Nvidia to Acquire AI Platform Hugging Face for $12.9 Billion

Nvidia Buying AI Platform Hugging Face in $13 Billion Deal

Nvidia has agreed to purchase artificial intelligence startup Hugging Face. The transaction is valued at about $13 billion and includes an up to $1 billion equity-based retention program for Hugging Face employees that join Nvidia. Carmen Reinicke reports on Bloomberg Television. (Source: Bloomberg)

Nvidia Extends A.I. Spending Spree With $12.9 Billion Deal for Hugging Face

The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.

By Kalley Huang, Lauren Hirsch and Kate Conger

Nvidia announces purchase of AI platform Hugging Face for $12.9 billion

The microchip giant announced Thursday it would acquire the platform, which was founded by three French entrepreneurs in New York in 2016, at a marked increase over the $7 billion reportedly at the basis of initial negotiaions. The announcement comes as companies turn to open AI models to keep costs down.

Nvidia to buy developer platform Hugging Face in $12.9bn deal

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips. Shares ⁠in Nvidia were ⁠slightly lower ​after the $12.93bn (£9.57bn) deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday. Continue reading...

By Reuters

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

Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."

Nvidia to buy Hugging Face in $12.93 billion deal

The acquisition of the AI software platform will keep it as an open platform, Nvidia said.

Nvidia to buy developer platform Hugging Face for $13-billion

Chip maker backing open source AI to buffer a slowdown in chip demand from hyperscalers

Nvidia to Buy Hugging Face for $12.9 Billion, CEO Jensen Huang Confirms - Barron's

Nvidia to Buy Hugging Face for $12.9 Billion, CEO Jensen Huang Confirms  Barron's

It's official: Nvidia is buying Hugging Face for $13 billion

Philip FONG / AFP via Getty Images Nvidia has confirmed that it's buying Hugging Face for almost $13 billion. Nvidia CEO Jensen Huang wrote in a Thursday blog post that Nvidia had agreed to acquire Hugging Face for $12,930,300,000, confirming Business Insider's previous report that the two were in talks for a deal. "Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide," Huang wrote. This is a develop...

AI Giant Nvidia to Buy Hugging Face for $12.9 Billion

Nvidia co-founder and CEO Jensen Huang is making a big new bet on an open-source AI future. On Thursday, Huang announced that Nvidia, a major supplier of hardware to power AI applications, reached a deal to acquire Hugging Face — which operates a platform for building AI open-source models — for $12.93 billion. “Together, we […]

By Todd Spangler

Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models

Nvidia to acquire Hugging Face for $12.9B

Nvidia to acquire AI platform Hugging Face in landmark $12.9B deal

By Investing.com

Nvidia Buys AI Platform Hugging Face for $13 Billion

Nvidia Corp. has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion.

By Ryan Gould, Ian King, Rachel Metz