Nvidia Bags Hugging Face, AI Models Play Leapfrog and CrowdStrike Doubles Down on AI
7 Articles
7 Articles
Nvidia (NVDA) Stock Nears All-Time High After $13B Hugging Face Deal
TLDR NVDA closed at $230.36 on Friday, up as much as 2% during the session, just below its record high of $235.74 Nvidia acquired AI model hub Hugging Face for nearly $13 billion Anthropic, which received up to $10 billion from Nvidia last year, is reportedly preparing to file for an IPO Nvidia...
Nvidia does not buy Hugging Face revenue: it pays 13 billion to gain influence over developers and strengthen their control over the AI value chain.
NVIDIA has formalized the purchase of Hugging Face. With this acquisition, the company has taken one of its biggest steps to date to extend its mastery of artificial intelligence beyond hardware. NVIDIA has thus signed the final agreement to buy Hugging Face for $12.930.3 million. We are talking about that NVIDIA now owns one of the most important platforms in the world to develop, distribute and execute open AI models. Well, all this if regulat…
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