Nvidia’s $13 billion Hugging Face bet reveals Jensen Huang’s vision for the next AI battleground

Nvidia is set to acquire Hugging Face for $12.93 billion, a move that highlights Nvidia's strategic focus on open-source AI. Hugging Face, a significant platform for open-source AI models, datasets, and applications, currently generates about $150 million in annualized revenue. Nvidia values Hugging Face for its central role in the open-source AI ecosystem, which is utilized by over 18 million developers, researchers, and creators, hosting more than 3 million models, 500,000 datasets, and 1 million applications.