Nvidia to buy open-source AI platform Hugging Face for $13bn
The deal gives Nvidia control of a platform used by more than 18 million developers and 200,000 companies, while keeping it open to other chipmakers.
- 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.
506 Articles
506 Articles
The chip manufacturer bets on the world's leading platform for the distribution of Ai models.
Hugging Face is the central platform for the global developer community in the field of AI. In recent years it has tripled its value. Now Nvidia is absorbing the company and paying an enormous price for it.
The world's largest chip manufacturer is reaching for the central marketplace for open source AI. Nvidia is putting just under 13 billion dollars on the table - and promises to keep the platform open.
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volksfreund.deThe world's largest chip manufacturer is reaching for the central marketplace for open source AI. Nvidia is putting just under 13 billion dollars on the table - and promises to keep the platform open.
Nvidia Spends Big With Billion-Dollar Acquisition of Hugging Face
Nvidia Corp. announced on Tuesday, Sept. 2, an agreement to acquire Hugging Face Inc., an open platform for artificial intelligence (AI) developers, for $12.9 billion, according to a statement released by the company. The deal, which has been anticipated for weeks, is expected to close in the first half of 2027, subject to regulatory approvals, the company reported. [1] The acquisition marks one of Nvidia's largest purchases as it pushes to expa…
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