[NVIDIA Announces $12.93 Billion Acquisition of Hugging Face] According to Jinshi reports, NVIDIA (NVDA.O) CEO Jensen Huang announced that NVIDIA has agreed to acquire Hugging Face for $12.93 billion. The two parties will jointly expand the scale of the Hugging Face platform, strengthen its infrastructure, and enable global developers and institutions to access AI capabilities more broadly. He stated that Hugging Face will continue to operate as an open platform for the entire AI ecosystem. Developers can freely choose the models, frameworks, cloud services, inference service providers, and computing platforms they need. Development or deployment through Hugging Face does not require the use of NVIDIA's computing resources. NVIDIA also stated that the equity retention plan for Hugging Face employees joining NVIDIA could reach up to $1 billion.