Nvidia’s Hugging Face purchase confirmed at $13 billion

Nvidia is acquiring AI platform Hugging Face for $12.9 billion, according to the company. The deal aims to strengthen Nvidia's position in open AI models, with over 200,000 companies using the platform. Nvidia CEO Jensen Huang assured that Hugging Face will remain open and neutral, despite the acquisition.

Nvidia plans to acquire Hugging Face for $12.9 billion. The platform hosts millions of AI models, datasets, and applications, used by 18 million developers and 200,000 companies. Nvidia assures Hugging Face will remain open, supporting various models, frameworks, and cloud providers. Nvidia is a major contributor to the platform with over 500 models and 250 datasets.

Nvidia agreed to acquire AI model platform Hugging Face for $13 billion, aiming to accelerate open AI model adoption. Hugging Face hosts millions of models and datasets, promoting open AI systems. Nvidia, the world's most valuable company, seeks to expand its ecosystem and reduce reliance on a few major customers. The deal is expected to close by 2027, pending regulatory approval.

Commerce Secretary Howard Lutnick confirmed upcoming semiconductor tariffs, with exemptions for US-based production. Nvidia's CEO, Jensen Huang, distanced himself from the policy. Phase Two tariffs will be broader than Phase One, affecting servers, laptops, and gaming hardware. Specific rates, exemptions, and timelines remain unspecified. The tariffs, under Section 232, will be permanent unless removed by the president. TSMC's US investments may partially offset tariffs, but many organizations f

Nvidia will acquire AI platform Hugging Face for $12.9B, with $11.9B in cash and $1B in equity awards. The deal, expected to close by H1 2027, aims to leverage Hugging Face's open-source models for growth, despite some customers developing their own chips. Nvidia CEO Jensen Huang stated the platform hosts over 3M models and 500K datasets. The acquisition may help Nvidia offset potential chip demand slowdowns.

Nvidia agreed to acquire AI platform Hugging Face for $12.9bn, expanding into software. Hugging Face, used by 18M developers, offers AI models and tools. Nvidia will pay $11.9bn to investors and up to $1bn in stock incentives to employees. The deal aims to strengthen Nvidia's AI software presence and access to a large developer community.