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Nvidia to buy open-source AI platform Hugging Face for $13bn
The deal is Nvidia’s second-largest, and it would expand the chipmaker’s reach into AI software and open-source tools.
- On Thursday, Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion, expanding beyond its core chip business into the broader AI software stack.
- Marking a strategic expansion, Nvidia has become the world's most valuable company due to insatiable demand for graphics processing units powering the generative AI boom.
- The purchase follows Nvidia's $20 billion acquisition of Groq assets last December and its 2019 purchase of Israeli chipmaker Mellanox for nearly $7 billion.
- In a blog post Thursday, Nvidia CEO Jensen Huang wrote that Hugging Face will "remain an open platform for the entire AI ecosystem," addressing concerns about market consolidation.
- Hugging Face CEO Delangue recently addressed a hacking incident, attributing the attack to "engineering mistakes" and confirming the company used an Nvidia version of a Chinese open model to resolve it.
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14 Articles
14 Articles
Nvidia is buying Hugging Face for almost $13 billion
Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world's biggest AI chipmaker. Hugging Face is an online platform founded in 2016 that gives AI developers a space to share their projects and data […]
·United States
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Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models
Nvidia will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant.
·London, United Kingdom
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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