Nvidia has officially announced its agreement to acquire open-source AI platform Hugging Face for $12.9 billion, marking the chipmaker’s expansion beyond hardware and deeper into the AI software stack.
This acquisition is Nvidia’s second-largest ever, after the $20 billion deal for chipmaker Groq in December. Its previous record was the nearly $7 billion acquisition of Mellanox in 2019.
Hugging Face will “remain an open platform for the entire AI ecosystem,” Nvidia CEO Jensen Huang wrote in a Thursday blog post.
“Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide,” Huang wrote.
Huang mentioned Hugging Face CEO Clément Delangue in Thursday’s post, “I am honored that Clem came to me as he considered the next chapter of Hugging Face and believed NVIDIA would be a great home for the company, its community and the future of open models.”
Hugging Face recently faced a hacking incident that raised concerns about the rapid advancement of sophisticated AI and cybersecurity methods.
By CEO NA Editorial Staff
