英伟达拟140亿美元收购Hugging Face，Anthropic IPO临近
AI Investments, Record M&A, Angels Sold | Bloomberg Deals 9/2/2026
涵盖英伟达重大并购、Anthropic顶级IPO及医药巨头资本运作，均为市场核心关注点，建议密切关注相关标的动态。
LIVE FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK CITY, WE ARE TRACKING THE KEY PLAYERS, THE MAJOR MOVES IN THE CAPITAL FLOW SHAPING CAPITAL MARKETS. THIS IS BLOOMBERG "DEALS." DANI: WELCOME TO ANOTHER EPISODE OF BLOOMBERG "DEALS." THE ONLY SHOW DEDICATED TO CORPORATE ACTION RESHAPING MARKETS. NVIDIA SAID TO BE NEARING AN ACQUISITION OF THE AI START UP HUGGING FACE FOR $14 BILLION. M&A SET TO MAINTAIN ITS PACE. WE WILL HAVE AN EXCLUSIVE INTERVIEW WITH DOROTHEE BLESSING J.P.
本台从位于纽约市的彭博全球总部进行现场直播，我们正追踪关键人物以及塑造资本市场的资金流动重大动向。这是彭博“交易”节目。达妮：欢迎收看另一期彭博“交易”。这是唯一一档致力于报道重塑市场企业行动的节目。据报道，英伟达（NVIDIA）正接近以140亿美元收购人工智能初创公司Hugging Face。并购活动预计将保持其势头。我们将独家采访摩根大通的多萝西·布莱辛（Dorothee Blessing）。
MORGAN. DEALMAKERS PLAYING BALL WHEN IT CAME TO SPORTS FRANK -- WHEN IT COMES TO SPORTS FRANCHISES. THIS TIME IT IS THE LOS ANGELES ANGELS. LET'S START WITH OUR TOP STORY, AND THAT IS THE HUGGING FACE ACQUISITION. THE START UP IS A PLATFORM IN LIBRARY FOR OPEN SOURCE MODELS DESCRIBED AS THE GITHUB FOR AI. RHEINGOLD BROKE THE STORY AND HAS MORE FOR US. WHY WOULDN'T VIDEO BE INTERESTED IN HUGGING FACE? RYAN: IT IS PART OF DEMOCRATIZATION PLAY BY NVIDIA.
在体育特许经营权方面，交易商们正在打球——弗兰——当涉及到体育特许经营权时。这次是洛杉矶天使队。让我们从头条新闻开始，那就是收购Hugging Face。这家初创公司是一个开源模型库平台，被描述为“AI领域的GitHub”。莱因戈尔德（Rheingold）率先报道了这一消息，并为我们带来更多详情。为什么视频会对Hugging Face感兴趣？瑞安：这是英伟达民主化战略的一部分。
ON GOOGLE, ETC., SORT OF CONTROL OR DOMINATE THE AI SPHERE. I THINK WHAT IS INTERESTING ABOUT THIS IN PARTICULAR IS HUGGING FACE HAS BEEN SWITZERLAND AND ALL OF THIS, AS YOU SAY, THEY SPECIALIZE IN OPEN SOURCE. YOU OR I COULD DEVELOP A MODEL IF WE WERE SO TALENTED ENOUGH TO UPLOAD IT TO THE INTERNET AND THEREFORE HAVE PEOPLE DOWNLOADED AND ITERATE ON IT. WHAT THAT MEANS IS YOU COULD END UP IN A WORLD IN THE FUTURE WHERE IT IS NOT JUST ANTHROPIC OR OPENAI OR SPACEX AI, BUT THESE MODELS DON'T YET EXIST.
在谷歌等其他平台上，某种程度上控制或主导AI领域。我认为特别有趣的是，正如你所说，Hugging Face一直是瑞士中立之地，他们专注于开源。如果你我有足够的天赋，我们可以开发一个模型并将其上传到互联网上，因此人们可以下载并在此基础上进行迭代。这意味着在未来，你可能会进入这样一个世界：那里不仅有Anthropic、OpenAI或SpaceX的AI，而且这些模型目前还不存在。
NVIDIA IS MAKING A BET ESSENTIALLY THAT IT NOT ONLY WANTS TO SELL CHIPS TO THOSE PLAYERS BUT PROTECTING ITSELF SO IT DOESN'T HAVE A CONCENTRATION ISSUE WITH CUSTOMERS. DANI: WE TALKED ABOUT THIS EARLIER ON "OPEN INTEREST," THE IDEA THAT THEY ARE INCREASINGLY INVOLVED IN MANY PARTS OF THE ECOSYSTEM. IS IT FACING UP TO REGULATORY SCRUTINY? RYAN: IT IS A LITTLE EARLY TO TELL. WHEN THIS DEAL FIRST CROSSED THE LINE, OUR REPORTING SAYS IT COULD COME AS SOON AS THIS WEEK.
