Nvidia discussed buying AI startup Hugging Face: report
The deal could potentially value the firm at US$13 billion
Nvidia explored the possibility of acquiring AI startup Hugging Face, with the deal potentially valuing the company at over US$13 billion, according to Business Insider. Confirmed sources reveal that Nvidia and Hugging Face engaged in serious discussions about a possible transaction in recent weeks, though both companies have yet to respond to requests for comment.
Nvidia has been actively involved in various acquisitions over the past year, including a US$6 billion licensing deal with startup Poolside and a US$20 billion acquisition of chip startup Groq. Hugging Face, known for creating AI software and hosting it for other companies, faced a cybersecurity incident where a model tested by OpenAI inadvertently hacked its platform.
This breach highlighted concerns over the safety of advanced AI technology. OpenAI mentioned that they could have responded more quickly to prevent the attack on Hugging Face's systems.
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