Artificial Intelligence: Takeover complete: Nvidia buys AI platform Hugging Face
The world's largest chipmaker is reaching for the central marketplace for open-source AI. Nvidia is putting down almost $13 billion - and promising to keep the platform open.
Nvidia has acquired Hugging Face, a leading AI software platform, for approximately $13 billion. The deal, one of Nvidia's largest acquisitions, comes after a week of reported negotiations and gives Nvidia access to a central platform used by millions of researchers and programmers to exchange AI models, datasets, and software. Hugging Face's valuation has nearly tripled in three years, from $4.5 billion in 2023, and the platform will continue to be open to all developers and hardware manufacturers, Nvidia CEO Jensen Huang has promised. The acquisition must be approved by antitrust authorities and is expected to be completed by 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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