence platform Hugging Face for twelve point nine billion dollars. Founded in twenty sixteen, Hugging Face became a leading marketplace where developers find, test, customize and deploy artificial intelligence models. More than two hundred thousand companies use the platform, giving Nvidia a vast distribution channel beyond its dominant computing hardware. For media companies, the deal could tighten Nvidia's influence over both the infrastructure and software used to build production tools.”