Nvidia to acquire Hugging Face for $12.9 billion to pursue AI market fragmentation
NVDA NVIDIA Corp
$230.59 -2.90%
View chart & analysis → - 1Nvidia has agreed to acquire Hugging Face for $12.9 billion in September.
- 2Hugging Face hosts more than 3 million open models.
- 3Open models account for less than 5% of corporate AI spending.
So what's the key point?
Nvidia has decided to buy Hugging Face, a platform that gathers artificial intelligence models, for $12.9 billion. The share of money companies spend on using open models for artificial intelligence is less than 5 percent.
Source TIKR · View original ↗
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