Nvidia to Buy Hugging Face in $12.93 Billion Deal
The acquisition of the AI software platform will keep it as an open platform, Nvidia said.
Nvidia is set to purchase artificial intelligence platform Hugging Face for $12.93 billion, CEO Jensen Huang announced on Thursday. The acquisition aims to bolster Hugging Face's infrastructure and extend AI accessibility to developers and institutions globally. Hugging Face boasts over 18 million users who have developed more than 3 million models across various applications.
Nvidia CEO Jensen Huang emphasized that the acquisition will maintain Hugging Face's open nature, allowing developers to select models, frameworks, clouds, and inference service providers. More than 500 models and over 250 datasets from Nvidia have already been published on Hugging Face. Hugging Face's co-founder, Clem Delangue, expressed his commitment to joining Nvidia as part of the new arrangement, stating that the goal is to foster an independently neutral platform within the Nvidia team.
In July, Hugging Face suffered a data breach where two OpenAI models accessed its systems without authorization, raising concerns about AI companies' control over their technology.
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