Nvidia has agreed to acquire Hugging Face for $12.93 billion, in a deal that will bring one of the largest platforms for open AI models, datasets and applications under the chipmaker’s ownership. According to Nvidia, Hugging Face has more than 18 million developers, researchers and creators, with over 3 million models, 500,000 datasets and 1 million applications hosted on its platform.The acquisition is significant because Nvidia and Hugging Face operate in different parts of the AI stack. Nvidia has built its position around graphics processing units (GPUs), computing infrastructure and software tools used to train and run AI systems, while Hugging Face has become a major platform for developers to discover, share, customise and deploy AI models. Is this a better bet for Nvidia ?
