India, Aug. 28 -- Nvidia is reportedly planning a $13 billion deal for Hugging Face. Nvidia Corp. has reportedly agreed to spend about $13 billion to acquire Hugging Face, a major platform for open-weight artificial intelligence models. The news came on the same day Nvidia reported that its quarterly revenue had doubled, sending its shares up about 7%.

Hugging Face is a major name in open AI. The company hosts one of the world's largest collections of open-weight AI models. These models can be downloaded, changed and adapted by developers for different uses. The company has pushed for a more open AI industry. Hugging Face has long supported the idea that AI development should not be controlled by a small number of powerful companies.

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