NVIDIA has agreed to acquire Hugging Face for $12.93 billion to scale the open-source model repository’s platform and infrastructure.

The transaction targets platform growth and infrastructure investment, aiming to expand AI access for enterprise developers, software engineers, and research institutions globally.

Built over the past decade by Clem Delangue, Julien Chaumond, Thomas Wolf, and their engineering team, Hugging Face serves as the primary home for the open model developer community.

Platform metrics show more than 18 million developers, researchers, and creators share more than three million models, 500,000 datasets, and one million…

Read the full article at ARTIFICIALINTELLIGENCE-NEWS.COM