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On September 7, reports surfaced suggesting that NVIDIA is in the process of acquiring Hugging Face, the renowned open-source AI platform, for a staggering $13 billion. Hugging Face is home to a vibrant community of over 18 million AI developers. As of the current moment, neither NVIDIA nor Hugging Face has released an official statement regarding the acquisition. However, a spokesperson from NVIDIA has indicated that Hugging Face will continue to operate as an open and neutral entity post-acquisition. Industry experts speculate that this strategic move is NVIDIA’s way of hedging against intense chip competition, safeguarding against the monopolization of AI models and derivative services within the industry, and broadening the accessibility of CUDA applications.
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