Storyline
Nvidia Hugging Face acquisition and AI expansion
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
1 DAYS
30 FACTS
2 EVENTS
3 SOURCES
FIRST ENTRY SEP 04
SEP 04 · Day 1
Nvidia acquires open-source AI platform Hugging Face for $12.9bn
Jensen Huang is Nvidia's president and CEO.
Delangue described Nvidia as a perfect home for Hugging Face.
Nvidia will pay about $11.9 billion to Hugging Face investors.
“To the millions of builders on Hugging Face: thank you for pushing the boundaries of what is possible. We can't wait to build the future together with you. Together, we will make AI more open, more capable and more accessible to people and institutions around the world.”
JENSEN HUANG
verbatim
SEP 04 · Day 1
Nvidia's investments grow to $99 billion as major AI company backer
More than 18 million people use the Hugging Face platform to share more than 3 million models and 500,000 datasets, and it is used by more than 200,000 companies, according to Nvidia.
Nvidia CEO Jensen Huang said Nvidia was the largest contributor of open models in the world.
Nvidia paid $20 billion for chipmaker Groq's assets.