NVIDIA to acquire Hugging Face for $12.93 billion

NVIDIA (NASDAQ: NVDA) has agreed to acquire Hugging Face, an open-source AI platform, for $12,930,300,000, according to a statement from the company.

Hugging Face hosts more than 18 million developers, researchers, and creators who share over 3 million models, 500,000 datasets, and 1 million applications. More than 200,000 companies use the platform to discover, evaluate, customize, and deploy AI.

NVIDIA said Hugging Face will remain an open platform following the acquisition. Developers will retain the ability to choose their preferred models, frameworks, cloud providers, inference services, and computing platforms. NVIDIA said its own compute will not be required to build on or deploy through Hugging Face.

The platform will continue to support open-source and open-weight models from across the ecosystem, as well as multi-cloud and multi-accelerator development and deployment.

NVIDIA describes itself as the largest contributor of open models and data to Hugging Face, stating it has released more than 500 models and more than 250 open datasets on the platform.

NVIDIA said the Hugging Face team will continue operating under the same brand following the close of the deal.

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