Nvidia Agrees To Buy Hugging Face For ₹1.23 Lakh Crore In A Bid To Strengthen Its Foothold In The AI Industry

Nvidia has agreed to acquire Hugging Face, the widely used open-source AI model repository, for $12.9 billion (roughly Rs. 1.23 lakh crore). Hugging Face, based in New York, operates a platform often described as the 'GitHub of AI', hosting a vast library of open-source large language models, datasets and developer tools spanning natural language processing and computer vision.

This update was first reported by The Information. The deal would give Nvidia, which already dominates the hardware used to train and run many of the models on Hugging Face's platform, a significant foothold higher up the AI stack, at the layer where developers discover, share, optimise and deploy models.

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A steep price jump from its last valuation