NVIDIA has officially declared its intention to acquire the renowned open-source AI platform, Hugging Face, in a deal valued at $12.93 billion. Upon completion of this acquisition, both entities will collaborate closely to further expand the capabilities of the Hugging Face platform, bolster its underlying infrastructure, and facilitate broader access to AI technology for developers and institutions worldwide. Hugging Face will retain its status as an open platform within the AI ecosystem, empowering developers with the freedom to select their preferred model, framework, cloud service, and inference service providers, as well as their computing platform of choice. The utilization of NVIDIA's computing technology will not be a prerequisite for building or deploying on the Hugging Face platform. Furthermore, Hugging Face remains committed to supporting open-source and open-weight models, catering to all model builders, and fostering the development and deployment of multi-cloud and multi-accelerator solutions. This ensures that developers can tailor their hardware and infrastructure selections to best suit their specific needs.