Nvidia confirms it will buy Hugging Face for $12.9 billion

Nvidia acquired Hugging Face for $12.93 billion to integrate its massive repository of three million models and 18 million developers. CEO Jensen Huang confirmed the platform will remain open-source and hardware-agnostic. This acquisition allows Nvidia to monetize unused computing capacity while leveraging Hugging Face’s $150 million in annualized revenue and established AI ecosystem.