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🇦🇹 Austria /Technology

Nvidia offers $13 billion for AI software platform Hugging Face

From Der Standard · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News From a news agency New plan
  • Nvidia has offered nearly $13 billion to acquire Hugging Face, a platform where developers download and modify openly available AI models.
  • The proposed acquisition would give the U.S. chipmaker a major position in open-source artificial intelligence.
  • Hugging Face also provides a platform where programmers collaborate on AI development.

Nvidia is seeking to enter the open-source artificial intelligence business with a proposed acquisition of Hugging Face worth nearly $13 billion.

The U.S. chipmaker submitted the offer on Thursday for the software platform, which is widely used by AI developers. Hugging Face allows users to download freely accessible AI models and modify them as they wish.

Many programmers also use the platform to collaborate. Several media outlets had reported on Nvidia’s acquisition plans in recent days.

About this summary

Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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