Nvidia acquires Hugging Face for $13 billion: Jensen Huang details the new era of the AI platform

Nvidia has officially announced and confirmed the acquisition of the open-source artificial intelligence platform Hugging Face for approximately 13 billion dollars. According to CEO Jensen Huang, the precise cost of the transaction totals USD 12,930,300,000, though some reports reference minor variations of 12.9 billion dollars or 11.130 billion euros.

Headquartered with operations referenced out of New York, the deal represents a major strategic move by the American chip giant into the open-source AI infrastructure sector. The acquisition is intended to strengthen and expand Hugging Face's platform and capabilities as part of a new era for the AI community under Nvidia's backing.