Observed Signal · Jun 17, 2022 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Neutral
Nvidia to Acquire Hugging Face for $12.93 Billion
Nvidia has announced the acquisition of Hugging Face, the open-source AI model platform, for $12.93 billion. Nvidia CEO Jensen Huang confirmed the deal in a blog post, saying Nvidia will provide infrastructure to scale the platform while preserving its open ecosystem. Hugging Face hosts more than three million models and is used by over 200,000 companies. Huang promised the platform will remain open, multi-cloud and multi-accelerator, and that Nvidia compute will not be required. The founders Clément Delangue, Julien Chaumond and Thomas Wolf will stay with the company. The acquisition is not yet closed and may face antitrust review. Hugging Face was previously valued at $4.5 billion in a funding round that included Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm and IBM.
A $12.93B acquisition of the central open AI model hub by the dominant AI chipmaker reshapes AI infrastructure and could influence the future availability of open models used across AI-driven advertising and marketing technology.
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Key Takeaways & Evidence Grounding
- Nvidia announced the acquisition of Hugging Face for $12,930,300,000.
- Hugging Face hosts over 3 million models and is used by more than 200,000 companies.
- Nvidia says Hugging Face will remain an open, multi-cloud, multi-accelerator platform and that Nvidia compute will not be required.
- 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 funding round, with investors including Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm and IBM.
Connected Companies & Entities
14 Entities mapped“More than 200,000 companies use Hugging Face to find, evaluate, adapt and deploy AI models....”
“Nvidia is acquiring Hugging Face for $12,930,300,000....”
“In the last major funding round, Salesforce was among the investors alongside Nvidia, Google, Amazon, AMD, Intel, Qualcomm and IBM....”
“In the last major funding round, Google was among the investors alongside Nvidia, Salesforce, Amazon, AMD, Intel, Qualcomm and IBM....”
“In the last major funding round, Amazon was among the investors alongside Nvidia, Salesforce, Google, AMD, Intel, Qualcomm and IBM....”
“In the last major funding round, AMD was among the investors alongside Nvidia, Salesforce, Google, Amazon, Intel, Qualcomm and IBM....”
“In the last major funding round, Intel was among the investors alongside Nvidia, Salesforce, Google, Amazon, AMD, Qualcomm and IBM....”
“In the last major funding round, Qualcomm was among the investors alongside Nvidia, Salesforce, Google, Amazon, AMD, Intel and IBM....”
“In the last major funding round, IBM was among the investors alongside Nvidia, Salesforce, Google, Amazon, AMD, Intel and Qualcomm....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
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