Nvidia buys Hugging Face for $12.9B, a year after the AI hub snubbed its offer
Nvidia is buying Hugging Face, the open-source model hub, for $12.9B roughly triple the $7B valuation the startup rejected last year when it turned down a $500M Nvidia investment specifically to avoid a single dominant investor. The tension is now the story: 15,000-plus companies depend on Hugging Face's neutrality, yet its new owner also supplies the chips those very models run on.