Observed Signal · Feb 7, 2023 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Neutral
Getty Images Sues Stability AI Over Stable Diffusion Copyright Infringement
Nvidia announced it is acquiring Hugging Face, the AI model hosting platform, for $12.93 billion, according to CEO Jensen Huang. Hugging Face, founded by Clément Delangue, Julien Chaumond, and Thomas Wolf, hosts over three million models, 500,000 datasets, and one million applications, serving more than 18 million developers and 200,000 companies. Huang said the deal will bring Nvidia's infrastructure and engineering resources to scale the platform while preserving its open ecosystem. He promised Hugging Face will remain open to all models, frameworks, clouds, and compute platforms, and that Nvidia compute would not be required. Nvidia had previously participated in Hugging Face's last major funding round, which valued the company at $4.5 billion. The acquisition is not yet closed and is expected to face antitrust review. Hugging Face's team and brand will remain.
Nvidia, the dominant AI chip maker, is acquiring the largest open-source AI model hub, reshaping AI infrastructure and model distribution; relevant to AdTech's growing reliance on AI models.
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Key Takeaways & Evidence Grounding
- Nvidia announced the acquisition of Hugging Face for $12.93 billion.
- Hugging Face hosts more than 3 million models, 500,000 datasets, and 1 million applications.
- Over 18 million developers and 200,000 companies use the Hugging Face platform.
- Nvidia stated Hugging Face will remain an open, multi-cloud platform and Nvidia compute will not be required.
- Hugging Face was valued at $4.5 billion in its last major funding round, which included Salesforce, Google, Amazon, AMD, Intel, Qualcomm, and IBM.
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