Nvidia Agrees to Pay $12.9B for the Platform That Competes AI Models to Zero
Afinetheorem · x · 2026-08-27
Christiano Catalini commented on the news that Nvidia agreed to pay $12.9 billion for Hugging Face, noting that Nvidia, as a complement, is buying the website where AI models get competed to zero. He cited historical patterns, suggesting that general-purpose technologies like steam and electricity perform the same three-act magic trick on the economy.
Related event: NVIDIA Pays Full $13B for Hugging Face with No Rival Bidders(2 posts)→
More from Venture
- Nvidia Leads Perplexity Round at $30B Valuation in Pivot from Hiring Deal — ivan_bezdomny · 2026-08-27
- HuggingFace Had No Other Bids at $13B; Nvidia Didn't Even Negotiate Down — RyanMcC35236715 · 2026-08-27
- Analyze Nvidia Strategy: Buybacks vs. Heavy HBM Investment — toptickcrypto · 2026-08-27
- Startups may measure runway in tokens by 2027 — MillionInt · 2026-08-27
- SoftBank reportedly negotiating control of 1X Technologies at $6B valuation — rohanpaul_ai · 2026-08-27
- Compound VC Thesis: AI Protein Design to Disrupt R&D Reagents Market — anshulkundaje · 2026-08-27