英伟达 essentially 是在打一场赌，它不仅想向这些玩家出售芯片，还要保护自己，以免出现客户集中度过高的问题。达妮：我们之前在《开放兴趣》节目中讨论过这一点，即他们越来越多地参与生态系统的各个部分。这是否面临监管审查？瑞安：现在说还为时过早。当这笔交易首次传出时，我们的报道称它可能在本周就敲定。
IF YOU ARE THE DOJ OR CMA OF THE EUROPEAN COMMISSION, YOU ARE PROBABLY LOOKING AT NVIDIA AND SAYING, OK, YOU ARE GETTING INTO A SITUATION WHERE THE WEB OF INFLUENCE IS IT WHERE IS KIND OF VAST -- WHETHER THAT INFLUENCE AS IT WERE, IS KIND OF VAST AND YOU WONDER HOW IT PIECES TOGETHER AND THE OVERLAP. THIS IS RELATIVELY NEW AND SMALL DESPITE ITS LARGE PRICE TAG. I THINK IT WILL TAKE TIME TO FIGURE IT OUT. DANI: ARE THERE SIGNS THAT DEALMAKING AMONG NVIDIA IS SLOWING DOWN?
如果你是美国司法部（DOJ）或欧盟委员会的竞争与市场管理局（CMA），你很可能正在审视英伟达，心想：好吧，你正陷入一种局面，你的影响力网络非常广泛——无论这种影响力如何，都非常庞大，你会好奇它是如何拼凑在一起以及重叠部分的。尽管价格标签巨大，但这相对较新且规模较小。我认为需要时间来弄清楚。达妮：是否有迹象表明英伟达的交易活动正在放缓？
THE MARKET DOES NOT SEEM TO BE PUSHING BACK AGAINST THE MONEY THEY ARE SPENDING. RYAN: TOTALLY. THERE WAS REPORTING FROM A VARIETY OF OUTLETS THAT SAID NVIDIA IS ON A MASSIVE DEALMAKING CAKE RIGHT NOW. -- A MASSIVE DEALMAKING CAKE RIGHT NOW. IT IS DEAL AFTER DEAL, DAY AFTER DAY. THEY JUST ANNOUNCED THE MEDIATECH DEAL ON MONDAY, TALKING ABOUT THAT DEAL, WHICH IS NOVEL FOR THEM. THERE'S NO SURPRISE THAT BADIE IT IS DOING THIS DEAL EXCEPT FOR THE FACT IT IS A BIG VALUE -- THERE'S NO SURPRISE AT NVIDIA IS DOING THIS DEAL EXCEPT FOR THE FACT IT IS A BIG VALUATION.
市场似乎并未对其支出施加阻力。瑞安：完全正确。多家媒体报道称，英伟达（NVIDIA）目前正处于大规模并购的盛宴之中——一场规模庞大的并购盛宴。交易接连不断，日复一日。他们周一刚刚宣布了与MediaTech的交易，并讨论了这笔对他们而言颇具新意的交易。除了估值较高之外，英伟达进行这笔交易并不令人意外——除了这是一笔高估值的交易外，英伟达进行这笔交易并无出乎意料之处。
DANI: ASK THE SUMMER NEARS ITS END, WE HAD A COUPLE OF MORE DAYS. THE COUNTDOWN IS ON TO THE NEXT BIG IPO, AND THAT IS ANTHROPIC. SCARLET FU IS HERE WITH WHAT WE KNOW SO FAR ABOUT THE AI STARBUCKS LONG-AWAITED LISTING. SCARLET: AN TROPICS IPO WILL LIKELY FALL BETWEEN LATE SEPTEMBER AND EARLY OCTOBER -- ANTHROPIC'S IPO WILL LIKELY FALL BETWEEN LATE SEPTEMBER AND EARLY OCTOBER. ANTHROPIC ALSO NEEDS TO FINALIZE ITS REVOLVING CREDIT FACILITY, DECIDE ON WHICH BANKS BEYOND THE THREE ANNOUNCED WILL BE HOLDING.
