Nvidia to buy Hugging Face for $12.93 billion as Broadcom reports 221% AI-chip revenue growth

Nvidia will acquire AI platform Hugging Face for $12.93 billion, bringing under its control a hub that hosts more than 3 million models and roughly 500,000 datasets. Hugging Face has more than 18 million users and 200,000 company customers. Broadcom also reported that its AI-chip revenue rose 221% year over year. Separately, China’s Moonshot AI is preparing for a Hong Kong IPO at a valuation near $50 billion, according to reports.