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Nvidia to buy Hugging Face for $12.93 billion

Nvidia will buy Hugging Face for $12.93 billion, targeting demand for open AI models as major customers develop in-house platforms.

NVDA

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:** 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 c…