$NVDA Secures Open AI Distribution Giant With $12.9B Hugging Face Acquisition

$NVDA is acquiring Hugging Face for $12.9 billion, securing one of the largest distribution layers in open-source artificial intelligence with a network of over 18 million developers and 3 million models.
The strategic acquisition significantly expands Nvidia's control and influence over how open AI models are distributed, shared, and deployed across enterprise ecosystems.