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Nvidia Agrees to Buy Hugging Face for $12.9 Billion, The Information Reports
- Nvidia has agreed to purchase AI platform Hugging Face for US$12.9 billion, according to The Information citing a knowledgeable source.
- Hugging Face, based in New York, hosts open-source large language models and datasets and has been previously backed by Nvidia, Salesforce, and Google's parent company Alphabet.
- In 2023, Hugging Face raised US$235 million in funding, valuing the company at US$4.5 billion, and rejected a US$500 million investment offer from Nvidia last year valuing it at US$7 billion.
- Nvidia predicts a 70% increase in revenue in the next fiscal year, reflecting strong demand for AI computing and has US$18 billion committed to equity investments for fiscal 2027.
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Nvidia agrees to buy Hugging Face for $12.9 billion in major AI deal, taking control of the ‘GitHub of AI’ - Tech Startups
Nvidia has agreed to buy Hugging Face for $12.9 billion, a deal that would put the world’s dominant AI chipmaker in control of one of the most important distribution hubs for open AI models. The Information first reported the agreement […] The post Nvidia agrees to buy Hugging Face for $12.9 billion in major AI deal, taking control of the ‘GitHub of AI’ first appeared on Tech Startups.
Coverage Details
Total News Sources17
Leaning Left3Leaning Right6Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 23%
C 31%
R 46%
Factuality
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