AI NEWS
Nvidia confirms it will buy Hugging Face for $12.9 billion
Nvidia has officially confirmed the acquisition of Hugging Face for $12.93 billion, marking a major consolidation in the AI sector. The deal aims to merge Nvidia's dominant hardware infrastructure with Hugging Face's vast open-source ecosystem, which hosts millions of models and serves over 18 million developers. Despite concerns about potential shifts toward closed systems, Nvidia CEO Jensen Huang has pledged that Hugging Face will remain an open platform where developers retain full control over their chosen frameworks and cloud providers. This strategic move underscores Nvidia's commitment to fostering an open AI environment while leveraging its compute power to scale enterprise solutions.
THE NEWS
What happened
Nvidia has officially confirmed the acquisition of Hugging Face for $12.93 billion, marking a major consolidation in the AI sector. The deal aims to merge Nvidia's dominant hardware infrastructure with Hugging Face's vast open-source ecosystem, which hosts millions of models and serves over 18 million developers. Despite concerns about potential shifts toward closed systems, Nvidia CEO Jensen Huang has pledged that Hugging Face will remain an open platform where developers retain full control over their chosen frameworks and cloud providers. This strategic move underscores Nvidia's commitment to fostering an open AI environment while leveraging its compute power to scale enterprise solutions.
CONTEXT
Why it matters
Breaking: Nvidia has officially acquired Hugging Face for $12.93 billion. This massive deal combines Nvidia's leading AI hardware with Hugging Face's vast open-source model ecosystem, serving over 18 million developers globally. Despite the acquisition, Nvidia CEO Jensen Huang has promised that Hugging Face will remain an open platform where developers retain full control over their chosen frameworks and cloud providers. The move signals a strategic shift to consolidate the open AI landscape while leveraging Nvidia's compute power for enterprise scalability.
AT A GLANCE
Key facts
- Nvidia acquired Hugging Face for $12.93 billion after weeks of speculation.
- Hugging Face hosts three million models, one million applications, and half a million datasets used by over 18 million developers.
- Nvidia CEO Jensen Huang confirmed that Hugging Face will remain an open platform where developers choose their own frameworks, clouds, and inference providers.
- Hugging Face previously rejected a $500 million offer from Nvidia in 2025 before the current deal was finalized.
- The acquisition aligns with Nvidia's broader strategy of investing over $50 billion into AI frontier labs and developing open models for cybersecurity applications.
- Hugging Face has raised over $395 million in funding, with its last major round led by Salesforce Ventures in 2023.
SOURCE
Original source
This article is based on information published by TechCrunch AI.
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