Nvidia Is Closing In On A $12.9 Billion Deal To Buy Hugging Face
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Nvidia bets $12.9B that owning Hugging Face won’t kill open-source AI
Nvidia has reportedly agreed to acquire Hugging Face, the platform where most of the world’s AI developers download and share open models. The deal raises a structural question: can the company that sells the compute also own the catalog?
Photo: Getty Images Nvidia has reached an agreement to acquire Hugging Face, an open-source artificial intelligence modeling platform. The Information reports, citing people familiar with the matter, that the potential deal could be worth up to $12.9 billion. If the deal goes through, it would be one of Nvidia’s largest acquisitions in history. The deal is particularly significant given Hugging Face’s financial performance. The … The post Nvidia…
Nvidia has agreed to buy Hugging Face for $12.9 billion, according to The Information. The deal sees Nvidia take control of one of the key platforms for open AI, where developers and researchers share models, data and tools. Founded ten years ago, Hugging Face has evolved from a gathering place for AI models [...] Source
The world's most valuable chip company is staging a rare act of "self-restraint." Just as the market was digesting Nvidia's record-breaking quarterly results, the AI chip giant simultaneously applied the accelerator and the brakes—on one hand, news broke of its $12.9 billion acquisition of Hugging Face, while on the other hand, it quietly suspended its "AI Computing Partner" financing program. According to tech media outlet The Information, Nvid…
Nvidia Is Closing In On A $12.9 Billion Deal To Buy Hugging Face
Nvidia has reportedly agreed to buy Hugging Face, the open-source hub used by more than 13 million developers, for $12.9 billion. If the deal closes, it would be Nvidia's largest acquisition ever, nearly double what it paid for Mellanox in 2020. The move raises questions about the neutrality of a platform rivals like AMD and Google depend on daily.
NVidia's announcement that its revenue in the last quarter reached $96.2 billion is a clear indication of how much it has changed in just a few years. The company that…More...
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