Nvidia Acquires Hugging Face for $12.9 Billion
Nvidia has announced its intention to acquire Hugging Face for $12.9 billion, marking one of the largest deals in its history.
Nvidia has agreed to acquire Hugging Face for $12.9 billion. The deal is not yet finalized, but it is one of the largest in Nvidia's history. Hugging Face's annual revenue is estimated at around $150 million, and the company was valued at $13 billion during negotiations.
Nvidia Officially Acquires Hugging Face
Exact deal amount: $12,930,300,000.
Nvidia promises to continue supporting HF's mission and principles of openness, independence, and universality regarding hardware.
We believe that together we can make open source the default method for model development.
Nvidia shares 📈
Why it matters
AnalysisThis acquisition highlights the growing importance of open technologies in the AI field and could significantly impact the development of AI models.
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