NVIDIA to Acquire AI Platform Hugging Face for $12.93 Billion

1. 1NVIDIA (NVDA) is set to acquire open-source AI platform Hugging Face for $12.93 billion.
2. 2Following the acquisition, Hugging Face will remain an open, multi-cloud platform under its existing brand, with co-founders continuing to lead the team.
3. 3The combination of NVIDIA's infrastructure and Hugging Face's ecosystem expands their existing collaboration around open-weight models and AI development.

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