Nvidia (NVDA) on Thursday confirmed its plans to acquire the open-weight AI platform Hugging Face for roughly $13 billion, sending its shares up roughly 2%.
The deal will see Nvidia pay $12.93 billion for the platform, per a press release. More than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, and more than 200,000 companies use the platform to discover and deploy AI, Nvidia said.
The move highlights how Nvidia has thrown its weight behind open-weight AI models. In a statement, Nvidia said Hugging Face would remain "an open platform for the entire AI ecosystem," that the company would continue to support open-weight and open-source AI models, and that Nvidia itself is the largest contributor of open models and data to the Hugging Face platform.
In a call following the announcement, Nvidia enterprise computing general manager Justin Boitano said the company "believe[s] in having a healthy ecosystem of closed models and open models leads to a world where you're going to continue to train these models and run these models at scale."
The only way for the Hugging Face user base to grow, Boitano said, is to keep giving those developers optionality in terms of the hardware, clouds, and other parts of the stack that they build on, even if "Nvidia will benefit from the training that's done and the inference that's done on our hardware."
#face #billion
The deal will see Nvidia pay $12.93 billion for the platform, per a press release. More than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, and more than 200,000 companies use the platform to discover and deploy AI, Nvidia said.
The move highlights how Nvidia has thrown its weight behind open-weight AI models. In a statement, Nvidia said Hugging Face would remain "an open platform for the entire AI ecosystem," that the company would continue to support open-weight and open-source AI models, and that Nvidia itself is the largest contributor of open models and data to the Hugging Face platform.
In a call following the announcement, Nvidia enterprise computing general manager Justin Boitano said the company "believe[s] in having a healthy ecosystem of closed models and open models leads to a world where you're going to continue to train these models and run these models at scale."
The only way for the Hugging Face user base to grow, Boitano said, is to keep giving those developers optionality in terms of the hardware, clouds, and other parts of the stack that they build on, even if "Nvidia will benefit from the training that's done and the inference that's done on our hardware."
#face #billion
12 days ago
