Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face

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Nvidia has confirmed the acquisition of the open-weight AI platform Hugging Face for $12.93 billion. According to a blog post by CEO Jensen Huang, the software platform will continue to operate as an open source entity following the purchase. This strategic move involves a total investment of approximately $13 billion by the chipmaker to integrate the AI software platform while ensuring that its open source nature remains intact for the global developer community.
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