Nvidia has reportedly agreed to acquire open-source AI platform Hugging Face for $12.9 billion, per The Information, with corroboration from CNBC and Business Insider but no official confirmation f…
At about $150 million in annualised revenue, the deal is priced at roughly 86 times sales, reflecting Hugging Face's strategic position as the 'GitHub of AI' rather than its financials.
The acquisition would move Nvidia up the AI stack and help defend its chip dominance as OpenAI and Anthropic develop their own processors.
Hugging Face was valued at $4.5 billion in 2023 and reportedly rejected a $7 billion Nvidia offer last year; placing the neutral hub inside a chipmaker raises questions about developer trust and ec…
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