Nvidia closes in on $12.9 billion Hugging Face acquisition as neutrality concerns mount
The Information reports that Nvidia has agreed to the purchase, citing one person with knowledge of the agreement. A separate Business Insider report is less definitive, saying the companies held serious talks at a valuation above $13 billion but had not signed an agreement. Neither Nvidia nor Hugging Face has... Read Entire Article
Nvidia is reportedly on the verge of acquiring Hugging Face for $12.9 billion, according to reports by The Information. This acquisition would grant Nvidia control over Hugging Face, the leading platform for sharing open AI models and fostering developer collaboration. While Business Insider suggests talks took place but no agreement was signed, neither company has publicly confirmed the reports.
If the deal goes through, it would make Hugging Face Nvidia's largest completed takeover to date, surpassing the $7 billion paid for Mellanox in 2020. Hugging Face boasts an impressive 13 million users, over two million public models, and more than 500,000 datasets. Recent reports indicate the startup generated around $150 million in annualized revenue, supporting an estimated price tag of 86 times that revenue.
Hugging Face's community and large user base raise concerns over platform neutrality should Nvidia become its sole owner. The AI industry's dominant chip supplier's potential acquisition of a key collaborative hub for AI developers could significantly impact how models and datasets are discovered, shared, optimized, and deployed.
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