'The planets aligned': Nvidia confirms $12.9bn Hugging Face deal in potentially huge AI shake-up
Jensen Huang confirms Nvidia's plans to buy Hugging Face in its biggest-ever acquisition.
Nvidia has announced its intention to acquire AI model distribution platform Hugging Face for a staggering $12.9 billion, subject to regulatory approval. This significant expansion for the chipmaker comes as it secures one of the most vital AI platform players. In a statement, Nvidia CEO Jensen Huang affirmed that Hugging Face will retain its open platform status for the entire AI ecosystem, emphasizing the company's commitment to supporting open source and open weight models.
Currently, Hugging Face boasts over 18 million users, including 3 million models shared by developers and researchers worldwide. The deal, valued at $11.9 billion in cash and $1 billion in equity-based retention, represents Nvidia's largest acquisition to date. Huang assured that Nvidia's infrastructure, engineering, and global reach will bolster Hugging Face's reliability, safety, model evaluation, inference, and deployment capabilities, all without favoring the company's own GPUs and software.
The acquisition news follows closely on the heels of previous rumors, and if finalized, it would mark a pivotal moment in the AI landscape.
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