NVIDIA Acquires Hugging Face for $1.29 Billion, Open-Source AI Foundation Joins the Computing Empire
Nvidia plans to acquire Hugging Face for $12.9B. Hugging Face has ~$150M annual revenue and is near profitability; the bid is ~80x revenue. Closed-source labs are reducing reliance on Nvidia hardware; OpenAI partners with Broadcom on custom chips. Nvidia pledged $26B over 5 years for open-source models to capture the ecosystem.....
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