Nvidia nears $12.9 billion deal for Hugging Face

Nvidia has agreed to buy open source AI hub Hugging Face for $12.9 billion, The Information reported, though talks reportedly hadn’t produced a signed deal as of Wednesday night.

Why it matters. Owning the biggest open source model hub gives Nvidia a lever to keep the market dependent on its chips even as OpenAI, Google, Amazon and Anthropic build their own silicon.

Signal from TechCrunch (AI) · Connie Loizos · read the original.

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