Report: Nvidia to acquire AI model repository Hugging Face for $13 billion

Nvidia is reportedly moving forward to acquire Hugging Face for $12. 9 billion.

The acquisition could help the hardware giant expand and fortify its deep integration with the wider AI industry. Among other things, Hugging Face is a cloud repository for AI models, similar in some respects to what GitHub is for conventional computer software.

Developers and researchers search for models that meet certain criteria, download and run them, and fine-tune them into different variants that then get uploaded back up to Hugging Face.