Nvidia has been in talks to amass Hugging Face, the favored AI platform for sharing and constructing with open-source fashions, in what might be one of many chip big’s greatest offers but.
The 2 events have had acquisition conversations in latest weeks a couple of deal that might value Hugging Face at more than $13 billion, in response to an individual accustomed to the matter. The businesses haven’t but reached a deal, and the talks might nonetheless disintegrate, the particular person mentioned. Enterprise Insider on Sunday was the primary to report that Hugging Face was fielding takeover curiosity.
Nvidia and Hugging Face didn’t reply to requests for remark.
Nvidia has increasingly ramped up dealmaking with its huge money pile. The corporate mentioned Wednesday that it has $18 billion dedicated to fairness investments for the remainder of its fiscal yr, on high of $47.9 billion it already holds in personal firms.
Microsoft additionally met with Hugging Face, however the particular person acquainted and a second particular person mentioned talks should not ongoing.
Nvidia already has a relationship with Hugging Face. The chipmaker participated in its $235 million funding spherical in 2023 that valued it at $4.5 billion.
Hugging Face turned down a $500 million funding provide from Nvidia late final yr that might have valued it at $7 billion, the Monetary Instances beforehand reported. Hugging Face mentioned on the time it didn’t need a dominant investor that would sway selections.
Hugging Face sits on the heart of the open-source AI ecosystem, internet hosting thousands and thousands of AI fashions and datasets that builders can construct on. Proudly owning the platform might give Nvidia a much bigger foothold with these builders — and doubtlessly drive extra workloads onto its chips.
Hugging Face was based in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond, and Thomas Wolf.
However Nvidia possession might additionally complicate certainly one of Hugging Face’s strengths: its neutrality. The platform helps fashions and {hardware} from throughout the trade, together with Nvidia opponents akin to AMD and Intel.
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