Nvidia buys Hugging Face for $12.9B

Nvidia has agreed to acquire the Hugging Face platform.

Consensus

• Nvidia has agreed to acquire Hugging Face.
• The acquisition is valued at $12.9 billion.
• Hugging Face is a platform for open-source AI models, datasets, and tools.
• The platform is used by developers and AI agents.
• The number of models on Hugging Face exceeds 2.9 million.
• The deal is subject to completion and has not yet closed.

Points of divergence

• Nvidia outbid an unnamed competitor for Hugging Face. — thebell
• Hugging Face was originally created as a teenage entertainment app in 2016 and became centralized in 2020. — kommersant
• Experts believe Nvidia is replicating the vertical integration model of major tech companies. — thebell
• Hugging Face raised $235 million in 2023 from major tech companies, including Nvidia, with a valuation of $4.5 billion at that time. — kommersant
• Hugging Face's annual revenue is $150 million. — kommersant

Coverage (2 sources)

• Nvidia buys hacked by Open AI models Hugging Face — The Bell
• The Information: Nvidia buys Hugging Face platform for $12.9 billion — Коммерсантъ

Key entities

• NVIDIA
• The Information
• Platformer
• AI Industries