U.S. chipmaker NVIDIA has reportedly agreed in principle to acquire AI startup Hugging Face for approximately ¥2 trillion, with Hugging Face reportedly planning to make more than 3 million AI models available for anyone to use.
NVIDIA has reportedly agreed to acquire Hugging Face for approximately $12.9 billion. The amount is said to be equivalent to around ¥2 trillion.
Following the acquisition, Hugging Face is reportedly expected to maintain and expand its public availability as an "AI marketplace" offering more than 3 million AI models for everyone to access.
The Information, a U.S. media outlet, reported the information on the 26th, and the transaction between NVIDIA and Hugging Face is said to be at the acquisition-agreement stage.
The move is expected to provide the AI developer community with broad access to models, and attention is focused on further developments.