Nvidia acquires Hugging Face
LATEST Nvidia announces deal to acquire Hugging Face for $13 billion
Nvidia has agreed to acquire the open-source AI platform Hugging Face for approximately $13 billion. The deal positions Nvidia as a central player in the open AI model market. Hugging Face's leadership initiated the acquisition to gain resources and scale.
NOW PLAYING Nvidia CEO Jensen Huang on Hugging Face deal: Open models matter greatly to our company
Nvidia has officially acquired Hugging Face for $12.9 billion, a deal initiated by Hugging Face's leadership seeking more resources and scale for open-source AI. Nvidia CEO Jensen Huang and Hugging Face CEO Clément Delangue discussed the strategic importance of open models, especially in light of the rapid advancements and competitive landscape in AI development. Both leaders emphasized that Hugging Face will continue to operate as a neutral platform within Nvidia, aiming to empower a significantly larger community of AI builders globally.
The acquisition signals a major consolidation in the AI infrastructure space, underscoring Nvidia's commitment to both proprietary and open-source AI development, which could accelerate innovation and broaden access to AI technologies worldwide.