AIReuters4 days ago
Nvidia to Buy Hugging Face for $12.9B
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Nvidia agreed to acquire Hugging Face for $12.9 billion, valuing the ten-year-old startup at roughly 86 times its $150 million annualized revenue. The deal, nearly triple Hugging Face's 2023 valuation of $4.5 billion, follows Nvidia's $6 billion agreement with Poolside and Stripe's $7 billion OpenRouter acquisition.
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