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Hugging Face approached Nvidias Huang weeks ahead of $12.9B acquisition, CEO tells CNBC

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Nvidia Agrees to Buy AI Platform Hugging Face for $13 Billion

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Society is more likely to get "cat-level" or "dog-level" AI years before human-level AI.

"[W]e will eventually reach AGI... and quite possibly before the end of this century."

"Superhuman AIs" will be achieved "between a few years and a couple of decades."

"Digital intelligence" could overtake us within "5 to 20 years."

"[W]e could get to real AGI in the next decade."

"Human-level" AI could occur in "two or three years."

"I'd be surprised if we don't have AGI by [2029]."

Will AI Surpass Human Intelligence, and When?

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"I think, today, [China is] probably two years behind the top [AI] models [from the US]."

"Where China sits [in AI], I think, is very far behind the US."

"The United States is in a strong position to win the essential [AI] race with China."

"China will dominate AI."

"The combination with China's self-made chips + AI infrastructure stack will put China ahead of the US."

China would "undoubtedly come out on top [in the US-China AI race]."

"[I]t seems like the United States is really far ahead [when it comes to generative AI]."

"China will lead the world in AI development."

In 2025, "China will start to lead the AI race (as a consequence of leading the open-source AI race)."

Will China Surpass the US in AI?

Clément Delangue, co-founder &amp; CEO of Hugging Face, announced Thursday that Nvidia has agreed to acquire the AI developer platform for approximately $12.9 billion, its largest outright purchase to date, surpassing its $6.9 billion buy of networking firm Mellanox in 2020.

Clément Delangue, co-founder & CEO of Hugging Face, announced Thursday that  Nvidia has agreed to acquire the AI developer platform for approximately $12.9 billion, its largest outright purchase to date, surpassing its $6.9 billion buy of networking firm Mellanox in 2020.

Under the deal, Nvidia will pay roughly $11.9 billion to Hugging Face shareholders and offer up to $1 billion in equity-based retention awards to employees who join Nvidia. The transaction is expected to close in the first half of 2027.

Under the deal, Nvidia will pay roughly $11.9 billion to Hugging Face shareholders and offer up to $1 billion in equity-based retention awards to employees who join Nvidia. The transaction is expected to close in the first half of 2027.

Hugging Face hosts more than 3 million open AI systems, 500,000 datasets and 1 million applications, while over 18 million developers and 200,000 enterprise customers use the platform. Nvidia released more than 500 open systems on Hugging Face before the deal.

NVIDIA

Hugging Face hosts more than 3 million open AI systems, 500,000 datasets and 1 million applications, while over 18 million developers and 200,000 enterprise customers use the platform. Nvidia released more than 500 open systems on Hugging Face before the deal.

Hugging Face turned down a $500 million investment from Nvidia last year, which would have valued it at $7 billion, in order to preserve its independence. Its last disclosed funding round in August 2023 valued the company at $4.5 billion.

Hugging Face turned down a $500 million investment from Nvidia last year, which would have valued it at $7 billion, in order to preserve its independence. Its last disclosed funding round in August 2023 valued the company at $4.5 billion.

Delangue told CNBC he approached Nvidia over the summer about a deal, saying open-source AI "was at a turning point" and needed more resources and scale. Nvidia pledged the platform will remain open for the broader AI ecosystem.

Delangue told CNBC he approached Nvidia over the summer about a deal, saying open-source AI "was at a turning point" and needed more resources and scale. Nvidia pledged the platform will remain open for the broader AI ecosystem.

A risk disclosure in Nvidia's SEC filing noted that government restrictions on Chinese-developed AI models could harm Hugging Face's business, since the platform hosts models from Chinese firms, including DeepSeek and Moonshot AI.

A risk disclosure in Nvidia's SEC filing noted that government restrictions on Chinese-developed AI models could harm Hugging Face's business, since the platform hosts models from Chinese firms, including DeepSeek and Moonshot AI.

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Nvidia has agreed to acquire AI developer platform Hugging Face for approximately $12.9 billion, its largest outright purchase to date, surpassing its $6.9 billion buy of networking firm Mellanox in 2020.

Nvidia has agreed to acquire AI developer platform Hugging Face for approximately $12.9 billion, its largest outright purchase to date, surpassing its $6.9 billion buy of networking firm Mellanox in 2020.

Under the terms of the deal, Nvidia will pay roughly $11.9 billion to Hugging Face shareholders and offer up to $1 billion in equity-based retention awards for employees who join Nvidia. The transaction is expected to close in the first half of 2027.

Under the terms of the deal, Nvidia will pay roughly $11.9 billion to Hugging Face shareholders and offer up to $1 billion in equity-based retention awards for employees who join Nvidia. The transaction is expected to close in the first half of 2027.

Hugging Face hosts more than 3 million open AI models, 500,000 datasets and 1 million applications, with over 18 million developers and 200,000 enterprise customers using the platform. Nvidia itself released more than 500 open models on Hugging Face prior to the deal.

