Nvidia is buying Hugging Face for almost $13 billion

Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world's biggest AI chipmaker.

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Engadget•

NVIDIA is buying Hugging Face for $12.93 billion

NVIDIA has confirmed it is buying AI software repository Hugging Face.

Brief by WorldPing · Original reporting by Engadget

WorldPing

WIRED•

Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI

The long-rumored deal will give the chip giant access to—and help it promote—a huge repository of open-source AI models and data sets.

Brief by WorldPing · Original reporting by WIRED

TechCrunch

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TechCrunch•

Nvidia confirms it will buy Hugging Face for $12.9 billion

Nvidia said Hugging Face hosts over 3 million models and is used by over 18 million developers.

Brief by WorldPing · Original reporting by TechCrunch

CNBC World

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CNBC World•

Hugging Face approached Nvidia's Huang about an acquisition weeks ago, CEO tells CNBC

Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."…

Brief by WorldPing · Original reporting by CNBC World

CNBC

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CNBC•

Billionaire family offices back healthcare and biotech startups in August

The personal investment firms of titans like Stanley Druckenmiller are backing innovations in gene editing, drug discovery and more.

Brief by WorldPing · Original reporting by CNBC

WorldPing

CryptoSlate•

Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb

Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when BTC traded here in May.

Brief by WorldPing · Original reporting by CryptoSlate