Observed Signal · Jun 21, 2022 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Positive
Nvidia Agrees to Buy Hugging Face for $12.93 Billion
Nvidia has agreed to acquire Hugging Face, the leading platform for open-source AI models, for $12.93 billion, according to a blog post by Nvidia CEO Jensen Huang. Hugging Face hosts more than three million models, 500,000 datasets, and one million applications, used by over 18 million developers and 200,000 companies. Huang said the deal will bring Nvidia's infrastructure and engineering resources to improve reliability, security, model evaluation, inference, and deployment capabilities, while preserving Hugging Face's open ecosystem and multi-cloud approach. The founders Clément Delangue, Julien Chaumond, and Thomas Wolf will remain, and the Hugging Face brand will be kept. The transaction is not yet formally closed and is expected to face antitrust review. Nvidia was already an investor in Hugging Face's last major financing round, which valued the company at $4.5 billion.
A landmark AI infrastructure deal that places the primary open-source AI model distribution hub under Nvidia, influencing how AI models are built, shared, and deployed across industries, including AdTech. The transaction is pending antitrust review.
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Key Takeaways & Evidence Grounding
- Nvidia agreed to acquire Hugging Face for $12,930,300,000.
- Jensen Huang confirmed the purchase in a blog post; the deal is not yet formally closed and is expected to face antitrust review.
- Hugging Face hosts over three million models, 500,000 datasets, and one million applications, used by more than 18 million developers and 200,000 companies.
- Hugging Face was founded by Clément Delangue, Julien Chaumond, and Thomas Wolf.
- Hugging Face was valued at $4.5 billion in its last major funding round, with investors including Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm, and IBM.
Connected Companies & Entities
9 Entities mapped“Nvidia is acquiring Hugging Face, the platform hosting a large share of the world's open AI models....”
“Nvidia is acquiring Hugging Face and will pay $12.93 billion....”
“At the last major financing round, Salesforce, along with others, invested in Hugging Face....”
“At the last major financing round, Google, along with others, invested in Hugging Face....”
“At the last major financing round, Amazon, along with others, invested in Hugging Face....”
“At the last major financing round, AMD, along with others, invested in Hugging Face....”
“At the last major financing round, Intel, along with others, invested in Hugging Face....”
“At the last major financing round, Qualcomm, along with others, invested in Hugging Face....”
“At the last major financing round, IBM, along with others, invested in Hugging Face....”
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