Why is Jensen Huang-led Nvidia acquiring AI platform Hugging Face for $12.9 billion? Here’s what we know

Chipmaker Nvidia is acquiring artificial intelligence (AI) software platform Hugging Face for $12.9 billion, the company announced in a blog post on Thursday (local time), making it one of the biggest deals for the chipmaker in recent times.

Nvidia acquires Hugging Face
In a blog post, Nvidia’s Chief Executive Officer (CEO) Jensen Huang wrote, “More than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, 500,000 datasets, and 1 million applications.

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