Key Info

Hugging Face has announced its intention to join forces with NVIDIA in a $12.93 billion acquisition. Thom Wolf shared the news in person and reflected on the company's journey since 2016, noting that an old joke about code becoming a subset of ML has turned out to be true.

Highlights

  • NVIDIA and Hugging Face are joining forces in a deal valued at $12,930,300,000, a major consolidation in open-source AI.
  • Thom Wolf recalled Hugging Face's scrappy underdog days in 2016 and how far the field has come since then.
  • The deal highlights the growing importance of open-source models and ML infrastructure in the AI ecosystem.