- Nvidia agreed to acquire open-source AI model platform Hugging Face for $12.9 billion, expanding its reach among AI developers and users of open models.
- Marvell shares rose as much as 6.3% after the announcement, reflecting its partnership with Nvidia on silicon photonics and semi-custom AI infrastructure using Marvell XPUs and Nvidia's NVLink ecosystem.
Quotes
“more than 50% of Nvidia's business is "largely driven by open models,”