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Nvidia is buying Hugging Face for almost $13 billion

1 min read Source: The Verge AI

What this AI news story is about

Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world's biggest AI chipmaker. Hugging Face is an online platform founded in 2016 that gives…

What happened

Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world’s biggest AI chipmaker.

Hugging Face is an online platform founded in 2016 that gives AI developers a space to share their projects and data with other users and the general public. It’s often described as the “GitHub” for AI due to its browsable library of open-source machine learning models and emphasis on community collaboration features.

“Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for develo …

Read the full story at The Verge.

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Source: The Verge AI • TrueVitaHub summary and available news coverage