Nvidia Acquires AI Startup Hugging Face

US tech giant Nvidia is continuing its acquisition spree by buying AI startup Hugging Face for $12.93 billion, equivalent to around ₹1.22 lakh crore. Nvidia CEO Jensen Huang announced the deal in a blog post, describing Hugging Face as an outstanding platform for the open-model developer community.

Hugging Face was founded in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond and Thomas Wolf. According to Huang, more than 18 million developers, researchers and creators use the platform to share over three million models, five lakh datasets and one million applications, making it a major hub for the open AI ecosystem.