Nvidia said Thursday it will buy AI developer platform Hugging Face for $12.93 billion, its latest major investment to expand its influence in open-source artificial intelligence. The deal would bring Nvidia closer to developers and broaden its customer base as tech giants develop chips to reduce reliance on the company.
Nvidia will buy popular developer platform Hugging Face for $12.93 billion, using its growing AI war chest to expand its influence in the booming market for open-source models that can nearly match the best from OpenAI and Anthropic at lower costs.