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Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away
Nvidia is buying open-source AI platform Hugging Face for $12.9 billion, about 80 times its $150 million annual revenue. The deal fits Nvidia's push to invest billions in open AI models while closed providers like OpenAI and Anthropic move away from Nvidia hardware.
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infoworld.com
Nvidia eyes $12.9 bn Hugging Face deal to expand AI platform control
The proposed acquisition would give the chipmaker a foothold in model distribution and developer workflows beyond its core hardware business.
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forbes.com
Nvidia Is Buying Hugging Face For $13 Billion, Reports Say
Nvidia had previously invested $235 million in Hugging Face during its Series D funding round in August 2023.
