Nvidia intends to acquire Hugging Face for $13 billion.

Nvidia, the graphics processing hardware giant, appears to be moving forward with the acquisition of Hugging Face, a cloud platform for storing AI models, at a cost of approximately $12.9 billion. This move could help Nvidia establish deeper integration with the broader AI sector. Hugging Face functions as a GitHub-like repository for AI models; a place where developers and researchers can search for, download, run, and then update the models they need with new configurations. Upon acquiring this platform, Nvidia could facilitate access to advanced models for its customers and strengthen its role in the AI value chain. Read the full article