Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giants chips. Shares in Nvidia were slightly lower after the $12.93bn £9.57bn deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday. The New York based startup Hugging Face, which is backed by Intel, Advanced Micro Devices and Amazon, was founded in 2016 by the...
