Nvidia Closes $13 Billion Deal to Acquire AI Startup Hugging Face

Nvidia, a leading technology company, has agreed to acquire AI startup Hugging Face for $13 billion. The acquisition is aimed at scaling Hugging Face's platform, strengthening its infrastructure, and expanding access for developers and institutions.

Hugging Face's platform supports over 18 million developers, researchers, and creators who share more than 3 million models, 500,000 datasets, and 1 million applications. Additionally, 200,000 companies use the platform to customize, develop, and deploy AI.

Nvidia CEO Jensen Huang emphasized that Hugging Face will remain an open-source platform under Nvidia's ownership, supporting open weight models and multi-cloud and multi-accelerator development and deployment.