This is going to suck. Open weight models need to become the norm on torrents.
Nvidia agrees to acquire Hugging Face for $13B
451–460 of 952 posts
Re: Nvidia agrees to acquire Hugging Face for $13B
#452This is going to suck. Open weight models need to become the norm on torrents.
Agree. this sucks already.
Re: Nvidia agrees to acquire Hugging Face for $13B
#453Well congrats to Clem and the team. I remember when huggingface was doing things like coreference resolution models on spacy. I hope nvidia does right by the community. Edit to add: $13B should cover the S3 egress fees for a couple months :D
Ah yes Spacy, good times :)
Re: Nvidia agrees to acquire Hugging Face for $13B
#454is this a leverage?
https://openai.com/index/hugging-face-incident-and-the-road-...
Re: Nvidia agrees to acquire Hugging Face for $13B
#455Earlier quoted context omitted.
To be fair Microsoft haven’t done as much integration with their eco system; such as integrating it with Azure DevOps as they could. And long may it continue.
You missed the whole game-ification, enshitification, copilot-ification of github, and open source theft for their AI training episodes Always like that with Microsoft apologists
Not a fan of defending GitHub, but TBH them launching GithubActions made me abandon all other CI platforms I was using in the past, I even left GitLab just for that.
Re: Nvidia agrees to acquire Hugging Face for $13B
#456https://en.wikipedia.org/wiki/Market_foreclosure
This acquisition should be blocked (and never will sadly), they now have both the incentive and the ability to influence a platform that's supposed to be hardware agnostic (and built trust over that) toward CUDA stack
Microsoft did the exact same with github, acquired stack agnostic platform, and turned it into a copilot/azure one
Re: Nvidia agrees to acquire Hugging Face for $13B
#457Earlier quoted context omitted.
Because making new AI models is a research activity, so the group within Nvidia (or other companies) that does that activity is called a research lab, or just "lab" for short. I don't think anyone is saying that all of Nvidia is a lab (that's just shorthand I guess).
What amuses me is that “lab” is shorthand for “laboratory” and virtually no computer research happens inside a room people would typically call a lab. It’s a little like the trend of calling developers “engineers”. There’s no actual engineering in the traditional sense but I’m sure developers think it sounds cool to call themselves that.
If you can't tell the difference between computer science and software engineering, then at least one of those worlds contains none of your feet.
Re: Nvidia agrees to acquire Hugging Face for $13B
#458It feels really weird to see this when I keep seeing the CEO and CTO of HuggingFace push for local inference to win.
You forget that Nvidia has also been the top consumer GPU player for 20 years.
Re: Nvidia agrees to acquire Hugging Face for $13B
#459Earlier quoted context omitted.
Same reason why GitHub was acquired for $7.5B at $250 million ARR which is 30x revenues: VCs could not see any other reason to raise more money and Huggingface was not growing as fast as they thought to justify the valuation or the next fundraise. So they might as well get Nvidia to save them from the VCs pressurizing them.
That doesn't make much sense to me. Companies don't just buy companies for absurd multiples out of the niceness of their heart. In the case of GitHub, it was likely for data reasons + wanting to own where developers do work (VScode + Github). In the case of HuggingFace, honestly not sure as I'm not familiar enough with their business. But I can assure you that Nvidia didn't buy them for 13 billion cause HuggingFace w…
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Re: Nvidia agrees to acquire Hugging Face for $13B
#460Earlier quoted context omitted.
I dunno. You can argue over whether they're overpaying, but it's not like Huggingface is Clinkle. They hit $150 million in ARR this year, they have tons of runway, and according to reports, have just started to even burn the money they raised a few years ago. I get that it's fun to be glib about the stupidity of tech elites and investors in general, but Huggingface have been pretty open about their financials and are…
150 million a year? Why, at that rate NVidia will make their money back in just 86 years.
Basic napkin math: 5% IRR means they'd only need to 4.5x their revenue to make this roughly work. If they can finance this cheaper and/or do not have better options for their cash, it's even less.