A $13bn acquisition used to be a ‘big deal’.
Nvidia is reportedly paying that for Hugging Face. If so, three highly talented French founders get very rich and their CEO Clément Delangue would certainly be cashing out as a billionaire.
Yesterday, Nvidia's share price rose 8.7% – adding $442bn to its market cap. The second-largest one-day gain ever, behind Microsoft’s $450bn last month.
So Nvidia gained the value of 34 Hugging Faces in a day, and spent one of them.
Nvidia is reportedly paying that for Hugging Face. If so, three highly talented French founders get very rich and their CEO Clément Delangue would certainly be cashing out as a billionaire.
Yesterday, Nvidia's share price rose 8.7% – adding $442bn to its market cap. The second-largest one-day gain ever, behind Microsoft’s $450bn last month.
So Nvidia gained the value of 34 Hugging Faces in a day, and spent one of them.