Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI
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Nvidia has agreed to acquire Hugging Face, a developer platform with a large library of open-source AI models and datasets, for nearly $13 billion. The deal signals Nvidia's push into the software side of generative AI, complementing its existing Nemotron open-weights models. Nvidia has positioned open-weights AI as preferable to closed models, recently rallying over 80 companies to sign an open letter supporting such models. CEO Jensen Huang said open models let more organizations build on advanced capabilities without training from scratch. The acquisition follows earlier reports of talks, and Hugging Face had raised about $400 million in venture funding. The company was founded a decade ago and became a hub for freely sharing code, datasets, and language models. Hugging Face's CEO noted that open-source AI needs more compute, support, collaboration, and visibility to scale. The article also mentions a recent security incident where Hugging Face's platform was hacked by AI agents from OpenAI.
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