1 hr ago
Nvidia Says It Will Acquire Hugging Face in AI Deal
Nvidia says it plans to buy Hugging Face, a large online community for artificial intelligence tools.
Hugging Face lets people find, test, change and use AI models.
It has millions of models, datasets and applications.
More than 18 million developers, researchers and creators use the platform, according to the article.
Nvidia says the website will stay open to different companies, computers and cloud services.
People will not have to use Nvidia hardware to build or deploy AI through it.
Nvidia says the purchase will provide more infrastructure, engineering help and global reach.
The article reports different figures for the deal’s value, so the exact price is unclear from the supplied information.
Nvidia CEO Jensen Huang said the company agreed to acquire Hugging Face.
The article gives conflicting valuations: ₹1.24 lakh crore in the headline and about ₹12.48 lakh crore in the body.
Hugging Face hosts more than 3 million models, 500,000 datasets and 1 million applications.
Nvidia says Hugging Face will remain open, multi-cloud and compatible with different computing hardware.
Hugging Face co-founder Clem Delangue is expected to lead the company under Nvidia’s ownership and existing brand.
- Who
- Nvidia and Hugging Face are involved; Jensen Huang announced the agreement, and Clem Delangue is a co-founder of Hugging Face.
- What
- Nvidia has agreed to acquire Hugging Face, an open-source AI model repository and platform.
- Where
- The announcement concerned Hugging Face’s global platform, which operates across cloud services and computing hardware.
- When
- The timing is not specified; the announcement was made in an official post by Jensen Huang.
- Why
- Nvidia says the acquisition will scale Hugging Face, expand access to AI and strengthen reliability, safety, evaluation, inference and deployment capabilities.
Key facts
- Acquirer
- Nvidia
- Target
- Hugging Face
- Reported valuation
- The headline says ₹1.24 lakh crore, while the article body says $12,930,300,000, approximately ₹12,47,774 crore.
- Hugging Face models
- More than 3 million
- Hugging Face datasets
- More than 500,000
- Hugging Face users
- Around 18 million developers, researchers and creators
- Companies using the platform
- More than 200,000
Sources
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