Nvidia CEO Jensen Huang on Hugging Face deal: Open models matter greatly to our company

Summary

Nvidia announced it is acquiring Hugging Face for $12.93 billion. Jensen Huang frames the deal as a way to accelerate open-source AI, which he says is a large and growing driver of Nvidia's business. Hugging Face CEO Clément Delangue says the platform will remain independent within Nvidia and aims to grow from 18 million to 100 million AI builders. The discussion also contrasts open and proprietary AI paths, with Nvidia positioned to benefit from both.

• Nvidia will acquire Hugging Face for $12.93 billion.
• Hugging Face brings 200,000 enterprise customers, 18 million developers, and 3 million models.
• Jensen Huang says open models drive about half of Nvidia's business while cloud service providers are the other half.
• Jensen says the deal is worth every penny and is a large growth driver for Nvidia.
• Clément Delangue says Hugging Face will continue to run as an independent neutral platform within Nvidia.
• Hugging Face targets reaching 100 million AI builders in the next few years.
• Jensen recommends using closed models where possible but sees open models as crucial for IP control and sovereignty.
• Clément mentions an Anthropic IPO is expected in a few months.