Nvidia to buy Hugging Face for $12.9 billion, report claims — could strengthen Nvidia's open-model strategy and shore up position against rivals
Nvidia reportedly plans to buy Hugging Face at a price that exceeds its revenue by over 80 times, making it a major strategic investment in AI ecosystem.
Nvidia is reportedly planning to acquire AI development platform Hugging Face for $12.9 billion, according to a report by The Information. If the acquisition takes place, Nvidia's open-model strategy could be strengthened, providing an additional avenue to sell AI hardware and defend its business against competition from Anthropic, Google, OpenAI, and other hyperscalers developing their own accelerators.
Hugging Face, a platform known for its Hub, a GitHub-like repository for models, datasets, and applications, and software such as the Transformers library, optimizes and deploys AI models on various types of hardware. Its Inference Endpoints service allows customers to run models on managed infrastructure provided by AWS, Google Cloud, and Microsoft Azure.
The company's growth, despite modest revenue, has been fueled by improved Chinese open models and strategic investments in hardware, models, and software.
Written by urgent.news from Tom's Hardware's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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