Nvidia to buy Hugging Face for $12.93 billion
Nvidia is spending $12.93 billion to acquire Hugging Face, a move analysts say strengthens its position beyond GPUs.
Nvidia NASDAQ:NVDA is spending $12.93 billion to acquire Hugging Face, one of the world's most important AI developer platforms, in a deal analysts see as strengthening the chipmaker's position far beyond GPUs.
Raymond James analyst Simon Leopold called the acquisition a strategically valuable move…