Nvidia agrees to buy Hugging Face for $12.9 billion: Report
Nvidia agreed to acquire Hugging Face for $12.9 billion, marking one of its largest acquisitions to date. This move highlights Nvidia's confidence in the growing demand for AI technology, as Hugging Face hosts open-source models and datasets. The deal contrasts sharply with Hugging Face's annualized revenue of $150 million, indicating Nvidia's strategic investment in the AI sector.