Nvidia acquires open-source AI platform Hugging Face for $12.9bn
Nvidia has acquired the artificial intelligence platform Hugging Face for $12.9 billion, with approximately $11.9 billion going to investors and up to $1 billion in stock-based retention incentives. Hugging Face, founded in 2016, will remain open-source, and Nvidia CEO Jensen Huang stated the deal will enhance its infrastructure while preserving its open ecosystem.
- Entities
- Company: Amazon
- Company: Intel
- Topic: Artificial Intelligence
- Person: Clément Delangue
- Person: Thomas Wolf
- Company: Hugging Face
- Company: AMD
- Person: Julien Chaumond
- Topic: Open Source
- Person: Jensen Huang
- Company: NVIDIA
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