SCB 10X reported that Nvidia is set to acquire Hugging Face for $12.93 billion, expanding its presence in the Open-source Models market.
Public source
Publisher name
Public post
#Weeklynews Update trends in Tech and Startup! . 1. Nvidia is set to acquire Hugging Face, a popular AI developer platform, for $12.93 billion, expanding its presence in…
Company
SCB 10X
WE BACK EXPONENTIAL & ENDURING FOUNDERS
- Industry
- Investment Management
- Location
- Bangkok, TH
- Company size
- 11–50 employees
About SCB 10X
SCB 10X is the venture capital arm of SCBX Group focused on disruptive technologies. Since our launch in 2020, we have deployed over USD 500 million globally into startups building groundbreaking innovation in AI, blockchain, and fintech. We back founders with the passion, depth and foresight to build companies that are exponential and enduring. Beyond capital, we partner with our startups to design, test and scale their products through SCBX’s network, unlocking commercial opportunities into Thailand and Southeast Asia. Mandated as our group’s speedboat, we discover and ship state-of-the-art technologies and solutions into SCBX group
See moreLatest activity
Latest activity from SCB 10X
10 signals
Capital & Finance
SCB 10X noted that Wonderful raised $550 million in Series C funding, bringing its valuation to $5 billion.
Capital & Finance
SCB 10X noted that Nscale, a UK-based AI Infrastructure provider, is in talks to raise an additional $3.5 billion ahead of a potential IPO, including $1.5 billion in convertible notes and another $2 billion in financing from Nvidia.
Strategy & Corporate Development
SCB 10X reported that Talos has added end-to-end Linear Derivatives Trading capabilities to its Talos White Label platform.
Discover more
Similar signals
Similar public activity from other companies.
Strategy & Corporate Development
Seaspray Private
Seaspray Private reported that NVIDIA has agreed to acquire open-source AI platform Hugging Face for around $13bn.
Strategy & Corporate Development
NVIDIA
NVIDIA entered into a definitive agreement to acquire Hugging Face, home to more than 18 million developers, 3 million models, and 200,000 companies.
Strategy & Corporate Development
BEP Research
BEP Research notes that NVIDIA agreed to buy Hugging Face for $11.9B to stockholders with up to $1B retention.
Strategy & Corporate Development
Hugging Face
Hugging Face announced that it will join forces with NVIDIA in a $12.93B acquisition.
Strategy & Corporate Development
Salesforce Ventures