AIQuiet 24d · day 25
Nvidia to acquire Hugging Face for $12.9 billion
The French AI platform that hosts 2M models and 18M users sells to the chip giant, marking a major consolidation in open-source AI.
What to know
- Nvidia is acquiring Hugging Face, the French-founded AI platform hosting 2M+ models and 18M users, for $12.9 billion.
- Hugging Face specializes in open-source and open-weight AI models, positioning itself against closed models from OpenAI, Anthropic, and Google.
- The platform became prominent after ChatGPT's launch and now serves as the world's reference library for AI.
- The acquisition marks Hugging Face's first major exit after repeatedly rejecting previous stake purchases and takeover offers.
Clement Delangue Co-founder of Hugging FaceJulien Chaumond Co-founder of Hugging FaceThomas Wolf Co-founder of Hugging FaceNvidia Acquiring company
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