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At $13 billion, Nvidia's ($NVDA) agreed acquisition of Hugging Face is the chip company's clearest move yet to extend its reach from hardware into the infrastructure of open AI development.
Hugging Face, known widely as the GitHub of AI, hosts millions of models and data sets and has become the dominant repository for open-weight AI systems, where the architecture is public and anyone can download, customize, or run instances on their own hardware.
The deal places that platform inside a company with a $5.4 trillion market capitalization, with a formal closing the next development to confirm. The backstory sharpens the number.
Only last year, Hugging Face turned down a large investment from Nvidia at a $7 billion valuation, with independence cited as the reason.
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