Nvidia Just Spent $13 Billion on Hugging Face. Here's What Investors May Be Missing

Nvidia Just Spent $13 Billion on Hugging Face. Here's What Investors May Be Missing

Nvidia has agreed to buy Hugging Face for $12.93 billion. This price is roughly 85 times the startup's reported $150 million revenue. Nvidia may not have overpaid. The bigger issue is whether developers ever agreed to let their activity get mined this way.

Nvidia agrees to buy Hugging Face for $12.93 billion, pledges to keep platform open

Nvidia has agreed to acquire Hugging Face for $12.93 billion, expanding its reach into the platform businesses and developers use to find, share and adapt artificial intelligence models.

Hugging Face Founders Each Worth $1.8 Billion After Nvidia Deal

Hugging Face’s three French founders have become billionaires after Nvidia Corp. agreed to acquire the artificial intelligence platform, capping a decade-long transformation from a startup originally built around a very different idea.

Hugging Face Approached Nvidia Weeks Ahead of the Now Confirmed $12.9B Acquisition

New York Moving beyond hardware and further up the AI stack, Nvidia last Thursday officially agreed to buy open-source platform Hugging Face for $12.9 billion. This is Nvidia’s second-biggest, following the $20 billion purchase of assets from chipmaker Groq in December. Before that, its largest deal was the purchase of Israeli chipmaker Mellanox for almost $7 billion in 2019. Nvidia’s stated goal is to keep Hugging Face as an open platform for t…