According to the British business daily “The Financial Times,” this price far exceeds the value of 7 billion US dollars, which had formed the basis for initial negotiations with Nvidia at the end of last year.
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Meanwhile, it is reported that the AI platform rejected a 500 million US dollar investment from the California-based chip manufacturer.
“The Information” quoted an unnamed person familiar with the agreement in its report.
Both technology companies have so far not responded to requests for comments from the AFP news agency.
Founded in New York in 2016 by three French entrepreneurs, the company “Hugging Face” calls itself “a community building the future of AI.”
The company promotes open models that can be downloaded and modified, unlike the closed models offered by competitors “OpenAI” or “Anthropic.”
More and more companies and software developers are choosing open models, which are often cheaper than their closed alternatives, to reduce costs.
“Hugging Face” was valued at 4.5 billion US dollars in its last funding round in 2023.
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