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.
Written by urgent.news from Silicon Republic's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Nvidia CEO Jensen Huang vows to keep Hugging Face ‘an open platform for the entire AI ecosystem’ fastcompany.com
- Here’s what Nvidia’s $13 billion Hugging Face deal means for the world of AI marketwatch.com
- Nvidia pays $16.4b for Hugging Face – and an open AI future straitstimes.com
- Nvidia buys Hugging Face for $12.9B, promises not to squeeze too hard theregister.com
- Stock Market Today: Dow Up On Fed Governor Remarks; Nvidia Rallies On Hugging Face Deal (Live Coverage) investors.com
- Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face finance.yahoo.com
