Nvidia to buy developer platform Hugging Face in $12.9bn deal
by Nick Robins-Early and agencies from Technology | The Guardian on (#7852W)
Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant's chips.
Shares in Nvidia were slightly lower after the $12.93bn (9.57bn) deal - which ranks among its biggest ever - was announced for the database of AI models on Thursday.
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