Nvidia inks $13 billion deal to buy the AI startup that was hacked by OpenAI
Nvidia will acquire open-source AI startup Hugging Face for nearly $13 billion, as the AI chipmaker seeks to expand its role in growing the AI ecosystem.
But Hugging Face CEO Clem Delangue said in an interview with CNBC on Thursday that he pursued the deal with Nvidia over the summer after realizing that open-source AI was at a “turning point and that it needed more resources, more scale, more visibility.
Unlike closed models, open-source AI models like those hosted on Hugging Face allow companies and developers to download the parameters that determine how a model functions and customize them for specific purposes.
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