Nvidia snaps up Hugging Face in a $12.9B open‑source AI bet
TL;DR Summary
Nvidia is buying Hugging Face for $12.9B, paying about $11.9B to Hugging Face investors and up to $1B in stock incentives. Hugging Face will remain open-source, with Nvidia expanding its infrastructure to improve reliability, evaluation, inference and deployment globally while preserving the open ecosystem. The founders say Nvidia is a fitting home, and Nvidia is the platform’s biggest contributor with hundreds of models and datasets.
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