Industry2h ago
Nvidia Acquires HuggingFace For $13 Billion
Nvidia paid $13 billion to acquire HuggingFace, a valuation roughly 80x the company's $150 million ARR. The final price nearly doubled Nvidia's initial $7 billion offer from January. This consolidation secures the primary hub for open-source models as competition intensifies from Chinese Flash models. Developers now face a more centralized infrastructure for model hosting.