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Nvidia has a market cap of $5T, and so far today the stock is up almost 10%, so that's another $500B. Paying $13B for HF is chump change to them. NVidia have b
by HarHarVeryFunny 2mo ago
Nvidia has a market cap of $5T, and so far today the stock is up almost 10%, so that's another $500B. Paying $13B for HF is chump change to them.
NVidia have been making lots of moves recently towards supporting open weight models and local AI, and it makes sense for them to buy HF who support the same, if for no other reason than to prevent someone else like Musk buying them just to shut them down, although I assume they have plans to do a lot more than just keep HF alive.