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Nvidia Agrees to Acquire Hugging Face for $12.9 Billion, Expanding Its Open-Source AI Reach
Nvidia is set to acquire the AI platform Hugging Face for an impressive twelve point nine billion dollars. This acquisition marks a pivotal step in Nvidia's strategy, extending its reach beyond hardware and into a thriving software and developer ecosystem. With Hugging Face's vast repository of open-source models and applications, Nvidia aims to fortify its position in the competitive AI landscape.
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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.
