Nvidia bets big on AI, to acquire Hugging Face in $12.93 billion deal; Jensen Huang says it will remain ‘open platform’

Nvidia is acquiring AI software platform Hugging Face for $12.93 billion, emphasising its role in an open AI ecosystem. With over 18 million developers and 200,000 companies using the platform, Hugging Face will continue to support open source models and multi-cloud development.