Nvidia buys Hopping Face for $13B

Nvidia announced that it will acquire the HugginFace AI platform for $12.93 billion, in a move to strengthen its position in the chip industry and artificial intelligence technologies. The platform includes over 18 million developers and researchers who share 3 million models and 500,000 datasets, used by more than 200,000 companies worldwide. The deal comes after the platform experienced security breaches, amid increasing concerns about the safety of AI models—particularly following hacks by companies like OpenAI and Meta, as well as a U.S. executive order addressing the national security risks associated with these technologies.

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