Nvidia buys Hugging Face, the GitHub of AI, for $13 billion
Nvidia has agreed to buy AI model platform Hugging Face for $13 billion, in the latest step by the $5.4 trillion chip giant to use its financial might to accelerate the technology’s boom while exerting greater control over the industry. Hugging Face, which only last year turned down a large investment from Nvidia at a $7 billion valuation to maintain its independence, serves as a repository for millions of models and data sets and has become a champion of “open” AI systems. Nvidia said the goal of the deal was to speed up the spread of open models. Unlike proprietary models from labs such as OpenAI and Anthropic, the design of open-weight models is public and users can download, customize and run them on their own hardware. Read full article Comments
Nvidia has agreed to buy AI model platform Hugging Face for $13 billion, in the latest step by the $5.4 trillion chip giant to use its financial might to accelerate the technology’s boom while exerting greater control over the industry.
Hugging Face, which only last year turned down a large investment from Nvidia at a $7 billion valuation to maintain its independence, serves as a repository for millions of models and data sets and has become a champion of “open” AI systems.
Nvidia says Hugging Face will stay open even as the chipmaker takes control of a key AI hub.
“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,” Nvidia chief executive Jensen Huang said in a statement.
“That is how AI can scale sustainably into billions of everyday tasks across factories, hospitals, farms, classrooms, and Main Street businesses,” he added.
