Nvidia agrees to buy Hugging Face for $12.9 billion
Nvidia agreed to acquire AI platform Hugging Face for $12.9 billion, as reported by The Information. Hugging Face, known for hosting open-source large language models, was previously valued at $4.5 billion after a $235 million funding round in 2023. This acquisition highlights Nvidia's strong demand for AI computing, with a projected 70% revenue increase next fiscal year.