Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports
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Nvidia (NVDA.O) has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
A deal of that size would mark one of Nvidia's largest acquisitions to date and underscore how the Jensen Huang-led company at the center of the AI boom is betting that demand for the technology is expanding rather than peaking.
It would also give Nvidia control of Hugging Face - which hosts open-source large language models and datasets - at a time when builders of closed-source models such as Anthropic and OpenAI are seeking to create their own chips as an alternative to Nvidia's graphics processing units.
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Nvidia (NVDA.O) has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
A deal of that size would mark one of Nvidia's largest acquisitions to date and underscore how the Jensen Huang-led company at the center of the AI boom is betting that demand for the technology is expanding rather than peaking.
It would also give Nvidia control of Hugging Face - which hosts open-source large language models and datasets - at a time when builders of closed-source models such as Anthropic and OpenAI are seeking to create their own chips as an alternative to Nvidia's graphics processing units.
This is bad. HF is a great repository, if Nvidia takes control we can expect restrictions on what kind of models get uploaded and might not allow the models of those companies that don't play into their corrupt AI speculation schemes.
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