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Nvidia buys Hugging Face, the GitHub of AI, for $13 billion
Confirmed
In Short: Nvidia has acquired Hugging Face, a leading platform for AI models, for $13 billion. The goal is to accelerate the adoption of open-source models, enabling a broader range of companies and institutions to leverage advanced AI capabilities without the need to train models from scr
Nvidia has acquired Hugging Face, a leading platform for AI models, for $13 billion. The goal is to accelerate the adoption of open-source models, enabling a broader range of companies and institutions to leverage advanced AI capabilities without the need to train models from scratch or pay high prices for specific tasks.
Open weights enable start-ups, established businesses, universities, and public institutions to build on advanced capabilities without training every model from scratch or paying frontier-model prices for every task,' said Nvidia CEO Jensen Huang, emphasizing the platform's role in democratizing AI development.
Nvidia expects regulatory approval, with Boitano, vice president of enterprise AI at Nvidia, stating, 'We will have to get through all the regulatory review. But we think overwhelmingly they’re going to see this as really a positive outcome.
More than 200,000 companies use Hugging Face to discover AI features, and it hosts over three million AI models, serving more than 18 million developers. Nvidia plans to maintain Hugging Face's open-source nature, ensuring developers can continue to access and use the platform freely.
What's confirmed
- “Open weights enable start-ups, established businesses, universities, and public institutions to build on advanced capabilities without training every model from scratch or paying frontier-model prices for every…
- Nvidia said Hugging Face would remain open to developers and that users would not be required to use its chips or services.
- Nvidia CEO Jensen Huang said Hugging Face will remain an open-source platform.
- Last year, the company rejected a $500 million deal from Nvidia, according to Financial Times.
What's still developing
- Nvidia said the goal of the deal was to speed up the spread of open models.
- “We will have to get through all the regulatory review. But we think overwhelmingly they’re going to see this as really a positive outcome,” said Justin Boitano, vice president of enterprise AI at Nvidia.
- More than 200,000 companies use it to discover AI features, Nvidia said.
- It turned down a $500 million investment from Nvidia late last year, in part to avoid having a single dominant investor, the FT reported.
- According to the companies, Hugging Face is used by more than 18 million developers and hosts more than three million AI models.
- Nvidia announced Thursday that it will buy AI developer platform Hugging Face in a deal valued at approximately $12.9 billion.
- Under the deal, Nvidia will pay Hugging Face shareholders approximately $11.9 billion, while setting aside up to $1 billion in equity-based retention awards for Hugging Face employees who join the company, according…
- In a blog post, Nvidia’s CEO Jensen Huang said that Hugging Face will continue to support open source and open-weight models and will work on expanding developer access.