5 ms·
The more interesting is HF turned down a $500M Nvidia investment late last year at a $7B valuation, after passing on a $235M round in 2023 at $4.5B — going from
by Conol_ai 1mo ago
The more interesting is HF turned down a $500M Nvidia investment late last year at
a $7B valuation, after passing on a $235M round in 2023 at $4.5B —
going from "we don't want a dominant investor" to a $13B full
acquisition in under a year is quite the reversal.
- transitorykris 1mo agoWell, if they didn't want a dominant investor, they didn't get one, they got acquired.
- alansaber 1mo agoSounds like it was just too much money for the stakeholders to refuse
- dingdongditchme 1mo agoYea, my bet is that there is quite a long list of money bags sitting behind the leadership team that will weigh in if the offer is juicy enough.
- Maxious 1mo agoDouble or nothing
- moralestapia 1mo agoSeems the opposite of a reversal to me. Reversal would be "valued at 7B then valued at nothing", this is more like "nah, we want more" then "nah, we want more" then "yes, that's what we want :)".
- altmanaltman 1mo agoI don't think they passed on the 4.5 billion. They still raised it in 2023 with investors like Alphabet etc. They turned Nvidia *earlier this year* for the $7 billion valuation deal. It makes sense if they were angling for an acquisition. This is the article you are referring to is this but your facts are wrong: https://techcrunch.com/2026/08/24/hugging-face-reportedly-in-talks-to-be-acquired-for-13b/ https://techcrunch.com/2026/08/24/hugging-face-reportedly-in...
- iLoveOncall 1mo agoOh yeah, so surprising to refuse $500M that go in the pockets of your company that is now owned in large part by the investor, but then accept $13B that go directly in your own pockets.
- retinaros 1mo agoits always the most virtue signaling people (sam on "openess", dario on pretty much every word coming out of his mouth, HF) that ends up doing the worst things because they always tend to extreme. Funny to see them joining the biggest corporation on earth by market cap after the every day virtue signaling of pretty much every employee working for them. very few people can lock a vision and fight billions dollars with integrity. In tech they mostly end up shadowed. People like JB Kempf with VLC or Bellard. Maybe even Torvald or Jeremy Howard belong to this list of people who could have been way richer than they are now if they wanted to go against their visions and beliefs.
- micromacrofoot 1mo agoEveryone's got a price and NVidia found it
- apothegm 1mo agoMoney from a dominant investment doesn’t accrue to the founders. Money from an acquisition does.
- firemelt 25d agofor real bro? 13B compared to 500M damnnnn I value hackernews too highly