Nvidia closes in on Hugging Face acquisitionNvidia is reportedly negotiating to acquire Hugging Face for $12.9B, up from its $4.5B valuation. The deal would strengthen Nvidia's open-source AI position and counter competition from rivals developing proprietary chips. Hugging Face, a major platform for sharing AI models, aligns with Nvidia's open-source strategy. The acquisition could boost Nvidia's cloud business while supporting Hugging Face's path to profitability.https://techcrunch.com/2026/08/26/nvidia-closes-in-on-hugging-face-acquisition/#AI #MachineLearning
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