Nvidia-Hugging Face deal: Why the reported $13 billion AI acquisition matters

Nvidia is reportedly planning a $13 billion deal for Hugging Face. Nvidia Corp. has reportedly agreed to spend about $13 billion to acquire Hugging Face, a major platform for open-weight artificial intelligence models. The news came on the same day Nvidia reported that its quarterly revenue had doubled, sending its shares up about 7%.

Hugging Face is a major name in open AI.