Observed Signal · Jan 11, 2023 · M&A - Announced · Source: Trending Topics · Impact: 4/5 · Sentiment: Positive
Nvidia to Acquire Hugging Face for $12.93B
Nvidia has announced the acquisition of Hugging Face, the open-source AI model platform, for $12.93 billion. The deal was confirmed by Nvidia CEO Jensen Huang in a blog post. 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 acquisition will bring Nvidia's infrastructure, engineering resources and global reach to improve the platform's reliability, security, model evaluation, inference and deployment capabilities while preserving its open ecosystem. He stressed that Hugging Face will remain an open platform and Nvidia compute will not be required to build on or distribute via it. The transaction is not yet closed and is expected to draw antitrust scrutiny. Nvidia was already an investor in Hugging Face, which was valued at $4.5 billion in its last major funding round.
A $12.93B acquisition of the leading open-source AI model hub by Nvidia reshapes AI infrastructure and distribution, with significant implications for AI-based advertising and marketing technologies.
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Key Takeaways & Evidence Grounding
- Nvidia is acquiring Hugging Face for exactly $12,930,300,000.
- Hugging Face hosts over 3 million models, 500,000 datasets and 1 million applications.
- More than 18 million developers and 200,000 companies use Hugging Face.
- Jensen Huang confirmed the acquisition in a blog post and said Hugging Face will remain an open platform.
- The deal is not finalized and is expected to face antitrust review.
- Hugging Face was last valued at $4.5 billion in a funding round that included Nvidia, Salesforce, Google, Amazon, AMD, Intel, Qualcomm and IBM.
Connected Companies & Entities
14 Entities mapped“Hugging Face is described as the platform where a large share of the world's open AI models are hosted....”
“Nvidia is acquiring Hugging Face for $12,930,300,000, confirmed by CEO Jensen Huang....”
“Salesforce participated in Hugging Face's last major funding round....”
“Google participated in Hugging Face's last major funding round....”
“Amazon participated in Hugging Face's last major funding round....”
“AMD participated in Hugging Face's last major funding round....”
“Intel participated in Hugging Face's last major funding round....”
“Qualcomm participated in Hugging Face's last major funding round....”
“IBM participated in Hugging Face's last major funding round....”
Ontology Mapping & Concepts
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