alt Hacker NewsNvidia to acquire Hugging Face
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These Hugging Face guys made out like BANDITS!!!! Good for them. My favorite part is they approached Jensen for the buyout. They knew, very smart and mature on the founders/board.
Not sure why this is news again this week when it was already announced previously. NYTimes was also reporting this like it was news today.
Feels like acquiring Docker Hub (just the hub, not even Docker Inc that controls Docker the software) in ~2018. AI craze valuations are truly out there.
My understanding of Hugging Face is limited to "File Host with Model Cards". Can someone with more understanding explain what the $12 billion value comes from?
Is the fact that Nvidia is also massively financing the closed-models companies, which stand to lose when open model project(s) take off, a conflict of interest here? I can’t tell if this is nvidia hedging or planning to embrace & extinguish.
Happy for the hugging face team. Many great folks there who’ve waited patiently for HF to find a business model, and finally they get something even better.
Theoretically, can Nvidia direct Hugging Face to sue OpenAI now for the hack? Surely they could find some interesting stuff in discovery :)
They approached Nvidia to start the conversation. I guess sometimes great companies are sold, not just bought.
Somebody better prep archive.org to buy a few more petabytes of storage.
$12,930,300,000?
Hugging face emoji = HTML entity 🤗
Is it feasible for someone else to just start something almost identical by hosting a bunch of local models?
There goes the neighborhood.
Another investing W for Kevin Durant, who is likely producing better returns than most VCs while being a full-time athlete.
https://finance.yahoo.com/news/kevin-durant-investment-portf...
I personally think this acquisition is genius anybody who could afford it would be wise to own HuggingFace because they are incredible
Huggingface, llama.cpp and all European frontier. Congrats to Huggingface Team, that amount is tempting but nowhere near your real evaluation. You were about to blow up and there is no AI bubble (just not enough infrastructure like energy and hardware to process current and exponential inevitable growing tokens). Huggingface is bringing the real value to AI community, all the rest is more like scalping IMHO. Nvidia is a great company but not opensource friendly by historical doings. Today is a sad day for the community. Put a timer 2 year from now and mark this words: Huggingface is the free foundation, get what you can today.
> Together, we will make AI more open, more capable and more accessible to people and institutions around the world.
Agreed. Then maybe Nvidia should open source nvcc and CUDA the next software that should be open sourced.
Life changing for engineers having joined a few year ago. Congrats
Openrouter and huggingface both sold to multi billion dollar entities in the same few weeks - perhaps this is great for the founders, but as a consumer I hate this acquisition loop that happens with every company of adequate size these days.
The goal of the deal is to speed up open source according to Nvidia what a laugh ha ha ha …
Where is the EU in all this? Is this not similar to letting another European tech company disappear from Europe ie.. Arms Holding which was sold to the Japanese, how do you compete going into the future in the tech world if you let European companies be bought out by foreign companies. Declaring them gatekeepers down the road and issuing a fine will never make you a tech powerhouse.
Is this just another symptom of the EU being run by politicians and lawyers who don’t seem to grasp/understand tech.
I don't really understand why the AI equivalent of Maven Central is worth 12.9 billion dollars but maybe I'm an idiot.
Dupe.
Not A Bubble
Not A Bubble
Not A Bubble
Not A Bubble
Not A Bubble
Not A Bubble
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Discussed last week at: https://news.ycombinator.com/item?id=49458161