Nvidia Eyes $13 Billion Hugging Face Deal as It Goes All-in on Open Source AI
9 Articles
9 Articles
Hugging Face rejected Nvidia at $7B, now weighs a $13B sale
Hugging Face has been approached to sell itself at a valuation of $13 billion or more, reports say, but there is no deal yet. The AI model-sharing platform has begun working with banks to review incoming bids. Hugging Face waved off $500M to keep Nvidia out Earlier this year, Hugging Face turned down a $500 million check from Nvidia, which would have valued the company at $7 billion. The reason given then was governance. Hugging Face didn’t want…
Hugging Face Eyes $13 Billion Sale After Rejecting Nvidia's $7 Billion Offer
What happened Hugging Face is shopping itself around. The company has engaged a bank to gauge buyer interest at a… Read the original on Hugging Face Seeks $13 Billion Sale After Turning Down Nvidia’s $7 Billion Offer. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
A possible sale of Hugging Face revives the questions about the value of platforms that structure the open source ecosystem. According to Business Insider, the company would have commissioned a bank to probe buyers, with a potential valuation of $13 billion or more. No agreement still exists and the buyers remain unknown. This hypothesis comes a few weeks after an intrusion related to an AI agent from OpenAI, adding a new issue to this issue alr…
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