Nvidia Eyes $13 Billion Hugging Face Deal as It Goes All-in on Open Source AI
The talks could value Hugging Face at more than $13 billion, but no agreement has been reached and the deal could still fall apart.
- Nvidia is in acquisition talks with Hugging Face, the popular open-source AI platform, regarding a deal valued at more than $13 billion, according to sources familiar with the matter.
- Last year, Hugging Face turned down a $500 million investment offer from Nvidia that would have valued the firm at $7 billion, citing concerns over independent governance and avoiding a dominant investor.
- Nvidia previously participated in a $4.5 billion funding round in 2023, while Microsoft also met with Hugging Face, though those discussions are reportedly no longer ongoing.
- No deal has been reached yet, and the acquisition conversations could still fall apart. Both Nvidia and Hugging Face declined to respond to requests for comment.
- Nvidia has ramped up dealmaking with its enormous cash pile, committing $18 billion to equity investments for the fiscal year on top of $47.9 billion it already holds in private companies.
11 Articles
11 Articles
Nvidia in talks to acquire Hugging Face for nearly $13 billion
By Rajwa Quasim Chipmaker Nvidia has reportedly agreed to acquire AI startup Hugging Face in a deal worth $12.9 billion, according to The Information. A CNBC source separately confirmed that an acquisition of Hugging Face by Nvidia has been part of ongoing and recent talks, but details have not been made public by either company. People familiar with the matter said the deal has not been signed and could still fall apart. Neither Nvidia nor Hugg…
Hugging Face rejected Nvidia at $7B, now weighs a $13B sale
Hugging Face has been approached to sell itself at a valuation of $13 billion or more, reports say, but there is no deal yet. The AI model-sharing platform has begun working with banks to review incoming bids. Hugging Face waved off $500M to keep Nvidia out Earlier this year, Hugging Face turned down a $500 million check from Nvidia, which would have valued the company at $7 billion. The reason given then was governance. Hugging Face didn’t want…
Hugging Face Eyes $13 Billion Sale After Rejecting Nvidia's $7 Billion Offer
What happened Hugging Face is shopping itself around. The company has engaged a bank to gauge buyer interest at a… Read the original on Hugging Face Seeks $13 Billion Sale After Turning Down Nvidia’s $7 Billion Offer. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
