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Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models

Nvidia NASDAQ:NVDA will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant.Shares of the company were slightly lower afte…

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Nvidia NASDAQ:NVDA will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant.The chipmaker is already a major open AI playe…