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Nvidia's $13 Billion Hugging Face Deal Expands Open-Source AI
Zacks Investment Research·
Nvidia announced a $12.9 billion acquisition of Hugging Face, a major open-source AI platform with 18 million users and 3 million models. The deal, expected to close in 2027, aims to strengthen Nvidia's AI ecosystem and drive demand for its computing infrastructure as competitors develop their own AI chips. Nvidia's stock gained 1.8% following the announcement.
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