Hugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC

Nvidia has agreed to acquire Hugging Face, an open-source AI platform (a publicly available software framework that anyone can use and modify), for $12.9 billion. Hugging Face CEO Clément Delangue approached Nvidia during the summer, recognizing that open-source AI needed more resources and scale to advance. The acquisition represents Nvidia's continued expansion beyond just making computer chips into building a broader AI software ecosystem.