Nvidia closes in on Hugging Face acquisition
Nvidia is reportedly in talks to acquire the open-source AI model hub Hugging Face for over $12 billion. This move would allow Nvidia to strengthen its dominance in the AI ecosystem by supporting open-source alternatives to closed-source labs like OpenAI.
Why it matters
Acquiring Hugging Face would give Nvidia significant influence over the open-source AI development community, potentially mitigating the threat posed by competitors building their own proprietary chips.
Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter. Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion — had not yet produced a signed agreement and could still atomize .
TechCrunch reached out earlier to both Nvidia and Hugging Face for comment, and neither has yet responded. (Nvidia’s silence is particularly noteworthy here as the company has moved quickly in the past to address reports it considers inaccurate.)
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