NVIDIA has agreed to acquire Hugging Face in an all-money deal valued at $12.93 billion. The acquisition targets platform growth and infrastructure investment, aiming to expand AI access for enterprise developers, software engineers, and research institutions globally.
The transaction was announced earlier this month, with details not disclosed until now. NVIDIA is investing heavily in the open-source model repository Hugging Face, which has been built over the past decade by a team of experts including Clem Delangue, Julien Chaumond, Thomas Wolf, and their colleagues. The platform provides a centralized location for developers to share and collaborate on AI models.
The acquisition aims to further enhance NVIDIA's presence in the AI market, as it provides access to Hugging Face's extensive repository of pre-trained models and infrastructure. By integrating Hugging Face's technology into its own platforms and products, NVIDIA can expand its capabilities in machine learning and artificial intelligence research. The deal is expected to close within several months and will require regulatory approval from various stakeholders.