Hugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC
Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."
TL;DR
- Nvidia is acquiring Hugging Face for $12.9 billion.
- Hugging Face will remain an open platform for the AI ecosystem.
- The deal aims to scale Hugging Face's platform and expand AI access.
- Hugging Face CEO Clément Delangue approached Nvidia's CEO Jensen Huang over the summer for the acquisition.
- This is Nvidia's second-largest acquisition on record.
- Nvidia sees open-source AI as providing an "asymmetric advantage" for defenders.