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00:02NVIDIA agreed to buy open-source artificial intelligence platform Hugging Face for $12.9
00:07billion as the chipmaker expands beyond hardware and further into the AI ecosystem,
00:12according to CNBC. Hugging Face will remain an open platform following the acquisition,
00:18NVIDIA CEO Jensen Huang said Thursday. Hugging Face CEO Clement DeLang said his company approached
00:24NVIDIA over the summer as it sought more resources, scale, and visibility for open-source AI.
00:30DeLang said he approached NVIDIA because he viewed it as the ideal home for Hugging Face,
00:35and the deal came together quickly. The deal is NVIDIA's second-largest acquisition,
00:40behind its $20 billion purchase of Groke assets in December.
00:45DeLang said the breach reinforced the need to expand open-source AI,
00:49while Huang said open models can give cybersecurity defenders an advantage over attackers.
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