Nvidia agrees to buy Hugging Face in roughly $13 billion deal
Nvidia has agreed to buy New York-based AI startup Hugging Face for roughly $13 billion, the latest acquisition by the chip maker amid the AI boom.
Story updates
12:22:40 PM UTC
SquawkNews
Nvidia agrees to buy Hugging Face, an open-source AI platform, in a deal worth roughly $13 billion. The transaction includes a roughly $11.9 billion purchase price for Hugging Face's shareholders and includes an equity-based retention program of up to $1B for Hugging Face employees joining Nvidia…
12:28:05 PM UTC
SquawkNews
Nvidia's agreement to acquire Hugging Face is a show of support for open-source AI models. Nvidia says the deal will give Hugging Face more resources to support the open-source developers who use it. Still, the company notes the risk of government crackdowns on open models, especially from China, s…
Nvidia's agreement to acquire Hugging Face is a show of support for open-source AI models.
Nvidia says the deal will give Hugging Face more resources to support the open-source developers who use it.
Still, the company notes the risk of government crackdowns on open models, especially from China, s…