Inside Nvidia’s $12.9B Hugging Face Buy, Nvidia Q2 Sales Double to $96.2B, Salesforce Shares Jump
Nvidia has agreed to acquire Hugging Face, an open-source AI platform, for $12.9 billion. The acquisition is seen as a strategic move for Nvidia to bolster its position in the AI market by gaining control over a key asset for open-source models. Hugging Face, which hosts a wide range of models developers can use, generates $150 million in revenue and has seen rapid growth due to the increasing interest in cheaper open-source AI models.
The acquisition signifies Nvidia's aggressive strategy to consolidate its dominance in the AI landscape by integrating crucial open-source infrastructure, potentially influencing the future development and accessibility of AI models.
The episode also covers Nvidia's Q2 sales doubling to $96.2 billion with strong guidance, and Salesforce's shares jumping 14% following its quarterly results and an expanded partnership with Anthropic, alongside SoftBank's talks to acquire a majority stake in humanoid robot company 1X.
