Nvidia has agreed in principle to acquire Hugging Face at approximately twelve point nine billion dollars, per reporting from The Information, though the deal has not been formally signed and remains subject to change. The acquisition would give Nvidia control of the dominant open-source AI platform — its model hub, dataset repository, and developer cloud — at precisely the moment its largest customers, including OpenAI, Google, Amazon, and Anthropic, are developing proprietary silicon to reduce their Nvidia dependence. The strategic logic of the acquisition requires no elaboration: ownership of the infrastructure on which independent AI development is conducted ties continued development to Nvidia's GPU ecosystem regardless of who builds the competing chips. Antitrust scrutiny is effectively certain given Nvidia's estimated eighty per cent share of the AI accelerator market; the regulatory review process, in whatever jurisdiction it proceeds, will require Nvidia to demonstrate that the acquisition does not foreclose competitive alternatives in a market where Nvidia is already the dominant supplier of the compute on which those alternatives run.
Startups
Grindr: $540M Revenue, 40% EBITDA Margins, 16 Consecutive Growth Quarters — and a 35% Valuation Discount the Market Can't Explain
The fundamentals of one of the most underappreciated consumer tech turnarounds trade at a persistent…