alt Hacker NewsThe 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.
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Sounds like it was just too much money for the stakeholders to refuse
I don't think they passed on the 4.5 billion. They still raised it in 2023 with investors like Alphabet etc. They turned Nvidia *earlier this year* for the $7 billion valuation deal. It makes sense if they were angling for an acquisition.
This is the article you are referring to is this but your facts are wrong: https://techcrunch.com/2026/08/24/hugging-face-reportedly-in...
Seems the opposite of a reversal to me.
Reversal would be "valued at 7B then valued at nothing", this is more like "nah, we want more" then "nah, we want more" then "yes, that's what we want :)".
Well, if they didn't want a dominant investor, they didn't get one, they got acquired.