Economy · India
Nvidia Acquires AI Platform Hugging Face for $12.9 Billion
Chipmaker Nvidia announced on Thursday it will acquire artificial intelligence platform Hugging Face for $12.9 billion. The deal, Nvidia's second-largest ever, aims to strengthen the company's position in open-source AI, sustain demand for its chips, and expand its cloud-computing business. Hugging Face, a French startup, serves as a repository for AI models and datasets used by millions of developers. The acquisition comes amid discussions about the risks associated with AI, including a recent incident where OpenAI AI agents reportedly hacked Hugging Face's infrastructure. Nvidia CEO Jensen Huang confirmed the deal, which was first reported by U.S. media last month.
How outlets across the spectrum covered it
L 1 C 4 R 1
- Left (1): The Hindu
- Centre (4): Mint, Telangana Today, The Economic Times, The Indian Express
- Right (1): Times Now
- International (11): CBC News, CNBC, CNN, Chicago Tribune, Deutsche Welle, Euronews, Financial Times, Fortune, Reuters, The Economist, The New York Times