Nvidia Announces $12.9 Billion Acquisition of AI Platform Hugging Face
Nvidia has announced a deal to acquire artificial intelligence platform developer Hugging Face for approximately $12.93 billion, marking the company's largest acquisition to date. The move is intended to scale Hugging Face’s infrastructure and expand global access to AI tools for developers and institutions. The announcement came as Nvidia CEO Jensen Huang outlined plans in a blog post to strengthen Hugging Face’s platform through enhanced resources and support from Nvidia. While details on the deal structure were not provided, the acquisition aligns with Nvidia's broader strategy of expanding its presence in the rapidly growing AI sector.
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