Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away

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Nvidia is buying open-source AI platform Hugging Face for $12.9 billion, about 80 times its $150 million annual revenue.

The deal fits Nvidia's push to invest billions in open AI models while closed providers like OpenAI and Anthropic move away from Nvidia hardware.

The article https://the-decoder.com/nvidia-snaps-up-hugging-face-for-12-9-billion-as-closed-ai-labs-pull-away/">Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away appeared first on https://the-decoder.com">The Decoder.