Nvidia Acquires Hugging Face for $12.9 Billion
Nvidia has confirmed the acquisition of AI platform company Hugging Face for approximately $12.9 billion, following weeks of speculation and rumors. The deal marks a significant move into expanding Nvidia’s influence in open-source AI development. In a blog post, CEO Jensen Huang emphasized that Hugging Face will continue to support an open ecosystem where developers can choose their preferred models, frameworks, clouds, and computing platforms without being restricted to Nvidia hardware. Hugging Face's platform is home to three million machine learning models, one million applications used by over 18 million developers, and half a million datasets. The company has previously raised more than $395 million in funding, with its last round led by Salesforce Ventures in 2023. Hugging Face CEO Clem Delangue expressed optimism about the partnership's potential to scale open-source AI development through increased compute resources and collaboration. The acquisition is expected to enhance Nvidia’s position as a dominant hardware provider for AI while enabling it to offer unused computing capacity bundled with Hugging Face services.
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Topics: AI Corporate strategy Open-source platforms Technology acquisition