🤖 Nvidia Acquires Hugging Face for $12.9 Billion

Nvidia has agreed to acquire Hugging Face — the leading platform for sharing and deploying open-source AI models — for $12.93 billion. CEO Jensen Huang confirmed the deal on Thursday.

Hugging Face was founded in 2016. The platform currently serves 18 million developers and hosts more than 3 million models, 500,000 datasets, and 1 million applications. Over 200,000 companies use it to evaluate and deploy AI.

Huang said the platform will remain open: support for third-party clouds, accelerators, and models from other developers will continue, and Nvidia hardware will not be required to build or deploy through Hugging Face.

The deal was initiated by Hugging Face. CEO Clément Delangue told CNBC that talks began a few weeks ago, after the company concluded that open-source AI needed more resources and greater scale.

Variety