Nvidia Acquires Hugging Face for $12.9 Billion
Nvidia is acquiring Hugging Face for $12.9 billion to secure access to its 5,000+ AI models and 6 million developers. This move strengthens Nvidia’s ecosystem as the industry shifts toward open-sourc…
Nvidia announced it will buy Hugging Face, the open‑source AI model hub, for $12.9 billion in cash and shares, marking the largest acquisition in the chipmaker’s history. The deal was disclosed on Tuesday during a press briefing at Nvidia’s headquarters in Santa Clara, California. The transaction values Hugging Face at roughly $2.8 billion, a premium over its last funding round, and will give Nvidia direct access to a library of more than 5,000 models and a community of 6 million developers.
The purchase comes as the AI industry shifts from proprietary systems to open‑source platforms that let anyone build and fine‑tune models. Hugging Face has become the go‑to site for developers looking for pre‑trained models in natural language processing, computer vision and speech. Nvidia’s GPUs are the workhorse behind most large‑scale training, and the company has been courting open‑source projects to broaden its ecosystem. The move also counters rivals like Google and Microsoft
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