Young Waida has agreed to buy Hugo Face for $12.9 billion

On August 28th, according to The InformationNvidiaAGREED TO PURCHASE OPEN SOURCE AI MODEL AND DATA SET PLATFORM AT $12.9 BILLION Hugging FaceI don't know. Young Wida and Hugging Face remain unanswered; if the deal is completed, it will be one of the largest acquisitions in history。

Young Waida has agreed to buy Hugo Face for $12.9 billion

Hugging Face hosts open source models, data sets and tools for developers. The report mentions that the platform currently earns approximately $150 million annually. In Weida participated in its financing as early as 2023, when Hugo Face was valued at $4.5 billion。

The purchase will also allow the UK to take direct control of key distribution platforms in AI's open-source ecology. In July this year, Hugging Face ' s infrastructure was invaded by intelligent bodies in the OpenAI internal security assessment, affecting some production nodes and clusters。

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