🚨 NVIDIA BETS US$12.900 MILLION ON THE OPEN-SOURCE AI ECOSYSTEM 🤖�
$NVDAB
NVIDIA is said to have agreed to acquire Hugging Face for US$12.900 million, in one of its biggest deals to date, according to The Information. The deal would give NVIDIA control over one of the main platforms where developers discover, share, and use open-source AI models.
📊 WHAT’S HAPPENING?
• NVIDIA is looking to expand its presence beyond chips and move more aggressively into AI model distribution.
• Hugging Face works as a major repository of models, datasets, and tools used by developers.
• The platform would generate approximately US$150 million in annualized revenue, which implies a very high valuation compared to its current revenues.
• NVIDIA had already invested US$235 million in Hugging Face in 2023, when the company was valued at US$4.500 million.
$NVDAB
NVIDIA is said to have agreed to acquire Hugging Face for US$12.900 million, in one of its biggest deals to date, according to The Information. The deal would give NVIDIA control over one of the main platforms where developers discover, share, and use open-source AI models.
📊 WHAT’S HAPPENING?
• NVIDIA is looking to expand its presence beyond chips and move more aggressively into AI model distribution.
• Hugging Face works as a major repository of models, datasets, and tools used by developers.
• The platform would generate approximately US$150 million in annualized revenue, which implies a very high valuation compared to its current revenues.
• NVIDIA had already invested US$235 million in Hugging Face in 2023, when the company was valued at US$4.500 million.
