Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away
- Hugging Face: 19 events in the last 90 days
- Previous: earlier the same day · OpenAI says it detected malign activity months before Hugging Face attack
What happened
Nvidia is buying open-source AI platform Hugging Face for $12.9 billion, about 80 times its $150 million annual revenue. The deal fits Nvidia's push to invest billions in open AI models while closed providers like OpenAI and Anthropic move away from Nvidia hardware.
Summary assembled by rule from the sources below