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90TECHNOLOGY

Nvidia to acquire AI development platform Hugging Face for approximately $13 billion

⚡ Markets: The acquisition solidifies Nvidia's dominance beyond hardware into the AI software and developer ecosystem, creating a more powerful moat against competitors.NVDAAI sector ETFs

Chipmaker Nvidia has agreed to acquire Hugging Face, a major open-source platform for sharing and deploying AI models. The deal consolidates a key part of the AI software ecosystem under the industry's dominant hardware provider.

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