Nvidia to buy Hugging Face for nearly $13 billion in major open AI push
Nvidia will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand, even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant. Shares of the company were slightly lower after the deal on Thursday. The chipmaker is already a major open AI player in the US, with its widely used…
Nvidia has announced its intention to acquire Hugging Face for nearly $13 billion, a significant move in the ongoing push of open AI. The semiconductor giant sees potential in the platform's support for open AI models, which could drive future demand despite its customers developing their own chips to reduce reliance on Nvidia. The acquisition will give Nvidia direct access to a platform where developers collaborate, test, and share tools, potentially providing valuable insights and data.
This move comes as demand for open-weight models has surged due to businesses seeking cost-effective alternatives to expensive AI technologies, with Chinese companies gaining ground in this space. Nvidia's CEO, Jensen Huang, emphasized that Hugging Face will remain an open platform within the AI ecosystem and that Nvidia's chips will not be necessary for deployment or building on the platform.
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Also reported by 2 other outlets
- Nvidia to buy Hugging Face for nearly $13 billion in major open AI push thenationalnews.com
- Nvidia-Hugging Face deal: Chip giant to buy AI platform for $12.93 billion indianexpress.com
