Observed Signal · Sep 8, 2023 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Neutral
Nvidia Acquires AI Platform Hugging Face for $12.93B
Nvidia has confirmed the acquisition of Hugging Face for $12.93 billion. CEO Jensen Huang said the open AI platform will remain neutral and open, and Nvidia compute will not be required to build on or distribute via Hugging Face. Hugging Face hosts more than three million models, 500,000 datasets, and one million applications, and is used by over 200,000 companies. Nvidia plans to contribute infrastructure, engineering resources, and global reach to improve reliability, security, model evaluation, inference, and deployment. The deal is not yet completed and is expected to face antitrust review. Hugging Face was valued at $4.5 billion in its last major financing round about three years ago, with investors including Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm, and IBM.
Nvidia's $12.93B acquisition of Hugging Face consolidates the leading open-model distribution hub under the dominant AI chipmaker, with broad implications for AI infrastructure that AdTech and MarTech increasingly depend on.
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Key Takeaways & Evidence Grounding
- Nvidia announced the acquisition of Hugging Face for $12,930,300,000.
- Hugging Face hosts more than 3 million models, 500,000 datasets, and 1 million applications.
- Over 18 million developers and 200,000 companies use Hugging Face.
- Jensen Huang confirmed Hugging Face will remain an open platform and Nvidia compute will not be required.
- The acquisition is not yet closed and is likely to face antitrust review.
- Hugging Face was valued at $4.5 billion in its previous major financing round.
Connected Companies & Entities
9 Entities mapped“Hugging Face is the open AI model platform being acquired, with over 18 million developers and 3 million models....”
“Nvidia acquires Hugging Face for $12.93 billion, according to CEO Jensen Huang....”
“Salesforce joined Hugging Face's last major financing round....”
“Google joined Hugging Face's last major financing round....”
“Amazon joined Hugging Face's last major financing round....”
“AMD joined Hugging Face's last major financing round....”
“Intel joined Hugging Face's last major financing round....”
“Qualcomm joined Hugging Face's last major financing round....”
“IBM joined Hugging Face's last major financing round....”
Ontology Mapping & Concepts
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