00:00NVIDIA just made its biggest move yet to lock in its position at the center of the AI world.
00:05The chip giant has confirmed a $12.9 billion deal to acquire Hugging Face,
00:10the open-source platform used by more than 18 million developers, to share and discover AI models.
00:17The deal breaks down into nearly $12 billion paid directly to Hugging Face shareholders,
00:22plus up to $1 billion in retention pay for employees joining NVIDIA.
00:26And it's expected to close in the first half of 2027, pending regulatory approval.
00:32CEO Jensen Huang says Hugging Face will remain an open platform,
00:36meaning developers can still choose whatever models, clouds or computing providers they want,
00:41with no requirement to use NVIDIA hardware.
00:44Huang is framing the purchase as giving the open-source AI community more resources and infrastructure to grow.
00:50Rather than folding it exclusively into NVIDIA's own ecosystem,
00:53it's NVIDIA's second-largest acquisition ever.
00:57Disclosure, this video contains stock footage and content created or enhanced using AI-assisted tools.
