The Information Reports Nvidia to Acquire Hugging Face
Social media shares an exclusive report on the proposed purchase of the AI platform.
The Information reported that Nvidia has agreed to buy open-source AI platform Hugging Face for $12.9 billion. CNBC echoed the story, citing a person with knowledge of the deal and noting that talks began after another party showed interest. Posts on X circulate screenshots of the article along with comments on the reported revenue multiple and earlier coverage of Hugging Face as a promising startup. No statements from either company appear in the packet confirming that the transaction has closed.
🚨big news y'all: Nvidia agrees to take Hugging Face for $12.9 billion. More details below
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Matthew Berman@MatthewBermanWhoa. Grok cost them $20b and HF is $12.9b. Great purchase IMO. Building up the open source ecosystem helps NVIDIA tremendously. All roads lead to NVIDIA.
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MB Matthew Berman@MatthewBermanKevin Durant invested in HuggingFace's seed round
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MT Matt Turck@mattturckTruly a win-win-win: * NVIDIA is officially the center of open source AI w/ Nemotron and now HF * Hugging Face scores huge + gets the perfect home (no more nagging re business model!) * Open source AI wins! Massive congrats to friends @ClementDelangue, @Thom_Wolf (+ @ctnzr!)
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JL Jessica Lessin@JessicalessinRemarkable scoop from the team that just doesn’t stop. @amir @validapau @theinformation
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RP Rohan Paul@rohanpaul_aiJUST IN: Nvidia agreed to buy Hugging Face for $12.9B. At roughly $150M in reported annualized revenue of HuggingFace, thats 86X that run rate. - The Information.
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