Patrick Moorhead on Nvidia acquiring Hugging Face: It's about accelerating open source growth
Nvidia has agreed to buy Hugging Face, an open-source AI platform, for $12.9 billion. Patrick Moorhead, Moor Insights Strategy CEO, joins 'Squawk on the Street' to discuss.
TL;DR
- Nvidia has agreed to purchase Hugging Face, an open-source AI platform.
- The deal is valued at $12.9 billion.
- Patrick Moorhead of Moor Insights Strategy commented on the acquisition.