'The planets aligned': Nvidia confirms $12.9bn Hugging Face deal in potentially huge AI shake-up
- Nvidia pays $11.9 billion for Hugging Face, and a further $1 billion in equity-based retention
- The company promises to keep Hugging Face "an open platform for the entire AI ecosystem"
- Nvidia CEO Jensen Huang has publicly supported open weight models
Nvidia has confirmed plans to acquire Hugging Face for $12.9 billion subject to regulatory approval, marking a major expansion for the chipmaker as it snaps up one of the most important AI model distribution platforms.
In a post, the company asserted it plans to keep Hugging Face as it is: "Hugging Face will remain an open platform for the entire AI ecosystem," CEO Jensen Huang wrote.
Huang explained Nvidia's "infrastructure, engineering and global reach" will help improve Hugging Face's "reliability, safety, model evaluation, inference and deployment capabilities."
Nvidia confirms Hugging Face acquisition
The platform currently counts more than 18 million developers, researchers and creators as users, with more than...
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