Industry2h ago
Nvidia Acquires Hugging Face For $12.9 Billion
Nvidia paid $12.9 billion to acquire Hugging Face, a valuation roughly 80 times the platform's annual revenue. This move secures Nvidia's grip on the open-source ecosystem. It counters the trend of closed labs developing proprietary hardware. Practitioners now face a more consolidated pipeline between the industry's primary chipmaker and its largest model repository.