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Nvidia to acquire Hugging Face for about $13B, expanding its AI open-source hub

1 min read
Source: The Verge
Nvidia to acquire Hugging Face for about $13B, expanding its AI open-source hub
Photo: The Verge
TL;DR Summary

Nvidia has agreed to acquire Hugging Face for about $12.93 billion, bringing one of the most popular open-source AI model hubs under the world’s largest AI chipmaker. Nvidia says Hugging Face will remain an open platform for developers, with plans to scale the infrastructure and broaden access to AI. Hugging Face was last valued at $4.5 billion in 2023 and has about $150 million in annual revenue, a small fraction of the purchase price.

Topics:business#acquisition#ai#hugging-face#nvidia#open-source#tech
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  1. Nvidia is buying Hugging Face for almost $13 billion  The Verge
  2. Nvidia inks $13 billion deal to buy the AI startup that was hacked by OpenAI  WLWT
  3. Stocks edge up as Nvidia leads tech higher following Hugging Face deal announcement: AlphaCheck  Yahoo Finance
  4. Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform  The Boston Globe
  5. Nvidia Goes All-In on Open AI Models, Buys Hugging Face for $12.93 Billion  PetaPixel

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