Nvidia to Acquire AI Platform Hugging Face for $13 Billion
Semiconductor giant Nvidia has reached an agreement to acquire AI platform Hugging Face for approximately $13 billion.
Chipmaker Nvidia has agreed to acquire artificial intelligence software platform Hugging Face in a deal valued at approximately $12.9 billion. Company management announced that the platform will remain open for the entire ecosystem.
Details of the Acquisition Agreement
Nvidia has agreed to acquire artificial intelligence software platform Hugging Face at a cost ranging between approximately $12.9 billion and $13 billion. This move ranks among the company's largest acquisitions to date.
The Platform's Open Structure Will Be Preserved
Nvidia CEO Jensen Huang stated that the platform will remain open to the entire artificial intelligence ecosystem and will continue to support multi-cloud and multi-accelerator development processes.
How the Talks Began
Hugging Face CEO Clément Delangue noted that they personally contacted Nvidia management during the summer because open-source artificial intelligence needed more resources and scale.
Vast Developer Communities
Hugging Face is actively used by over 200,000 companies, alongside more than 18 million developers, researchers, and creators who share millions of models, datasets, and applications.