Nvidia to Acquire AI Platform Hugging Face for $13 Billion
Semiconductor giant Nvidia is preparing to acquire artificial intelligence software platform Hugging Face for $12.93 billion.
Chipmaker Nvidia has announced that it will acquire artificial intelligence ecosystem key player Hugging Face in a massive $12.93 billion deal.
Details of the Acquisition Agreement
Artificial intelligence chipmaker Nvidia has taken official steps to acquire software platform Hugging Face for $12.93 billion. This massive investment has sent ripples through the sector.
Statements from CEO Jensen Huang
Nvidia CEO Jensen Huang announced the acquisition decision in a blog post published on Thursday. Huang provided important assurances regarding the platform's future, addressing users' questions and concerns.
Hugging Face User Data
The Hugging Face platform is actively used by more than eighteen million developers, researchers, and creators worldwide. Additionally, over two hundred thousand companies benefit from this platform.
Hosted Models and Datasets
The platform, which boasts a vast ecosystem, hosts more than three million models, five hundred thousand datasets, and one million applications. Nvidia has also previously shared hundreds of models and datasets here.
Open Source and Multi-Cloud Support
Jensen Huang stated that Hugging Face will continue to remain an open platform. Nvidia computing power will not be made mandatory to perform operations on the platform, and multi-cloud support will continue.
Employee Retention and Stock Market Reaction
Under the agreement, one billion dollars has been allocated to encourage employees to stay at the organization. Following the development, Nvidia shares experienced upward movement in the markets.