Nvidia acquired the Hugging Face platform for $12.93 billion

Nvidia has officially announced the acquisition of the Hugging Face platform for $12.93 billion. The deal will enable Nvidia to scale Hugging Face's infrastructure and expand access to artificial intelligence for developers and organizations worldwide.

Hugging Face is a developer platform where AI models, datasets, and tools can be hosted, downloaded, and tested for free. It is used by over 18 million developers, researchers, and content creators — the platform hosts more than 3 million models, 500,000 datasets, and 1 million applications. Over 200,000 companies use the platform.

Hugging Face was founded in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond, and Thomas Wolf. In 2023, the company raised $235 million at a valuation of $4.5 billion — the round included Nvidia alongside Google, Salesforce, Amazon, Intel, AMD, Qualcomm, and IBM. According to The Information, Hugging Face's annual revenue is approximately $150 million.

Nvidia assured that Hugging Face will remain an open platform for the entire AI ecosystem — developers will be able to independently choose models, cloud services, infrastructure providers, and computing platforms, without requiring the use of Nvidia resources. The company also stated that it is already the largest contributor of open models and data on the platform — Nvidia has hosted more than 500 models and over 250 open datasets on Hugging Face.

Source: NVIDIA Blog