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Nvidia to acquire AI model repository Hugging Face for $13 billion

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◎ Multiple-sources

The Hugging Face logo in front of shipping containers.

Nvidia is reportedly moving forward to acquire Hugging Face for $12.9 billion.

Key facts

Summary

Among other things, Hugging Face is a cloud repository for AI models, similar in some respects to what GitHub is for conventional computer software. The deal is not finalized, so it could still run into trouble ahead, but both parties appear to be actively pursuing it, according to a report from The Information, which cites one person with knowledge of the matter. Hugging Face reportedly had other companies trying to buy it, too, including Salesforce. Nvidia and several other tech companies have publicly supported the role of open-weight models as alternatives to the proprietary closed-frontier models trained by companies like OpenAI and Anthropic.

#Anthropic #OpenAI #Nvidia #GitHub #The Information