NVIDIA to Acquire Hugging Face in US$13bn Deal
Yesterday, NVIDIA agreed to acquire the platform Hugging Face, its CEO Clem Delangue said: "Stay tuned; there’s going to be a lot of exciting stuff"
TL;DR
- NVIDIA is acquiring Hugging Face for $12.93 billion.
- Hugging Face will remain an open platform supporting open-source and open-weight models from all builders.
- The platform will continue to support multi-cloud and multi-accelerator development.
- NVIDIA emphasizes that using Hugging Face will not require NVIDIA compute hardware.
- The acquisition aims to help scale Hugging Face globally and infuse AI into every country and industry.
- Concerns about US tech dominance and potential antitrust issues were addressed by emphasizing the platform's open and neutral nature.
- Hugging Face aims to grow its user base from 18 million to 100 million AI builders with NVIDIA's support.
- NVIDIA has been a significant contributor to Hugging Face, releasing over 500 models and 250 datasets.