Nvidia Acquires Hugging Face for $12.9 Billion
Nvidia has finalized its acquisition of the open-source AI platform Hugging Face. The deal, valued at approximately $12.9 billion, aims to bolster Nvidia's infrastructure. Hugging Face will remain an open platform, supporting diverse AI models and frameworks.
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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.
Nvidia puts its money where its mouth is on open weight AI, moving to buy Hugging Face for $13 billion
Nvidia has announced its intention to acquire Hugging Face, a leading open platform for machine learning applications, for approximately $13 billion. Nvidia CEO Jensen Huang stated that Hugging Face will remain an open platform, supporting various models, frameworks, and computing platforms, emphasizing Nvidia's commitment to open-source AI development.
NVIDIA to acquire Hugging Face for $12.9 billion
Tech giant NVIDIA has announced a deal to acquire AI startup Hugging Face for $12.9 billion. NVIDIA CEO Jensen Huang confirmed the acquisition, stating that NVIDIA will use its resources to scale Hugging Face's platform and expand access to AI for developers. Hugging Face was previously valued at $4.5 billion in 2023.
NVIDIA is buying Hugging Face for $12.93 billion
NVIDIA has confirmed its acquisition of AI software repository Hugging Face for $12.93 billion. This move integrates Hugging Face's extensive AI model and dataset repository into NVIDIA's ecosystem.
Nvidia’s $12.9 Billion Bet on Hugging Face Arrives as the Closed Labs Drift Away
Nvidia is acquiring the open-source AI platform Hugging Face for $12.9 billion, a price significantly higher than its estimated $150 million annual revenue. This strategic move aims to bolster Nvidia's position in the AI market as major clients like OpenAI and Google develop their own custom silicon, potentially reducing their reliance on Nvidia's hardware. The acquisition is seen as a counterweight to the trend of closed AI labs, securing Nvidia's hardware dominance within the open-source AI community.
