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Nvidia acquires open-source AI platform Hugging Face for $12.9bn
gamesindustry.biz • • general
Key Points:
- Nvidia has acquired the AI platform Hugging Face for $12.9 billion, including $11.9 billion to investors and up to $1 billion in stock incentives, with Amazon, AMD, and Intel also being investors in the platform.
- Nvidia CEO Jensen Huang stated that Hugging Face will remain open-source, and developers will not be required to use Nvidia technology, emphasizing support for the platform's open ecosystem.
- The acquisition aims to leverage Nvidia's infrastructure and global reach to enhance Hugging Face's platform reliability, safety, model evaluation, and deployment capabilities for developers and organizations worldwide.
- Hugging Face, founded in 2016 by French entrepreneurs in New York City, sought Nvidia's resources and scale to expand, with Nvidia already being its largest contributor of models and datasets.
- Both Nvidia and Hugging Face leadership expressed enthusiasm about the partnership, highlighting a shared vision to make AI more open, capable, and accessible globally.
