Huida announced the US$12.93 billion acquisition of Hugging Face to lay out the open source AI ecosystem

(Central News Agency, San Francisco, comprehensive foreign news report on the 3rd) Artificial intelligence (AI) chip giant NVIDIA announced today that it will spend US$12.93 billion (approximately NT$409.6 billion) to acquire the well-known developer platform Hugging Face, betting that the support of open source AI models will drive future demand.

Reuters reported that Huida’s stock price rose more than 1% in early trading today after Huida announced the deal, which is one of the largest acquisitions in the company’s history.

However, at this time, Huida's large customers are developing their own chips in an attempt to reduce their dependence on Huida.

Huida is already an important player in the open source AI field in the United States. It not only owns the universal AI model Nemotron, but also fully supports related technologies.

After Hugging Face acquires Hugging Face, it will have direct access to a platform for developers to collaborate, test and share tools. It is expected to gain valuable insights and data, which will help narrow the technology gap between Huida and top laboratories in the United States and China.

"Hugging Face will still be an open platform for the entire AI ecosystem," said Hugging CEO Huang Renxun, emphasizing that developers do not necessarily have to use Hugging chips to develop or deploy on Hugging Face.

According to the agreement, Huida will pay approximately US$11.9 billion to Hugging Face investors and provide an equity retention plan of up to US$1 billion for employees who join Hugging Face.