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Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away

Nvidia acquires open-source AI platform Hugging Face for $12.9 billion amid competition with closed-source AI providers.

Aug 27 · · primary fetch2 sourcesupdated Aug 27 ·

Nvidia is buying open-source AI platform Hugging Face for $12.9 billion, about 80 times its $150 million annual revenue. The deal fits Nvidia's push to invest billions in open AI models while closed providers like OpenAI and Anthropic move away from Nvidia hardware.

The article Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away appeared first on The Decoder.

read full article on the-decoder.com ↗
§ sources2 publications · timeline below
  1. the-decoder.comNvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull awayprimary
  2. StartupHub.aiNvidia Acquires Hugging Face for $12.9 Billion

§ how this story moved

  1. primary — StartupHub.ai publishes the launch post.
  2. The Decoder picks up coverage.