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Nvidia agrees to acquire Hugging Face for $13B

businessinsider.com

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Re: Nvidia agrees to acquire Hugging Face for $13B

#511

Post by j-bos »

miki123211 wrote: post #468
doe88 wrote: post #422

Nvidia for Hugging Face will be even worse than Microsoft for GitHub and we know now how low the bar is here.

I heavily disagree. Nvidia has a strong interest in open source AI being a strong contender to proprietary models. They don't want a single AI company to win, as that company would then have enormous leverage over Nvidia, and could perhaps even erode the Cuda moat with their own chip spending. They want the AI market to be hypercompetitive, with AI companies focusing on competing amongst themselves instead of with Nv…

But Nvidia isn't the only gpu maker..,

Re: Nvidia agrees to acquire Hugging Face for $13B

#515

Post by pyrale »

teiferer wrote: post #428
pyrale wrote: post #355

Earlier quoted context omitted.

> NVIDIA is one of the most open labs. Nvidia’s history with linux shows the opposite. And as a user running models on a linux/AMD stack, this information does not fill me with hope.

"lab" vs "company as a whole" They might be right w.r.t. openness about LLM at the moment, but w.r.t. general software openness they are definitely the opposite of open.

The company as a whole bought hugginface and will set its policy, though, not the lab.

Re: Nvidia agrees to acquire Hugging Face for $13B

#517

Post by speed_spread »

techpression wrote: post #268
r0b05 wrote: post #182

Earlier quoted context omitted.

We are so used to these numbers being thrown around in the AI era that something one needs a reminder that this is 13 billion, not million. Insane exit by HF.

Was looking for this comment, the tech world has gotten completely insane with ”valuations”. I would love to hear why it was 13 and not 5. It would still be completely insane at 5 billion, but someone though they should add another 8…

Opportunity cost for Nvidia to prevent HF from going public or being sold to someone else. It's an insight into Nvidia's market prediction and what HF told them they'd do if left alone.

Re: Nvidia agrees to acquire Hugging Face for $13B

#518

Post by Maxious »

alansaber wrote: post #170
Conol_ai wrote: post #131

The more interesting is HF turned down a $500M Nvidia investment late last year at a $7B valuation, after passing on a $235M round in 2023 at $4.5B — going from "we don't want a dominant investor" to a $13B full acquisition in under a year is quite the reversal.

Sounds like it was just too much money for the stakeholders to refuse

Double or nothing

Re: Nvidia agrees to acquire Hugging Face for $13B

#519

Post by rfw300 »

heliosAtwork wrote: post #194
binarymax wrote: post #62

Well 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

They need to switch to egrees free cloudflare R2!

Cloudflare R2 has free egress only until Cloudflare’s enterprise sales team sets its sights on your wallet :)

Re: Nvidia agrees to acquire Hugging Face for $13B

#520

Post by sigmoid10 »

ricardobayes wrote: post #506

Anyone could comment or speculate what this enormous valuation stems from? Sources list their revenue as $150M? If true this is likely one of the biggest valuation gap I've ever seen. IMO hugging face is not something could not be reproduced, perhaps not very easily but I see its business model akin to github's. Various github alternatives exist and so will hugging face alternatives.

Huggingface is not a product, it's a community. It's the go-to place where everyone who has anything to do with open AI models gathers. You could trivially reproduce their stack, but building such a huge AI community around a single place is probably impossible by now.
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