Episode notes
Two deals in one week, opposite ends of the market, same move. Accrual takes Puzzle's ledger and close products. Nvidia takes Hugging Face, reportedly 12.9 billion, with Bloomberg putting it nearer 14.
Nvidia already sells the chips. Hugging Face is GitHub for AI models, so buying it buys the community sitting above them. Spades to the frontier labs, spades to the open source world, because which way this goes is still undecided.
The Puzzle read is about where venture money is going. Taking the ledger off Xero, QuickBooks and MYOB is brutal work. Sitting on top of all three in the workflow layer looks like the better bet. Though venture has been wrong before, and Cam has a cousin who used to decorate houses inside virtual reality.
Jez and Cam on buying the layer below you, and on the robot duck that got more coverage than either deal.
Five minutes. One thing that matters. We ignore the rest, so you can too.
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