NVIDIA confirmed its $12.9 billion acquisition of Hugging Face, a New York-based open-source AI repository. This transaction marks NVIDIA’s second-largest acquisition to date. CEO Jensen Huang stated that the open-source community drives approximately 50% of the company's business.
Hugging Face currently hosts more than 3 million AI models. The platform provides infrastructure and collaboration tools to over 200,000 companies. These tools support both open-source and proprietary AI development.
The acquisition grants NVIDIA deeper insights into emerging AI trends and model architectures. This strategy cements NVIDIA’s role across the AI value chain, spanning from hardware to software development platforms.