Hugging Face CEO says 'planets aligned' for Nvidia deal, aims to reach 100M users
When the moon is in the seventh house...
Hugging Face's CEO, Clément Delangue, expressed optimism about the company's future after Nvidia agreed to acquire the AI model hub for $12.9 billion. Delangue stated that this deal provides Hugging Face with the security to focus on the long-term and maximize its impact in the community. With 18 million AI builders currently using the platform, Delangue aims to reach 100 million users in the coming years and believes Nvidia's support can help achieve this goal faster.
Although Hugging Face previously rejected a $500 million investment offer from Nvidia, the CEO believes that the planets aligned this summer, leading to the decision to accept the acquisition. Both companies are confident that regulators will view the merger positively, as it will boost AI accessibility and competition. Delangue emphasized that the platform remains open and neutral, ensuring developers can run models on any platform worldwide.
The focus moving forward will be on new initiatives and releases from both Hugging Face and Nvidia in the coming weeks and months.
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