Nvidia closes in on Hugging Face acquisition
The reported price is roughly $13 billion, but the story leaves the signing status unresolved.
TechCrunch says The Information reported Nvidia agreed to buy Hugging Face for $12.9 billion, while Business Insider reported talks had not produced a signed agreement and could still fall apart. The piece frames Hugging Face as a route for Nvidia into open source AI distribution, rented compute, and potentially unused cloud capacity. It notes Hugging Face was last valued at $4.5 billion in 2023 and recently had about $150 million in annual revenue. TechCrunch AI's note
TechCrunch says The Information reported Nvidia agreed to buy Hugging Face for $12.9 billion, while Business Insider reported talks had not produced a signed agreement and could still fall apart. The piece frames Hugging Face as a route for Nvidia into open source AI distribution, rented compute, and potentially unused cloud capacity. It notes Hugging Face was last valued at $4.5 billion in 2023 and recently had about $150 million in annual revenue. TechCrunch AI's note
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