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Nvidia Agrees to Buy Hugging Face for $12.9 Billion

Nvidia has agreed to acquire AI developer platform Hugging Face in a $12.9 billion deal. The acquisition gives Nvidia control of a leading open-source AI platform and developer community, with reports noting the company is betting that support for open AI models could help offset any slowdown in demand for its chips.

3-source coverage 3 references
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Nvidia Buys Hugging Face in $12.9 Billion Deal NYTimes – Business
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What the sources add

The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.

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Media reports

Nvidia strikes $12.9bn deal to buy AI platform Hugging FaceBBC News – Business
BBC

Nvidia strikes $12.9bn deal to buy AI platform Hugging Face

Lead source Read at BBC
Nvidia Buys Hugging Face in $12.9 Billion DealNYTimes – Business
NYT

Nvidia Buys Hugging Face in $12.9 Billion Deal

The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.

Reference 02 Read at NYT
Business
Guardian

Nvidia to buy developer platform Hugging Face in $12.9bn deal

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips. Shares ⁠in Nvidia were ⁠slightly lower ​after the $12.93bn (£9.57bn) deal – which ranks among its biggest eve…

Reference 03 Read at Guardian
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