Observed Signal · Jun 2, 2022 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Neutral
Nvidia Confirms $12.93B Acquisition of Hugging Face
Nvidia has agreed to acquire Hugging Face, the leading repository for open AI models, for $12.93 billion. Nvidia CEO Jensen Huang confirmed the deal in a blog post, highlighting the platform's scale: more than 18 million developers, three million models, 500,000 datasets, and one million applications, used by over 200,000 companies. Hugging Face was founded by Clément Delangue, Julien Chaumond, and Thomas Wolf. Huang said Nvidia's infrastructure and engineering resources will improve the platform's reliability, security, model evaluation, inference, and deployment capabilities while preserving its open ecosystem. He pledged that Hugging Face will remain a neutral open platform and that Nvidia compute will not be required to build on or distribute through it. The acquisition is not yet formally closed and is expected to face antitrust review. Hugging Face was valued at $4.5 billion in its last major funding round, which included Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm, and IBM.
Major $12.93B acquisition giving Nvidia control over the leading distribution hub for open AI models, which underpins AI-driven advertising, marketing, and business automation infrastructure.
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Key Takeaways & Evidence Grounding
- Nvidia agreed to acquire Hugging Face for exactly $12,930,300,000.
- Hugging Face hosts more than 3 million models, 500,000 datasets, and 1 million applications, used by over 18 million developers and 200,000 companies.
- Hugging Face will remain an open platform; Nvidia compute will not be required to build on or distribute via it.
- The deal is not yet formally closed and is expected to undergo antitrust review.
- Hugging Face was valued at $4.5 billion in its last major funding round, which included Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm and IBM.
Connected Companies & Entities
9 Entities mapped“The platform hosts over 3 million open AI models, 500,000 datasets and 1 million applications....”
“Nvidia is acquiring Hugging Face for $12.93 billion, confirmed by CEO Jensen Huang....”
“Participated in Hugging Face's last major funding round, alongside Nvidia, Google, Amazon, AMD, Intel, Qualcomm and IBM....”
“Participated in Hugging Face's last major funding round, alongside Nvidia, Salesforce, Amazon, AMD, Intel, Qualcomm and IBM....”
“Participated in Hugging Face's last major funding round, alongside Nvidia, Salesforce, Google, AMD, Intel, Qualcomm and IBM....”
“Participated in Hugging Face's last major funding round; also mentioned as operator of the competing ROCm software ecosystem....”
“Participated in Hugging Face's last major funding round....”
“Participated in Hugging Face's last major funding round....”
“Participated in Hugging Face's last major funding round....”
Ontology Mapping & Concepts
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