Nvidia to acquire Hugging Face for $12.9B after months of talks

TREE NEWS update: Hugging Face, the AI model hub, is in talks to be acquired by Nvidia for $12.9B, nearly double the valuation it rejected from Nvidia nine months prior. The deal underscores the strategic importance of model distribution and open-source AI, especially amid rising geopolitical tensions around AI models. The company’s founder emphasizes long-term community responsibility, but the acquisition raises questions about the platform’s neutrality.