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Nvidia puts its money where its mouth is on open weight AI, moving to buy Hugging Face for $13 billion
0 Nvidia has just announced that it intends to acquire Hugging Face, the biggest open platform dedicated to developing machine-learning applications.
AI Summary
Nvidia announced plans to acquire Hugging Face, the leading open platform for machine‑learning development, for roughly $12.93 billion. The deal allocates about $11.9 billion to Hugging Face investors, while offering up to $1 billion in equity‑based retention incentives for employees who transition to Nvidia. The acquisition underscores Nvidia’s continued focus on AI, a shift evident in recent earnings calls. Reuters reported the terms, but no details suggest changes to Hugging Face’s operational structure.
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