Nvidia has agreed to buy Hugging Face, the GitHub-like repository of open-source #Artificial Intelligence models, for $12.9 billion, roughly 80 times the startup’s forward revenue, after deal talks kicked off when another suitor came calling. Salesforce, an investor in the company, has been among the interested parties, the report said.
Nvidia is purchasing the startup to shepherd the open-model ecosystem as a counterweight to closed-source model developers such as Anthropic and OpenAI, both of which are building their own AI server chips to lessen their reliance on Nvidia’s. Owning Hugging Face also revives Nvidia’s cloud business. #(Cool) Dev
https://www.cnbc.com/2026..
