Nvidia to buy developer platform Hugging Face in 12.9bn deal

Nvidia's acquisition of Hugging Face will give it direct access to platform developers use to collaborate, test and share tools Nvidia's acquisition of Hugging Face will give it direct access to platform developers use to collaborate, test and share tools Nvidia to buy developer platform Hugging Face in $12.9bn deal Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant's chips. Shares in Nvidia were slightly lower after the $12.93bn (£9.57bn) deal - which ranks among its biggest ever - was announced for the database of AI models on Thursday. The New York-based startup Hugging Face, which is backed by Intel, Advanced Micro Devices and Amazon, was founded in 2016 by the French entrepreneurs Clément Delangue, Julien Chaumond and Thomas Wolf. Nvidia's quarterly revenue doubles to nearly $100bn as CEO declares'golden age' The chipmaker is already a major open AI player in the US with its widely used Nemotron model and vocal support for the technology. Acquiring Hugging Face will give it direct access to a platform developers use to collaborate, test and share tools, potentially providing insight and data that could help it narrow the technology gap with top American and Chinese labs.