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

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

Jensen Huang, Nvidia’s CEO, said in a blog post that with the deal, the company “will expand access to AI for developers and institutions worldwide.”

It’s Nvidia’s second-biggest purchase, after it paid $20 billion for Groq assets at the end of last year.