Nvidia bets $12.9B on open-source AI with Hugging Face
nvidia agrees to acquire hugging face for $12.9 billion to access and promote open-source ai models and data sets.
nvidia has agreed to acquire hugging face, a platform for open-source ai models and data sets, for $12.9 billion. the acquisition will give nvidia access to hugging face's massive library of open-source data sets and models. nvidia ceo jensen huang said open models let startups and businesses build on advanced capabilities without training every model from scratch. the deal reflects nvidia's position that open-weights models are better for the tech industry than closed, proprietary ai models. this acquisition affects developers and the ai industry, potentially changing how ai models are developed and used.