Nvidia to Acquire AI Platform Hugging Face for $13 Billion
Technology giant Nvidia has announced the acquisition of Hugging Face, an artificial intelligence platform with a vast developer ecosystem.
Chip manufacturer Nvidia has officially announced the acquisition of artificial intelligence software platform Hugging Face in a massive $12.93 billion deal.
Details of the Acquisition Deal
Chip manufacturer Nvidia is acquiring artificial intelligence software platform Hugging Face for $12.93 billion. This development has created a major ripple effect in the tech world and was quickly reflected in the markets.
Vast Developer Ecosystem
In a blog post written on Thursday, Nvidia CEO Jensen Huang stated that more than 18 million developers, researchers, and creators use the platform.
While the platform hosts over 3 million models, 500,000 datasets, and 1 million applications, there are more than 200,000 companies actively using the system.
Open Structure and Flexibility
Emphasizing that Hugging Face will remain an open platform, Huang stated that developers will be able to choose the models and frameworks they want.
It was specifically noted that developers will have the freedom to choose clouds, inference service providers, and computing platforms.
No Hardware Requirement
It was announced that there will be no Nvidia compute requirement to develop on or deploy from Hugging Face. This was met positively within the community.