Open Source · Nvidia · Microsoft · Financial Times · businessinsider.com
Nvidia agrees to acquire Hugging Face for $13B
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Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant's biggest deals yet.
Key facts
- Hugging Face turned down a $500 million investment offer from Nvidia late last year that would have valued it at $7 billion, the Financial Times previously reported
- Contact Ashley Stewart via email at or Signal at +1-425-344-8242
- Hugging Face was founded in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond, and Thomas Wolf
- The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion, according to a person familiar with the matter
Summary
The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion, according to a person familiar with the matter. Microsoft also met with Hugging Face, but the person familiar and a second person said talks are not ongoing. Hugging Face turned down a $500 million investment offer from Nvidia late last year that would have valued it at $7 billion, the Financial Times previously reported. Hugging Face sits at the center of the open-source AI ecosystem, hosting millions of AI models and datasets that developers can build on.