Hugging Face hosts more than 3 million open AI models, 500,000 datasets and 1 million applications, with over 18 million developers and 200,000 enterprise customers using the platform. Nvidia itself released more than 500 open models on Hugging Face prior to the deal.

Hugging Face CEO Clément Delangue told CNBC he approached Nvidia over the summer about a deal, saying open-source AI "was at a turning point" and needed more resources and scale. Nvidia pledged the platform will remain open for the broader AI ecosystem.

Hugging Face CEO Clément Delangue told CNBC he approached Nvidia over the summer about a deal, saying open-source AI "was at a turning point" and needed more resources and scale. Nvidia pledged the platform will remain open for the broader AI ecosystem.

A risk disclosure included in Nvidia's SEC filing noted that government restrictions on Chinese-developed AI models could harm Hugging Face's business, as the platform hosts models from Chinese firms including DeepSeek and Moonshot AI. Demand for open-weight models has surged partly due to cost-competitive Chinese alternatives.

A risk disclosure included in Nvidia's SEC filing noted that government restrictions on Chinese-developed AI models could harm Hugging Face's business, as the platform hosts models from Chinese firms including DeepSeek and Moonshot AI. Demand for open-weight models has surged partly due to cost-competitive Chinese alternatives.

Nvidia's acquisition of Hugging Face is a massive win for open-source AI — the deal brings the compute, infrastructure and scale needed to make open-source the default way to build AI. Hugging Face stays open, independent and compute agnostic, with the full team staying on to keep pushing the mission. This is exactly the kind of backing that lets 100 million AI builders own their intelligence rather than rent it.

Nvidia's acquisition of Hugging Face is a massive win for open-source AI — the deal brings the compute, infrastructure and scale needed to make open-source the default way to build AI. Hugging Face stays open, independent and compute agnostic, with the full team staying on to keep pushing the mission. This is exactly the kind of backing that lets 100 million AI builders own their intelligence rather than rent it.

Thomas Wolf

Nvidia paying $12.9 billion — 86 times revenue — for a free model-sharing platform isn't generosity, it's defense. OpenAI, Anthropic and Google are all building their own chips to escape Nvidia's grip, and open-source models running on CUDA GPUs are the one ecosystem that can't defect. Owning Hugging Face locks in the distribution layer for the corner of AI that keeps Nvidia relevant no matter what.

Nvidia paying $12.9 billion — 86 times revenue — for a free model-sharing platform isn't generosity, it's defense. OpenAI, Anthropic and Google are all building their own chips to escape Nvidia's grip, and open-source models running on CUDA GPUs are the one ecosystem that can't defect. Owning Hugging Face locks in the distribution layer for the corner of AI that keeps Nvidia relevant no matter what.

Aakash Gupta

Vaibhav Sisinty

Bull Theory

Rogue AI Agents

Artificial Intelligence

Nvidia to buy Hugging Face for $13 billion

United States of America

This is a massive win for open-source AI — the deal brings the compute, infrastructure and scale needed to make open-source the default way to build AI. Hugging Face stays open, independent and compute-agnostic, and the full team stays on to keep pushing the mission. This backing lets 100 million AI builders own their intelligence instead of renting it.

This is a massive win for open-source AI — the deal brings the compute, infrastructure and scale needed to make open-source the default way to build AI. Hugging Face stays open, independent and compute-agnostic, and the full team stays on to keep pushing the mission. This backing lets 100 million AI builders own their intelligence instead of renting it.

Jensen Huang

Nvidia paying $12.9 billion — 86 times revenue — for a free model-sharing platform isn't generosity. OpenAI, Anthropic and Google are all building their own chips to escape Nvidia's grip, and open-source models running on CUDA GPUs are the one ecosystem that can't defect. Owning Hugging Face locks in the distribution layer for the corner of AI that keeps Nvidia relevant no matter what.

Nvidia paying $12.9 billion — 86 times revenue — for a free model-sharing platform isn't generosity. OpenAI, Anthropic and Google are all building their own chips to escape Nvidia's grip, and open-source models running on CUDA GPUs are the one ecosystem that can't defect. Owning Hugging Face locks in the distribution layer for the corner of AI that keeps Nvidia relevant no matter what.

There's a 26% chance that before 2028, powerful open-source AI will be regulated more tightly than closed-source AI, through newly enacted U.S. law, according to the Metaculus prediction community.

There's a 26% chance that before 2028, powerful open-source AI will be regulated more tightly than closed-source AI, through newly enacted U.S. law, according to the Metaculus prediction community.

David Paul Morris/Bloomberg/Getty Images

Nvidia Acquires Hugging Face for $12.9 Billion

David Paul Morris/Bloomberg/Getty Images

Nvidia Acquires Hugging Face for $12.9 Billion

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Nvidia Acquires Hugging Face for $12.9 Billion

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