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Nvidia Buys Hugging Face for $13B to Cement AI Dominance

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Nvidia is acquiring open-weight AI repository Hugging Face for $13 billion.
  • By supporting cheaper open-source models over expensive proprietary alternatives, Nvidia aims to lower end-user AI costs, effectively broadening AI adoption and driving immense, long-term demand for its core data-center chips and infrastructure.
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NVDA price history

218.29 +19.87% over the displayed period

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