Nvidia closes in on Hugging Face acquisition
TechCrunch Connie Loizos ● Covered by 2 sources
Nvidia has agreed to buy Hugging Face in a reported acquisition agreement in talks that were still unsigned. The reported price is $12.9 billion, valuing Hugging Face at more than $13 billion. If completed, Nvidia would gain a major role in open-source AI and a way back into cloud computing by using Hugging Face’s model-running ecosystem.
Why it matters
Nvidia has reportedly agreed to buy Hugging Face, the popular open-source AI hub, for $12.9 billion in a move that would let Nvidia both protect its chip empire and jump back into the cloud business.
