Nvidia to acquire Hugging Face for $12.9bn
The acquisition is the latest attempt by Nvidia to pull ahead in the global AI race. 9bn
Nvidia has agreed to acquire the open-source AI and machine learning platform Hugging Face for $12.9 billion, as announced on 3 September. The company aims to strengthen Hugging Face's platform, improve its infrastructure, and ensure better AI access for developers and institutions worldwide. Hugging Face will continue to operate as an open platform, allowing developers to choose their models, frameworks, cloud, ISPs, and computing platforms.
Nvidia's president and CEO emphasized the importance of open weights in the AI economy, stating that open models enable start-ups, businesses, universities, and public institutions to build on advanced capabilities without training every model from scratch. This acquisition marks Nvidia's latest significant investment in AI, following a $3.5 billion investment in MediaTek and a $5 billion partnership with Safe Superintelligence.
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