Home / Business and Economy / AI Founders Join Billionaire Ranks After Nvidia Deal
AI Founders Join Billionaire Ranks After Nvidia Deal
4 Sep
Summary
- Three French founders are now billionaires due to the Nvidia acquisition.
- Nvidia's acquisition of Hugging Face is valued at approximately $13 billion.
- The deal is expected to close in the first half of 2027.
Hugging Face's three French founders have achieved billionaire status following Nvidia's agreement to acquire the artificial intelligence platform for approximately $US13 billion. This significant transaction is slated for completion in the first half of 2027, representing a major step for Nvidia's AI expansion.
Clement Delangue, Julien Chaumond, and Thomas Wolf will each hold an estimated net worth of $US1.8 billion. Hugging Face, founded in Paris in 2016, has championed open-source AI and will continue to operate as an open platform under Nvidia.
The co-founders, who have publicly advocated for accessible AI, will remain with the company under a six-year retention agreement. This acquisition highlights the growing influence and financial potential within the AI sector, with French nationals notably emerging as key figures in its global landscape.
