Report: Nvidia to acquire AI model repository Hugging Face for $13 billion
ThinkingNews Desk · how this was written
Nvidia is set to acquire the AI-model repository Hugging Face in a deal valued at roughly $13 billion, with reported figures ranging from $12.9 billion to $13 billion. The transaction is moving forward, with Nvidia closing in on finalizing the purchase.
Written from all 5 reports below, not from any single one.
How it was reported
- TechMeme·Source: Nvidia has been in talks to acquire Hugging Face for more than $13B; Microsoft also met with Hugging Face, but talks are not ongoing (Business Insider)
Nvidia has been negotiating a potential acquisition of AI startup Hugging Face valued at more than $13 billion, while Microsoft held meetings with the company that are no longer active. In its second-quarter earnings, Nvidia reported revenue of $96.22 billion, a 106% year-over-year increase, with data-center sales climbing 117% to $89 billion.
- Hacker News·Nvidia agrees to acquire Hugging Face for $13B
Nvidia is negotiating to acquire Hugging Face for over $13 billion, a valuation far above the $4.5 billion price from its 2023 $235 million funding round. The chipmaker previously rejected a $500 million offer that would have valued Hugging Face at $7 billion, citing concerns over a dominant investor. Acquiring the platform would give Nvidia deeper access to the open-source AI ecosystem, though it could threaten Hugging Face’s neutrality toward competing hardware vendors.
- TechMeme·Source: Nvidia has agreed to buy Hugging Face for $12.9B (The Information)
Nvidia announced a definitive agreement to acquire Hugging Face for $12.9 billion, adding the open-source AI model repository to its portfolio. The deal follows interest from other investors such as Salesforce and positions Nvidia to expand its foothold in generative-AI infrastructure.
- TechCrunch·Nvidia closes in on Hugging Face acquisition
Nvidia has agreed to acquire Hugging Face for roughly $12.9 billion, valuing the AI-model hub at more than $13 billion, though no definitive agreement has been signed yet. The purchase would give Nvidia a dominant position in open-source AI, bolster its cloud-computing ambitions, and protect its AI-chip market as major labs develop their own silicon.
- The Next Web·Nvidia is reportedly in talks to buy Hugging Face for $12.9bn
Nvidia is negotiating to buy Hugging Face for approximately $12.9 billion, more than double its 2023 valuation and about 86 times its $150 million annual revenue. The startup previously turned down a $500 million investment over governance concerns. The deal would place the leading open-model hosting platform under a major AI hardware supplier, prompting antitrust scrutiny.
- Ars Technica·Report: Nvidia to acquire AI model repository Hugging Face for $13 billion
Nvidia is set to acquire AI model repository Hugging Face for $12.9 billion, aiming to deepen its integration with the broader AI ecosystem. Hugging Face operates a cloud platform where developers and researchers locate, download, fine-tune, and share machine-learning models, functioning similarly to GitHub for software. This purchase expands Nvidia’s reach beyond hardware into model distribution and collaboration.
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