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Nvidia to acquire Hugging Face

· HN · Acquisition ·
Nvidia is paying $12.9 billion for Hugging Face and says the platform will stay open.

The deal is Nvidia’s second-largest acquisition, behind its $20 billion Groq asset purchase last year. Jensen Huang said Nvidia will scale Hugging Face’s platform and infrastructure while keeping it available to the broader AI ecosystem. Hugging Face CEO Clément Delangue said his company approached Nvidia over the summer because open-source AI needed more resources, scale, and visibility. Both executives framed open models as important for security after a recent Hugging Face hacking incident. HN · Acquisition's note

score 10

Categories: Money & Moves

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