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.

Nvidia to buy Hugging Face, an open-source AI platform, for $12.9 billion

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.