Nvidia to Acquire Hugging Face
Nvidia has announced an agreement to acquire AI platform Hugging Face for approximately $12.9 billion. The deal aims to scale Hugging Face's infrastructure while maintaining its commitment to open-source AI development.
Why it matters
This acquisition represents a major consolidation in the AI industry, potentially impacting the accessibility and development of open-source models.
I’m excited to announce that NVIDIA has agreed to acquire Hugging Face for $12,930,300,000. Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide.
Over the past decade, Clem, Julien, Thomas and the team at Hugging Face have built something remarkable: a vibrant home for the open model developer community.
More than 18 million developers, researchers and creators use Hugging Face to share more than 3 million models, 500,000 datasets and 1 million applications. More than 200,000 companies use the platform to discover, evaluate, customize and deploy AI.
Hugging Face will remain an open platform for the entire AI ecosystem. Developers will choose the models they want, the frameworks they want, the clouds and inference service providers they want and the computing platforms they want. NVIDIA compute will not be required to build on or deploy through Hugging Face.
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