Nvidia to Buy Hugging Face for Nearly $13 Billion as AI Dealmaking Accelerates
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· body · New information from a source
Nvidia agreed to buy Hugging Face for almost $13 billion, according to CNBC, with Cointelegraph putting the price at $12.93 billion and noting the platform is used by more than 18 million developers to share and deploy AI models.Nvidia CEO Jensen Huang said the deal would "expand access to AI for developers and institutions worldwide," according to CNBC.In a separate report, CNBC described the acquisition as a "defensive move" meant to protect Nvidia's open AI ecosystem, deepen ties with developers, and keep the platform out of rivals' hands.MarketWatch examined the broader implications of the deal for the AI industry.Elsewhere in AI infrastructure, a Bitcoin miner is abandoning a mining site for an AI hosting deal that could top $1.2 billion, according to Decrypt, though reaching that figure depends on two contract extensions.An option for additional computing capacity could push the total value above $3 billion, Decrypt reported.- Nvidia has agreed to buy Hugging Face for almost $13 billion, according to CNBC, with Cointelegraph putting the exact price at $12.93 billion.
- The deal gives Nvidia a platform used by more than 18 million developers to share and deploy AI models, per Cointelegraph.
- Nvidia CEO Jensen Huang said the acquisition will "expand access to AI for developers and institutions worldwide," according to CNBC.
- CNBC reported that the purchase is being read as a defensive move meant to protect Nvidia's open AI ecosystem, deepen its ties with developers and keep the Hugging Face platform out of rivals' hands.
- MarketWatch said the deal carries implications for the broader AI industry.
- The acquisition lands alongside other large AI-related spending moves.
· summary · New information from a source
Nvidia agreed to buy Hugging Face for almost $13 billion as a Bitcoin miner pivots to AI hosting and OpenAI commits $1 billion to cyber defense.- Nvidia is buying Hugging Face for almost $13 billion, a deal that lands alongside OpenAI's $1 billion cyber defense push and a Bitcoin miner's shift into AI computing contracts.
· headline · New information from a source
Nvidia's Nearly $13 Billion Hugging Face Acquisition Headlines a Wave of AI Dealmaking- Nvidia to Buy Hugging Face for Nearly $13 Billion as AI Dealmaking Accelerates
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Nvidia has agreed to buy Hugging Face for almost Nvidia agrees to buy Hugging Face for almost $13 billion, expanding further up AI stack.
, according to CNBC, with Cointelegraph putting the exact price at Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models.
. The deal gives Nvidia a platform used by more than Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models.
developers to share and deploy AI models, per Cointelegraph. Nvidia CEO Jensen Huang said the acquisition will “expand access to AI for developers and institutions worldwide,” according to CNBC.
CNBC reported that the purchase is being read as a defensive move meant to protect Nvidia’s open AI ecosystem, deepen its ties with developers and keep the Hugging Face platform out of rivals' hands. MarketWatch said the deal carries implications for the broader AI industry.
The acquisition lands alongside other large AI-related spending moves. OpenAI is putting OpenAI puts $1 billion behind cyber defense after unveiling AI that can find zero-days.
behind cyber defense after unveiling an AI system capable of finding zero-day vulnerabilities, according to CoinDesk. Separately, Decrypt reported that a Bitcoin miner is abandoning a mining site for an AI computing deal that could bring in more than Bitcoin Miner Ditches Site for AI Deal That Could Top $1.2 Billion.
in revenue; that projection depends on two contract extensions, and an option for additional computing capacity could push the total above The projected revenue requires two contract extensions, while an option for more computing capacity could bring the total above $3 billion.
.
Sources: CNBC, MarketWatch, Cointelegraph, Decrypt, CoinDesk
This article is for information only and is not financial advice.
What the market did
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Story so far 11 updates
- digestNvidia to acquire Hugging Face for almost $13 billionfirst reportedcnbc.com
- storyNvidia Agrees to Buy Hugging Face for Nearly $13 Billion in AI Software Pushupdate · 3 sourcescnbc.com · marketwatch.com · cointelegraph.com
- storyNvidia Agrees to Buy Hugging Face for Nearly $13 Billionupdate · 3 sourcescnbc.com · marketwatch.com · cointelegraph.com
- storyNvidia to Acquire AI Platform Hugging Face for Nearly $13 Billionupdate · 3 sourcescnbc.com · marketwatch.com · cointelegraph.com
- storyNvidia Agrees to Buy Hugging Face for Almost $13 Billion, Expanding Into AI Softwareupdate · 4 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co
- storyNvidia Agrees to Buy Hugging Face for $12.93 Billion in AI Pushupdate · 4 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co
- storyNvidia Buys Hugging Face for $12.93 Billion as OpenAI and a Bitcoin Miner Make Separate AI Movesupdate · 5 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co · coindesk.com
- storyNvidia to Buy Hugging Face for $12.93 Billion as OpenAI Pledges $1 Billion to Cyber Defense and a Bitcoin Miner Pivots to AIupdate · 5 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co · coindesk.com
- storyNvidia to Buy Hugging Face for Almost $13 Billion as AI Dealmaking Spreads to Bitcoin Mining and Cybersecurityupdate · 5 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co · coindesk.com
- storyNvidia's Nearly $13 Billion Hugging Face Acquisition Headlines a Wave of AI Dealmakingupdate · 5 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co · coindesk.com
- storyNvidia to Buy Hugging Face for Nearly $13 Billion as AI Dealmaking Acceleratesupdate · 5 sourcescnbc.com · marketwatch.com · cointelegraph.com · decrypt.co · coindesk.com
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