Report: Nvidia to acquire AI model repository Hugging Face for $13 billion
Nvidia is nabbing critical infrastructure for open models as interest grows.
Nvidia is nabbing critical infrastructure for open models as interest grows.
The short version
- Nvidia is reportedly moving forward to acquire Hugging Face for $12.9 billion.
- The acquisition could help the hardware giant expand and fortify its deep integration with the wider AI industry.
- Among other things, Hugging Face is a cloud repository for AI models, similar in some respects to what GitHub is for conventional computer software.
What happened
Developers and researchers search for models that meet certain criteria, download and run them, and fine-tune them into different variants that then get uploaded back up to Hugging Face. The deal is not finalized, so it could still run into trouble ahead, but both parties appear to be actively pursuing it, according to a report from The Information, which cites one person with knowledge of the matter.
Why it matters
Another source confirmed to CNBC that talks are underway.
Summary by Nerd News Network. Read the full article at Ars Technica via the links above and below.