Nvidia acquiring AI startup hacked by OpenAI for $13B

Nvidia announced plans to acquire open-source AI startup Hugging Face for $12.9 billion to expand access to its AI models and reinforce its role in the AI industry. The deal includes $11.9 billion in cash and $1 billion in equity for employees, with completion expected in the first half of next year. The acquisition aims to support open-source AI development, with Hugging Face serving over 18 million users and hosting more than 3 million models.

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