Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform

Nvidia is acquiring the artificial intelligence software platform Hugging Face for $13 billion. According to the Nvidia CEO, Hugging Face will remain an open source platform for the entire AI ecosystem. While Nvidia is already the infrastructure leader of AI, this strategic acquisition brings the chipmaker one step closer to securing its dominance over the software layer as well, expanding its influence across the broader artificial intelligence landscape through this significant financial investment.