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Nvidia Acquires Hugging Face for $12.9 Billion

Guavy AI Editorial Team
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NVDA
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Nvidia, a leading US chipmaker, is set to acquire AI developer platform Hugging Face for approximately $12.9 billion. This significant deal was announced by Jensen Huang, CEO of Nvidia, in a recent statement.

Huang noted that more than 18 million developers, researchers, and creators rely on Hugging Face to share over 3 million models, 500,000 datasets, and 1 million applications. Additionally, he mentioned that over 200,000 companies use the platform to discover, evaluate, customize, and deploy AI.

Huang emphasized that Hugging Face will remain an open platform for the entire AI ecosystem, with Nvidia's compute not being required to build on or deploy through the platform.

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