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Nvidia’s Hugging Face Deal Is a Hedge against Broadcom’s Custom Silicon Threat
Insider Monkey20d agoneutral
Nvidia’s Hugging Face Deal Is a Hedge against Broadcom’s Custom Silicon Threat

NVIDIA Corporation (NASDAQ:NVDA) has officially committed billions on AI developer platform Hugging Face for a $12.9 billion. The deal signifies the chipmaker’s move beyond hardware and up the AI stack. The AI chipmaker buying the open-source model hub millions of developers are already using reads differently when compared to Broadcom’s earlier forecast to double its […]

Pitchbook20d agoneutral
Nvidia's $12.9B Hugging Face deal shows why IPOs are now optional

Hugging Face spent years doing everything a company does before going public. It hit $150 million in annualized revenue, attracted 18 million developers to its platform, and netted almost $395 million from backers like Amazon, Intel, Sequoia and Coatue. Then Nvidia made it an offer it couldn’t refuse. On Thursday, the chipmaker confirmed a deal to acquire the AI model distribution platform for $12.9 billion. The IPO has always been the destination for venture-backed companies. Before the late 20