Nvidia news
NVIDIA has entered into a definitive agreement to acquire Hugging Face, the world's leading open--source AI platform, for approximately $12.93 billion in an all--cash transaction. The deal includes a $1 billion retention program for Hugging Face employees. CEO Jensen Huang confirmed that the platform will remain an open ecosystem, allowing developers to continue using competing models and hardware. This strategic move allows NVIDIA to expand beyond semiconductor manufacturing and into the software layer, gaining direct influence over the primary repository where 18 million developers host over 3 million AI models.