Nvidia Agrees to Acquire Hugging Face For $13 Billion
The Information reported on Wednesday that Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion. "Deal talks began after Hugging Face, an open-source AI platform developers use to collaborate, test and share tools, received acquisition interest from another suitor," reports CNBC, citing the (paywalled) report. Business Insider separately reported the acquisition talks.…
Nvidia has reached an agreement to acquire the popular open-source AI platform Hugging Face for $12.9 billion, according to reports from The Information, CNBC, and Business Insider. If finalized, this acquisition would integrate Hugging Face, a widely-used platform for sharing and collaborating on AI models, into Nvidia's extensive software and model ecosystem.
Siddy Jobe, a fund manager at Eonopolis Exponential Technologies, believes Nvidia's acquisition of Hugging Face aligns with the chipmaker's strategy to become a comprehensive, vertically-integrated platform, encompassing energy, foundational models, and applications.
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