Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI
Nvidia has agreed to acquire Hugging Face, which makes online developer tools and maintains a massive library of open-source data sets, for nearly $13 billion. While the deal had been rumored for weeks, the companies made it official Thursday morning.
The deal signals Nvidia’s seriousness about being steeped in the software side of generative AI development as well as in infrastructure. Nvidia already offers customers a suite of free, customizable open-weights AI models, known as Nemotron. As part of its announcement, Nvidia committed to maintaining Hugging Face’s current open standards, suggesting that the chipmaker is positioning itself as an even greater resource for developers looking to access cutting-edge, nonproprietary tools.
The move also underscores Nvidia’s position that open-weights models are better for the tech industry than closed, proprietary AI models like those developed by OpenAI and Anthropic. Earlier this month, Nvidia rallied more than 80 companiesto sign...
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