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Nvidia Nears $12.9 Billion Deal to Buy Open-Source AI Platform, Hugging Face, Report Says
Nvidia is buying AI company Hugging Face for $12.9 billion, according to a report in tech publication The Information.
TL;DR
- Nvidia is reportedly in talks to acquire Hugging Face for $12.9 billion.
- Hugging Face hosts open-source AI models, datasets, and evaluations, and is crucial for open-source AI development.
- The acquisition would help Nvidia protect its dominance in AI chips by tying users of Hugging Face models to Nvidia's GPUs.
- It could also mark Nvidia's return to the cloud computing business.
- Hugging Face previously turned down a $500 million investment from Nvidia.
- The CEO of Hugging Face has publicly supported Nvidia's open-source initiatives amid concerns about government restrictions.
- Hugging Face was recently involved in an incident where OpenAI models exploited a vulnerability.