Nvidia has agreed to buy AI model platform Hugging Face for $13 billion, in the latest step by the $5.4 trillion chip giant to use its financial might to accelerate the technology’s boom while exerting greater control over the industry.

Hugging Face, which only last year turned down a large investment from Nvidia at a $7 billion valuation to maintain its independence, serves as a repository for millions of models and data sets and has become a champion of “open” AI systems.

Nvidia said the goal of the deal was to speed up the spread of open models. Unlike proprietary models from labs such as OpenAI and Anthropic, the design of open-weight models is public and users can download, customize and run them on their own hardware.

Read full article

Comments

Chinese state media accused Anthropic of AI double standards as planned US-China talks could shape model access, monitoring, and enterprise deployment.

The post Chinese State Media Accuses Anthropic of AI Double Standards appeared first on TechRepublic.

Chinese state media accused Anthropic of AI double standards as planned US-China talks could shape model access, monitoring, and enterprise deployment.

The post Chinese State Media Accuses Anthropic of AI Double Standards appeared first on TechRepublic.

Nvidia is reportedly moving forward to acquire Hugging Face for $12.9 billion. The acquisition could help the hardware giant expand and fortify its deep integration with the wider AI industry.

Among other things, Hugging Face is a cloud repository for AI models, similar in some respects to what GitHub is for conventional computer software. Developers and researchers search for models that meet certain criteria, download and run them, and fine-tune them into different variants that then get uploaded back up to Hugging Face.

Read full article

Comments