Nvidia to acquire Hugging Face
Nvidia has reportedly agreed to acquire the open-source AI platform Hugging Face for $12.9 billion. The deal aims to integrate Hugging Face's infrastructure into Nvidia's ecosystem while maintaining its status as an open platform for developers.
Why it matters
This acquisition represents a massive consolidation of power in the AI industry, signaling Nvidia's intent to dominate the software and platform layer alongside its hardware dominance.
Nvidia has officially agreed to buy open-source artificial intelligence platform Hugging Face for $12.9 billion, as the chipmaker moves beyond hardware and further up the AI stack.
With the deal, which has been expected since The Information reported on it last week, Hugging Face will "remain an open platform for the entire AI ecosystem," Nvidia CEO Jensen Huang wrote in a blog post Thursday.
"Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide," Huang wrote.
Hugging Face CEO Clément Delangue told CNBC on Thursday that the company approached Huang over the summer about a deal, "and a few weeks later, here we are."
Also covering this story
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