~$12.93B
- NVIDIA has agreed to acquire Hugging Face, the open-model sharing platform, for roughly $12.93 billion, according to reports.
- Hugging Face serves more than 18 million developers and researchers and hosts over 3 million published models.
- Hugging Face is expected to keep operating as an "open platform" under NVIDIA's ownership.
Why it matters: Bringing the infrastructure that distributes open AI models under the world's largest chipmaker could have a lasting effect on how neutral model sourcing and the open-source ecosystem's pricing remain.