Nvidia reportedly buys Hugging Face for $12.9 billion outright: annualized revenue is only $150 million
According to the latest disclosure by The Information, Nvidia has agreed to acquire Hugging Face for $12.9 billion. Hugging Face is essentially one of the most important open-source AI model, dataset, and developer community infrastructure platforms in the world, but reports say its annualized revenue is currently only about $150 million—an acquisition price nearly 86 times its annual revenue.$NVDAB
According to the latest disclosure by The Information, Nvidia has agreed to acquire Hugging Face for $12.9 billion. Hugging Face is essentially one of the most important open-source AI model, dataset, and developer community infrastructure platforms in the world, but reports say its annualized revenue is currently only about $150 million—an acquisition price nearly 86 times its annual revenue.$NVDAB