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Hugging Face\u2019s three French founders have emerged as billionaires after the artificial intelligence platform agreed to be acquired by Nvidia a decade after they first started the company with a completely different focus.<\/p>\n
Clement \u201cClem\u201d Delangue, 38, Julien Chaumond, 42, and Thomas Wolf, 41, will each have a net worth of about $US1.8 billion ($2.5 billion), according to the Bloomberg Billionaires Index, which is valuing their fortunes for the first time. Nvidia agreed to buy the startup in a transaction valued at about $US13 billion.<\/p>\n
![\"Clem](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/43ac43202ea2f02b1987db26363d5899eaf223d9.jpeg\")
Clem Delangue (pictured), Julien Chaumond and Thomas Wolf will stay with the company after the deal goes through. Bloomberg<\/p>\n
A spokesperson for Brooklyn-based Hugging Face, which began in 2016 in Paris, didn\u2019t respond to requests for comment about the founders\u2019 wealth.<\/p>\n
The deal \u2013 expected to close in the first half of 2027 \u2013 marks the biggest move yet by Nvidia chief executive Jensen Huang to broaden the uptake of AI and extend his customer range. It\u2019s also a big test for Hugging Face, which has long backed keeping the industry open and decentralised, boasting it\u2019s \u201con a mission to democratise good machine learning\u201d and describing itself as being like an AI library.<\/p>\n
\u201cI am honoured that Clem came to me as he considered the next chapter of Hugging Face and believed Nvidia would be a great home for the company,\u201d Huang said in a blog post<\/a> announcing the deal.<\/p>\n Related Article Hugging Face operates a platform for sharing AI models that can be used freely by others. It was at the centre of a cybersecurity incident this year when it was inadvertently hacked by a model being tested by OpenAI<\/a>.<\/p>\n Under the deal unveiled, Nvidia, which is now the world\u2019s most valuable company with a market capitalisation of about $US5.5 trillion, pledged that Hugging Face would remain an open platform, with users able to upload and download AI models and datasets of their choosing. The co-founders are to remain at the company under a six-year retention agreement, Wolf said in an interview on Bloomberg TV.<\/p>\n The three co-founders have made public accessibility to cheaper, open-source AI models their mantra, even organising a street march in San Francisco earlier this year in support of the principle.<\/p>\n \u201cI think it would be a really great world if we can enable, empower more people to be AI builders because it means that we won\u2019t outsource that to just a couple of labs in Silicon Valley,\u201d Delangue, who is chief executive, said earlier this year at a conference.<\/p>\n The Hugging Face three join the three founders of Paris-based Mistral AI as French nationals who have become billionaires through their stakes in AI and computing companies. Also included in the cohort are Olivier Pomel and Alexis Le-Quoc, founders of New York-based Datadog.<\/p>\n Their success has sparked some soul-searching in France because in the case of Datadog and Hugging Face it has come outside the country. French President Emmanuel Macron has made turning the nation into a serious global AI competitor a policy priority. While illustrating prowess in engineering talent, the two companies have also shown the advantages of the US\u2019s extensive capital markets in fuelling tech company growth and wealth creation.<\/p>\n Despite having headquarters in New York and living in Miami, Delangue has said the company considers itself Franco-American and is \u201cstrongly attached to France\u201d, where most of its employees are based.<\/p>\n His first startup experience was with Moodstocks, a developer of machine-learning based on image recognition technology, that was bought by Google, according to his LinkedIn profile. He attended universities in Madrid, Dublin and Bangalore before going to a French business school and taking an online introduction to computer science course at Stanford University, where co-founder Chaumond had completed some of his studies.<\/p>\n They started their company a decade ago, choosing Hugging Face as a \u201ctemporary\u201d name, and later joining billionaire Xavier Niel\u2019s startup campus Station F, located in a redeveloped, century-old freight station in Paris. In a post on LinkedIn ahead of the deal announcement, Station F said the three first arrived in 2017 to develop a chatbot for teenagers, then pivoted, began raising money, and were set to become a \u201ctitan of an exit\u201d.<\/p>\n Singing robot<\/p>\n Delangue has said they honed in on the idea of creating a platform for open-source models after co-founder Wolf spent a weekend repackaging Google\u2019s \u201cBert\u201d model and then putting it online to great acclaim.<\/p>\n As chief science officer, Netherlands-based Wolf was one of the drivers behind Hugging Face\u2019s release last month of a singing $US400 bipedal robot called Microduck, which he has said is aimed at showing AI is \u201cvery accessible\u201d and not expensive or scary. The company\u2019s foray into robotics came after it took over a French developer called Pollen Robotics.<\/p>\n Like Chaumond, Wolf attended France\u2019s elite engineering school Ecole Polytechnique. He then completed a PhD in physics and a law degree in Paris before practising for six years as a European patent lawyer with clients including a roster of machine-learning startups.<\/p>\n![\"Tim](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/1788665545_283_71e1851cbfa6f7237a8caec371cf40dcafef8f00.jpeg\")
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The company was at the centre of a cybersecurity incident this year when it was inadvertently hacked by a model being tested by OpenAI.Bloomberg<\/p>\n![\"Hugging](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/e6403eecfc245bf06a705dff3bfa0e88104fcc26.jpeg\")
Hugging Face\u2019s chief scientist officer, Thomas Wolf, is among those cashing in. Bloomberg<\/p>\n
![\"A](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/f1cc59906651f37414363de491d04f9a94da40d6.jpeg\")
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