Nvidia agrees to buy Hugging Face for almost $13 billion, expanding up AI stack

CNBC's Becky Quick reports on the latest news on Nvidia.

TL;DR

Nvidia agrees to acquire Hugging Face.
The deal is valued at almost $13 billion.
The acquisition aims to expand Nvidia's AI stack.

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Elon Musk reposted

clem 🤗

Super happy to share our intention to join forces with NVIDIA in a $12,930,300,000 acquisition 💛💚

10 years after starting Hugging Face, open-source AI is at an inflection point. Thanks to the community, we’ve shown that it can be a complement, and even an alternative, to closed-source APIs. But for it to happen at larger scale, it needs more compute, more support, more collaboration and more visibility. That’s why we went to talk to Jensen, who offered to do exactly that with us.

In addition to doubling down on NVIDIA’s massive contributions to open-source AI (I called them the “King of American open-source AI” earlier this year), they’ve committed to strongly supporting Hugging Face and our mission while keeping the platform open, independent and compute agnostic. The founders and the team are all staying to keep pushing this mission forward.

Together, we think we can make open source the default way to build AI, with the goal of empowering 100 million AI builders to own their intelligence rather than rent it.

Excited about the next 10 years! 🤗🤗🤗

clem 🤗 reposted

yags

The announcement of @nvidia's acquisition of @huggingface on the same morning that Claude, ChatGPT, and Grok are all down shows the importance of owning your AI. Glad we'll have such a strong open model ecosystem with nvidia and HF joining forces.

clem 🤗 reposted

Georgi Gerganov

Hugging Face has been acquired by NVIDIA

It is quite exciting to be a part of this journey! NVIDIA has been an active supporter of the llama.cpp project. For more than a year now, their engineers have actively contributed to the codebase, collaborated with the community and provisioned hardware for development and testing purposes. The local AI ecosystem has largely benefited from our joint efforts.

Going forward, llama.cpp/ggml will stick to its founding principles. One of the most important qualities of the project is to be hardware-agnostic. Therefore the development and support of all backends will continue to be done as usual - driven and shaped by the community. Open to everyone who is willing to participate. The existence of such an independent software platform is crucial for the rapid adoption of AI locally and for bringing it closer to the user.

Now, with such a significant partner as NVIDIA supporting us, in addition to the wider Hugging Face team, I believe that our long-term goals will be easier to achieve. We will remain focused on building one of the most exciting projects based on the most exciting technology of our lifetime and making it truly available to everyone in the most accessible and efficient way possible.

clem 🤗 reposted

dnap

Chamath says Nvidia's Hugging Face acquisition is as a massive move against AI becoming a closed source oligopoly

"Jensen and I were texting this morning. I said to him, this is the most incredible thing that you've done. This Hugging Face thing will go down as one of the most important transactions in AI."

"Because you are creating now in the largest competitor, and the largest, most well capitalized company, a bulwark against all of this closed source oligopoly insanity."

"At the same time, you're actually creating more rational competition up and down the stack. Everybody is becoming everything. $NVDA will look like Amazon, Amazon will look like $NVDA, Google will look like Amazon and $NVDA, etc, etc, etc."

"I don't want to be rug pulled and end up in an oligopoly or duopoly market structure because of a hysteria that was manmade."