Nvidia to Acquire Hugging Face for $12.93 Billion

Nvidia ($NVDA) agreed to acquire AI developer platform Hugging Face for $12.93 billion, expanding its position in open AI models and developer infrastructure. Nvidia said Hugging Face will remain open to competing models, clouds and computing platforms, with Nvidia hardware not required to use the platform.

• Nvidia will pay approximately $11.9 billion to Hugging Face investors and provide up to $1 billion in equity-based retention awards for employees joining Nvidia.
• Hugging Face says its platform serves more than 18 million developers and 200,000 companies, hosting over 3 million models, 500,000 datasets and 1 million applications.
• Nvidia has published more than 500 models and 250 open datasets on Hugging Face.
• Hugging Face will continue supporting open-source and open-weight models alongside multi-cloud and multi-accelerator deployment.
• The startup's investors include Intel, AMD and Amazon.

Relevant Companies

• Nvidia ($NVDA) - The acquisition adds a major AI model and developer platform to its ecosystem.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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