The Next WebNvidia announced a deal to buy Hugging Face for $12.9 billion, valuing the open‑source AI platform at roughly 86 times its annualized revenue. The acquisition gives the chipmaker control over the most popular model repository, a growing robotics line and an emerging enterprise‑storage business. Hugging Face, founded by Thomas Wolf, has expanded from a free model hub to a vertically integrated AI platform serving hundreds of thousands of developers. The transaction, still pending regulatory approval, marks Nvidia’s biggest purchase to date and signals a strategic push into cloud services and open‑source ecosystems.
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