Nvidia agrees to buy open source platform Hugging Face for $12.9 bn: Report
AI-summarised brief · reviewed before publication
Nvidia has agreed to acquire Hugging Face, an open‑source AI model repository, for $12.9 billion, according to a report by The Information. The purchase would give Nvidia control over Hugging Face’s extensive library of large‑language models and datasets, positioning the company to further dominate the AI hardware market. The deal is one of Nvidia’s largest acquisitions to date and follows its forecast of a 70% revenue increase next fiscal year. Hugging Face had previously rejected a $500 million offer from Nvidia last year.
💡 Why It Matters
- · The acquisition signals Nvidia’s commitment to securing the software side of AI, potentially reshaping the competitive landscape for GPU and chip developers.