Nvidia Reportedly Acquires Hugging Face for Over $13 Billion
According to claims based on anonymous sources, artificial intelligence chip giant Nvidia has moved to integrate AI resource repository Hugging Face into its operations.
Chip giant Nvidia, known for its investments in the field of artificial intelligence, is reportedly on the verge of acquiring popular AI resource platform Hugging Face for over $13 billion.
Background of the Acquisition Claims
According to reports based on anonymous insider information, rumors that have circulated in the industry for a long time are turning into reality, with Nvidia carrying out the process to acquire Hugging Face.
Details also indicate that the deal is still in the finalization stage and could change at any moment.
Past Investments and Closer Ties
In 2023, Nvidia participated in a Series D funding round that also included giants like Google and Amazon, bringing Hugging Face's valuation to $4.5 billion.
Later, an attempt by Nvidia to make an additional solo investment of $500 million was rejected by Hugging Face.
Hugging Face's Valuation Surge
In recent assessments, it was discussed that the company's value was around the $7 billion level.
The latest figures emerging show that the company has increased its value to over $13 billion in a short period.