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Nvidia Acquires Hugging Face for $12.9B | Tech News
Description
Nvidia just dropped a $12.9 billion bombshell — they’ve acquired Hugging Face, the AI community’s powerhouse for models, apps, and datasets used by 18 million developers. CEO Jensen Huang confirmed Hugging Face will stay open-source, letting devs keep their freedom to choose tools and cloud providers — no forced Nvidia hardware. It’s a strategic move to expand access while monetizing compute power, following a rejected $500M offer last year. With Hugging Face nearing profitability and AI demand soaring, this acquisition signals Nvidia’s full commitment to open AI innovation — positioning their chips at the heart of the future, even as they pour billions into shaping it.
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