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NVIDIA Agrees to Acquire Hugging Face for $12.93 Billion, Citing 18 Million Developers

  • Funding & M&A
  • Open Source
  • Foundation Models

NVIDIA has confirmed a $12.93 billion agreement to acquire Hugging Face, the open-model hub it said now hosts more than 3 million models and is used by over 18 million developers. Chief executive Jensen Huang said the chipmaker will scale the platform, strengthen its infrastructure, and keep it open — including to hardware that is not NVIDIA's.

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