Nvidia to buy open-source AI platform Hugging Face for $13bn
The deal gives Nvidia control of a major open-source AI hub with more than 18 million developers and 3 million models, Huang said.
- 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.
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For the sum of thirteen billion dollars, Nvidia recently acquired Hugging Face, a company specializing in artificial intelligence. This acquisition allowed the three French founders to become billionaires. Their fortune is estimated at 1.55 billion euros.
Nvidia buys the Hugging Face platform for $13 billion, a deal that can affect the EU's technological sovereignty.
Nvidia Agrees To Buy Hugging Face For $12.9 Billion In AI Push
Nvidia has agreed to acquire Hugging Face for roughly $12.9 billion, giving the chip giant control of one of AI’s most important developer platforms. Nvidia says Hugging Face will remain open to rival models, clouds and hardware, but that promise will now face serious scrutiny.
By buying the Hugging Face platform for 13 billion dollars, the world's largest flea manufacturer shows a little more its pivotal role in the circular economy of the general AI. It is both the indefatigable artisan and the main beneficiary.
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