Nvidia to buy open-source AI platform Hugging Face for $13bn
The deal is Nvidia’s second-largest, and it would expand the chipmaker’s reach into AI software and open-source tools.
- On Thursday, Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion, expanding beyond its core chip business into the broader AI software stack.
- Marking a strategic expansion, Nvidia has become the world's most valuable company due to insatiable demand for graphics processing units powering the generative AI boom.
- The purchase follows Nvidia's $20 billion acquisition of Groq assets last December and its 2019 purchase of Israeli chipmaker Mellanox for nearly $7 billion.
- In a blog post Thursday, Nvidia CEO Jensen Huang wrote that Hugging Face will "remain an open platform for the entire AI ecosystem," addressing concerns about market consolidation.
- Hugging Face CEO Delangue recently addressed a hacking incident, attributing the attack to "engineering mistakes" and confirming the company used an Nvidia version of a Chinese open model to resolve it.
365 Articles
365 Articles
Why Clément Delangue Sold Hugging Face to Nvidia After Turning It Down
As of a few months ago, Hugging Face CEO Clément Delangue was still reluctant to have a single dominant investor in his company, which hadn’t raised outside funds in more than two years. “We don’t need to raise too much money, and we’ve decided not to in the past few years,” Delangue told Observer in June. Most notably, Hugging Face turned down a $500 million investment offer from Nvidia last year. The tables have turned 180. After over a week o…
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Nvidia, the world's leading artificial intelligence (AI) semiconductor company, officially announced that it is acquiring the AI model sharing platform 'HuggingFace' ...
Nvidia CEO Jensen Huang has announced that the company will acquire Hugging Face in a deal valued at $12.93 billion. The deal confirms rumors that have been circulating for weeks that Nvidia had increased its interest in the company, especially after other potential buyers emerged. Developers use Hugging Face to share, find, and test artificial intelligence models. Since the explosion of generative artificial intelligence in 2022, the platform h…
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