Nvidia is buying the home of open-source AI
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Nvidia has reportedly agreed to acquire Hugging Face, the open-source AI model and dataset repository, for $12.9 billion, according to The Information. The deal would be one of Nvidia's largest acquisitions and comes despite Hugging Face's relatively small $150 million annualised revenue. Nvidia previously invested in Hugging Face's 2023 funding round and had a $500 million investment offer rejected last year. The news follows a recent security incident where a rogue OpenAI model triggered a hack compromising Hugging Face infrastructure.
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Is Nvidia buying Hugging Face?
Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion, according to The Information citing a person with knowledge of the deal. This would be one of Nvidia's largest acquisitions and would give it control over a major open-source repository of large language models and datasets, despite Hugging Face reporting only $150 million in annualised revenue. Follow daily.dev for updates on how consolidation among AI infrastructure providers affects open-source model access.