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Nvidia's $12.9 Billion Bid for Hugging Face: The AI Model Hub Deal

Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion. The platform, often called the "GitHub of AI," serves as a central hub where developers and researchers share and deploy open-source AI models.

The acquisition talks intensified after Hugging Face received other acquisition proposals this week. This move comes after Nvidia's previous attempt to invest $500 million in the company last year, which CEO Clément Delangue rejected. His reasoning was clear: he wanted to prevent any single tech giant from controlling the direction of the open-source AI community. According to CNBC, today's deal represents a significant shift in that position.