Nvidia Bought Hugging Face for $12.9 Billion. This Software Acquisition Changes Everything.
By acquiring Hugging Face, Nvidia is working to capture the talent funnel.
Overview
Nvidia (NASDAQ: NVDA) spent about $12.9 billion recently to acquire Hugging Face. While the name tells you absolutely nothing about what Hugging Face does, I think it's a game-changing buy for Nvidia, as it marks the chipmaker's step into a different part of the artificial intelligence (AI) sector.
Nvidia investors should be thrilled with the direction this purchase will lead the company in.
Image source: Getty Images.
Details
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Originally published at www.fool.com.
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