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Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face
Yahoo Finance • • general
Key Points:
- Nvidia confirmed its plan to acquire AI platform Hugging Face for approximately $13 billion, causing its shares to rise by about 2%.
- Hugging Face serves over 18 million developers and 200,000 companies, offering more than 3 million AI models; Nvidia plans to keep it an open platform supporting open-weight and open-source AI models.
- Nvidia emphasizes maintaining a healthy ecosystem of both open and closed AI models to support scalable training and inference, benefiting from hardware usage while promoting innovation and security.
- The acquisition, expected to close in the first half of 2027 pending regulatory approval, positions Nvidia as a comprehensive AI platform beyond just chip manufacturing.
- Industry experts view the move as strategic for Nvidia’s long-term AI ecosystem dominance, with the $13 billion price tag considered manageable given Nvidia’s strong free cash flow projections.
