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Nvidia Agrees to Acquire AI Platform Hugging Face for $13 Billion
Just the facts
Hugging Face provides repository services and developer tools hosting hundreds of thousands of open-source artificial intelligence models and datasets. Nvidia plans to integrate its computing software ecosystem with Hugging Face's platform to streamline AI model deployment for developers. The $13 billion deal represents one of the largest corporate acquisitions within the artificial intelligence sector.
Why this is news
Technology company Nvidia entered into a definitive agreement to acquire artificial intelligence open-source platform Hugging Face in a transaction valued at $13 billion.
Sources
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