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Nvidia Buys Hugging Face for $12.9B to Dominate AI Software Layer

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The Story

News Summary

  • Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion.
  • The deal significantly expands Nvidia's reach into the software and developer layer of artificial intelligence, broadening its ecosystem beyond hardware accelerator sales.
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210.96 +18.92% over the displayed period

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