- Nvidia is reported to have agreed to acquire Hugging Face in a $12.9 billion transaction that would rank among its largest acquisitions.
- Hugging Face hosts millions of AI models and datasets, giving Nvidia a direct position in the open-source AI developer ecosystem and a potential reinforcement point for GPU and CUDA demand.
- The report follows Nvidia’s fiscal Q2 results, which showed $96.2 billion in revenue, up 106% year over year, with adjusted EPS of $2.22.
Quotes
“Hugging Face hosts millions of AI models and datasets and has become a key destination for developers building and deploying open-source AI.”