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- Hacker News
- They approached Nvidia to start the conversation. I guess sometimes great companies are sold, not just bought.by arbuge
- I still don't get why Clem now approeached Jensen about it despite the fact that last year HF turned down a large investment from NVIDIA at a US$7bn valuation to "maintain its independence".
https://aimagazine.com/news/nvidia-to-acquire-hugging-face https://www.ft.com/content/776dcb01-75cd-44df-bc52-63ca76d57...
by meowsers - Somebody better prep archive.org to buy a few more petabytes of storage.
- Theoretically, can Nvidia direct Hugging Face to sue OpenAI now for the hack? Surely they could find some interesting stuff in discovery :)by unddoch
- Or, alternatively, they can now direct Hugging Face not to sue...by senshan
- why would they sue their client ?! what does that say to all their other clients ?by aslkalska
- Why would they sue one of their most important customers?by LtWorf
- Why would they sue OpenAI, openai is their one of biggest customer.by acd10j
- I was also theorizing that part of their acquisition was to get more intel on that, though I feel like in practice that whole thing right now is just theatre for inflating the cybersec marketby hmokiguess
- 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.by malwrar
- no, it's not a conflict of interest to invest in multiple companies who compete with each other.by notatoad
- Nvidia is among the best positioned if open models win.by pphysch
- 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.by gk1
- Hugging Face has an identity problem. It needs a gestalt therapist to take it back to where it was meant to grow up.by abhayaya
- 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?by corysama
- This is the most compelling case I've come across:
https://www.decodingdiscontinuity.com/p/nvidia-hugging-face-...
tldr; Acquisition is an option on Hugging Face becoming the distribution and data-creation infrastructure for open physical AI.
by hmartin - They offer inference, too. I don't know anyone who uses this service, but presumably it must be reasonably popular.by eitally
- I only learned about their CDN and protocol called Xet a couple of days ago https://huggingface.co/docs/hub/en/xet/index That puts it in the Cloudflare of AI models category.by zcw100
- They are the primary service for this. That comes with an audience and a lot of data.by fennecbutt
- 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.by oefrha
- There goes the free lunchby tetris11
- $12,930,300,000?
Hugging face emoji = HTML entity 🤗
- If you place those easter eggs the places literally worth millions I doubt that the price is really based on the valueby croes
- 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.by cmiles8
- Because it's a new blog post with new informationby 7bit
- Wasn’t officialby retinaros
- 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.by sealthedeal
- Maybe they approached, tried to work together but then got bought out? Very common.by alexpadula
- I don’t think many realize how hard it is to raise for a no revenue company that isn’t buying out large GPU contracts and racking machines.
They have a winning product for sure… the worlds models have chosen a hugging face workflow, but honestly where would they be able to find the revenue required to justify another couple rounds at ever higher valuations.
To me, I think these folks see that the music is getting harder to hear and might stop entirely, might as well cash out. I do hope their employees were well taken care of, and 13b of NVDA is likely to be worth a lot more in the coming years.
by chews - Overheard: "It would be a shame if Hugging Face had to press charges for hacking against your best customer. Perhaps if I was busy counting my money, it might slip my mind."