Recognizing the critical ecosystem where 18M developers select their default tools, NVIDIA is moving forward with an acquisition of Hugging Face. The agreement is valued at an impressive $12.9B. Considering the current platform revenue of ~$150M, this purchase translates to a staggering multiple of ~86x. Ultimately, this investment is not aimed at simply buying a revenue stream. Instead, the tech company is strategically purchasing the primary distribution layer for AI models. We welcome you to read our new blog post to uncover all the details about this major industry development.