Nvidia Agrees to Acquire AI Platform Hugging Face for Nearly $13 Billion

Nvidia Up on Acquisition; Snowflake Jumps on Outlook | Stock Movers

On this episode of Stock Movers: - Nvidia (NDVA) shares are a tick higher this morning as it has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion. - Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter...

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

There's an Easter egg hiding inside the $12.9303 billion price tag of the Nvidia-Hugging Face deal

There's a hidden puzzle in the deal price between Nvidia and Hugging Face. Matt RAMEY / AFP via Getty Images; Chip Somodevilla/Getty Images Nvidia and Hugging Face hid an Easter egg in its $12.9303 billion acquisition price. Techies raced to solve the puzzle. They quickly found a connection to the hugging face emoji. The Nvidia tie proved trickier. Look closely at the Nvidia-Hugging Face deal number. Hugging Face cofounder Thomas Wolf snuck a parenthetical into his announcement of the compa...

Nvidia Is Acquiring Hugging Face For Almost $13 Billion

Nvidia CEO Jensen Huang said Hugging Face would remain an “open platform for the entire AI ecosystem.”

By Zachary Folk, Forbes Staff

Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face

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 acquire Hugging Face for $12.9B

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

By Investing.com

Nvidia to buy Hugging Face for nearly $13 billion in major open AI push

By Reuters

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 AI platform Hugging Face for $12.9 bn - Tech - Business - Ahram Online

Nvidia to buy AI platform Hugging Face for $12.9 bn - Tech - Business  Ahram Online

NVIDIA To Buy Hugging Face For $12.9 Billion

NVIDIA To Buy Hugging Face For $12.9 Billion Nvidia has agreed to buy AI startup Hugging Face for roughly $12.93 billion, putting the world's most important open-model hub under the same roof as the most dominant AI chip company on the planet, according to The Wall Street Journal.  Image via FT CEO Jensen Huang announced the deal on Thursday, a day after NVIDIA filed that it had signed a definitive agreement. The transaction includes about $11.9 billion for Hugging Face stockh...

By Tyler Durden

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