Nvidia buys Hugging Face for $12.93 billion
nvidia agreed to buy hugging face, a github-like open-source ai repository, for $12.93 billion, gaining a strategic foothold in the open-source ai market.
nvidia has agreed to buy hugging face for $12.93 billion, bringing one of the most popular hosting platforms for open-source ai models, datasets, and tools under the ownership of the world’s biggest ai chipmaker. hugging face is an online platform founded in 2016 that gives ai developers a space to share their projects and data with other users and the general public. the startup was last valued at $4.5 billion in 2023 and has recently been generating around $150 million in annualized revenue. this acquisition gives nvidia a strategic foothold to help preserve its ai hardware dominance.