Nvidia acquires Hugging Face for $12.93 billion — company gains control of major AI model distribution platform
Nvidia expands beyond AI hardware with its $12.93 billion acquisition of Hugging Face, gains control of a major open AI model platform, vows to preserve its support for competing models, clouds, and hardware platforms.
Nvidia announced it is acquiring Hugging Face, a leading platform for distributing and creating open-source AI models, for $12.93 billion. The deal signifies Nvidia's commitment to open-weight AI models and aims to boost demand for its hardware by enabling developers to utilize suitable open models for their products. Hugging Face currently serves over 18 million developers, researchers, and creators who have uploaded more than 3 million models, 500,000 datasets, and 1 million applications.
The company also promises the purchased platform will retain its open-source and open-weight model policy, while Nvidia's resources and global presence will enhance the platform's reliability, safety, model evaluation, inference, and deployment capabilities.
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Also reported by 4 other outlets
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