Nvidia CEO Jensen Huang vows to keep Hugging Face ‘an open platform for the entire AI ecosystem’
Nvidia Corporation announced on Thursday that it has agreed to acquire the open-source AI platform Hugging Face for $12.93 billion. While rumors and speculation about Nvidia’s potential play had been swirling for weeks , the chipmaker has now made it official. Hugging Face, which is something of a GitHub for AI, has a library of models and datasets that should make Nvidia an even more dominant…
Nvidia announced on Thursday that it will acquire the open-source AI platform Hugging Face for $12.93 billion, making it an even more dominant player in the AI ecosystem. Hugging Face is like GitHub for AI, providing a library of models and datasets. Nvidia CEO Jensen Huang stated that Hugging Face will remain an open platform for the entire AI ecosystem, allowing developers to choose models, frameworks, clouds, inference service providers, and computing platforms.
Hugging Face was founded in 2016 and has raised $395 million in funding, with CEO Clem Delangue expressing happiness about the acquisition, stating that it will complement and potentially even replace closed-source APIs.
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