Nvidia acquires open-source AI platform Hugging Face for $12.9bn - GamesIndustry.biz
Nvidia has announced the acquisition of the open-source AI platform Hugging Face for approximately $12.9 billion. The deal aims to scale Hugging Face's infrastructure while maintaining its commitment to an open-source ecosystem.
Why it matters
This acquisition consolidates significant power in the AI sector, merging the leading hardware provider with the most prominent open-source model repository.
Firm to pay approximately $11.9 billion to Hugging Face investors, could offer up to $1 billion in stock-based retention incentives
As BBC News reports, Nvidia will pay about $11.9 billion to Hugging Face investors and may offer up to $1 billion in stock-based incentives. Amazon, AMD, and Intel are also investors in the open-source AI platform.
Nvidia president and CEO Jensen Huang wrote in a blog post that Hugging Face will stay open-source, and developers will not have to use Nvidia technology.
Huang said the deal will help Nvidia grow and improve Hugging Face's infrastructure for developers and organisations globally.
"Nvidia's infrastructure, engineering and global reach can help improve platform reliability, safety, model evaluation, inference and deployment capabilities, while preserving the open ecosystem that made Hugging Face foundational."
Hugging Face was founded in 2016 in New York City by French entrepreneurs Cl ment Delangue, Julien Chaumond, and Thomas Wolf.
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