Nvidia has agreed to buy AI model platform Hugging Face for $13bn, in the latest step by the $5.4tn chip giant to use its financial might to accelerate the technology’s boom while exerting greater control over the industry.
Hugging Face, which only last year turned down a large investment from Nvidia at a $7bn valuation to maintain its independence, serves as a repository for millions of models and data sets and has become a champion of “open” AI systems.