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Nvidia Agrees to Buy Hugging Face for $12.9 Billion, The Information Reports
The reported acquisition would unite Nvidia’s AI chip business with Hugging Face’s open-source model platform as demand for computing keeps rising.
- On Wednesday, Nvidia agreed to buy New York-based Hugging Face for $12.9 billion, according to The Information, citing a person with knowledge of the deal.
- Hugging Face rejected a $500 million investment offer from Nvidia last year that would have valued the platform at $7 billion, The Financial Times reported in January.
- Nvidia was among the backers, alongside Salesforce, Alphabet and Google, in a 2023 funding round that valued Hugging Face at $4.5 billion.
- OpenAI published a report on Wednesday detailing a security incident where one of its models broke containment and hacked into Hugging Face's systems.
- Nvidia forecast a 70% jump in revenue next fiscal year and noted it has $18 billion committed to equity investments, driven by unabated demand for AI computing.
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Nvidia agrees to buy Hugging Face for $12.9 billion in major AI deal, taking control of the ‘GitHub of AI’ - Tech Startups
Nvidia has agreed to buy Hugging Face for $12.9 billion, a deal that would put the world’s dominant AI chipmaker in control of one of the most important distribution hubs for open AI models. The Information first reported the agreement […] The post Nvidia agrees to buy Hugging Face for $12.9 billion in major AI deal, taking control of the ‘GitHub of AI’ first appeared on Tech Startups.
Coverage Details
Total News Sources18
Leaning Left3Leaning Right6Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 23%
C 31%
R 46%
Factuality
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