Nvidia Acquires Hugging Face for $13 Billion

Nvidia acquired open AI model platform Hugging Face for nearly $13 billion, a move analysts say strengthens its ecosystem dominance and hedges against rivals building their own chips. The deal gives Nvidia a strategic foothold as the primary gateway developers use to access open-source models. Elsewhere, the AI model race intensified with new releases from Google, Meta, Anthropic, OpenAI and World Labs. CrowdStrike launched security frontier models at its Fal.Con conference, while mixed earnings results showed investors remain selective despite broad AI-driven tech gains.