Nvidia to buy Hugging Face, an open-source AI platform, for $12.9 billion
Nvidia has officially agreed to buy open-source artificial intelligence platform Hugging Face for $12.9 billion, as the chipmaker moves beyond hardware and further up the AI stack. CNBC's Kristina Partsinevelos reports.
TL;DR
- Nvidia has agreed to purchase Hugging Face.
- The acquisition cost is $12.9 billion.
- Hugging Face is an open-source artificial intelligence platform.
- This move indicates Nvidia's strategy to go beyond hardware and deeper into the AI stack.