Nvidia Agrees to Buy Hugging Face for $12.9 Billion
The Information cites a source saying the chipmaker agreed to the deal.
The Information reported that Nvidia has agreed to buy open-source AI model platform Hugging Face for $12.9 billion. Executive editor Amir Efrati wrote the story, citing a person with knowledge of the deal. CNBC posted a link to its own coverage of the report. Posts note that talks began after Hugging Face received interest from another party. Several accounts shared screenshots and commentary on the exclusive. The Information's Jessica Lessin called it a scoop from the team.
🚨big news y'all: Nvidia agrees to take Hugging Face for $12.9 billion. More details below
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Kylie Robison@kyliebytes- likes: 147
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MT Matt Turck@mattturckTruly a win-win-win: * NVIDIA is officially the center of open source AI w/ Nemotron and now HF * Hugging Face scores huge + gets the perfect home (no more nagging re business model!) * Open source AI wins! Massive congrats to friends @ClementDelangue, @Thom_Wolf (+ @ctnzr!)
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JL Jessica Lessin@JessicalessinRemarkable scoop from the team that just doesn’t stop. @amir @validapau @theinformation https://twitter.com/amir/status/2092786156085899518
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AE Amir Efrati@amirNotably, @huggingface was our top pick for most promising enterprise AI startup of 2021. Our annual feature, The Information 50 Most Promising Startups (worth less than $1b), has a decent hit rate. https://twitter.com/amir/status/2092786156085899518
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HS Harry Stebbings@HarryStebbingsI repeat, Paul is the most analytical VC in Europe and this is a must read 👇 https://twitter.com/p_bonnet/status/2092946471989465470
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JP Joe Pompliano@JoePomplianoKevin Durant and his business partner, Rich Kleiman, invested in Hugging Face's seed & Series A fundraising rounds. Nvidia just acquired the company for $12.9 billion, and since I'm told Durant invested $100,000 in the seed round and $150,000 in the Series A, he likely made…
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