达妮：随着夏季接近尾声，我们又多了几天时间。距离下一次重大IPO——Anthropic的上市——已进入倒计时。Scarlet Fu带来了我们目前所知的关于这位AI明星长期等待的上市情况。Scarlet：Anthropic的IPO可能会在9月下旬至10月初之间进行——Anthropic的IPO可能会在9月下旬至10月初之间进行。Anthropic还需要敲定其循环信贷额度，并决定除已宣布的三家银行外，还有哪些银行将参与其中。
ANTHROPIC EXPECTS TO RAISE AS MUCH AS SPACEX, WHICH WAS JUST OVER $86 BILLION. THAT HAS LEFT OTHER COMPANIES LOOKING TO GO PUBLIC, RUSHING TO GET AHEAD OF THIS IPO. THEY INCLUDE A CLOUD COMPUTING FIRM, OR A HEALTH, AND COVOLT. ANTHROPIC HAS EMERGED AS A KEY CUSTOMER FOR DATA. THEY SIGNED A DEAL THIS WEEK WITH AN NVIDIA BACK CLOUD PROVIDER. LAST MONTH, IT SIGNED A DEAL TO RENT CAPACITY IN WEST VIRGINIA, AND BEFORE THAT, IT STRUCK THE $50 BILLION DATA CENTER DEAL AND A $45 BILLION AGREEMENT WITH SPACEX.
Anthropic预计融资额将与SpaceX相当，后者刚刚超过860亿美元。这使得其他寻求上市的公司纷纷加速行动，试图在这场IPO之前抢先一步。其中包括一家云计算公司、Health以及Covolt。Anthropic已成为Data的关键客户。他们本周与一家由NVIDIA支持的云提供商签署了协议。上个月，它签署了一项在西弗吉尼亚州租赁容量的协议，在此之前，它与SpaceX达成了500亿美元的数据中心协议和450亿美元的协议。
A LOT OF ACTIVITY BEFORE THE IPO. DANI: WE ARE AWAITING, ANY DAY SUGGESTS WE SHOULD GET THAT IPO FILING FROM ANTHROPIC. LET'S GET TO OTHER BIG DEALS WE ARE WATCHING WITH OUR DEALS TAME, S&P GLOBAL CONSIDERING A SPRING OUT OF ITS DATA, I Q PRO. OUR DEALS TAME BROKE THE STORY AND HERE TO BREAK IT DOWN AS OUR MANAGING EDITOR LEON BAKER, AND THEN WE WILL GET TO MICHELLE DAVIS, WHO HAS AN ACUTE EYE ON THE PHARMA SECTOR. WHAT ARE THEY SPITTING OUT AND WHAT IS THE
IPO前活动频繁。达妮：我们随时期待，任何迹象都表明我们应该收到Anthropic的IPO申请。让我们来看看我们正在关注的其他大交易，我们的Deal Team正在关注S&P Global考虑将其数据业务I Q Pro剥离的故事。我们的Deal Team打破了这一消息，并由我们的执行编辑Leon Baker来详细解读，然后我们将转到Michelle Davis，她对制药行业有着敏锐的观察力。他们正在剥离什么，以及这背后的
IDEA? WE LOVE TO CARVE OUT ON THIS WEEKLY SHOW. THIS ONE IS A POTENTIAL SEPARATION, THE PART OF S&P COMPETES WITH US AT BLOOMBERG AND THIS IS A PRODUCT USED BY A LOT OF FINANCE PROFESSIONALS TO RESEARCH STOCKS AND PRIVATE COMPANIES, AND S&P RIGHT NOW HAS BEEN LOOKING TO SEPARATE A FEW THINGS. THEY SEPARATED MOBILITY BUSINESS, SO UNDER THEIR CEO, MARTINA CHANG, THEY ARE LOOKING TO FIND OTHER INVESTORS AND GET RID OF STUFF.
想法是什么？我们喜欢在这档每周节目中深入探讨这一点。这次是一个潜在的分离案例，S&P的部分业务与我们彭博社（Bloomberg）存在竞争，这是一个被许多金融专业人士用于研究股票和私人公司的产品，而S&P目前正在考虑分离几项业务。他们已经分离了移动业务，所以在其CEO Martina Chang的带领下，他们正在寻找其他投资者并摆脱一些资产。
THIS IS VERY EARLY. WE WILL SEE HOW IT PLAYS OUT. ALL WE KNOW IS THE COMPANY IS EXPLORING TURNING THIS INTO A SEPARATE PUBLIC COMPANY. WHEN THERE IS A PROCESS TO EXPLORE OPTIONS, YOU ARE LOOKING AT A SALE. THERE ARE MANY WAYS YOU CAN PLAY OUT. IT SEEMS EARLY AT THIS POINT. DANI: IT IS NOT ESCAPE ANYONE THAT THIS IS A SOFTWARE SERVICE COMPANY. HOW DOES THAT FACTOR INTO THINGS? SURELY THIS IS A SECTOR PEOPLE ARE CONCERNED ABOUT ON WHAT A ON COMPETITORS COULD DISRUPT THAT.
这还非常早期。我们将看看事态如何发展。我们所知道的是，该公司正在探索将其转变为一家独立的上市公司。当存在一个探索选项的流程时，你面对的就是一次出售。有多种可能的演变方式。目前看来还为时过早。Dani：显然这是一家软件服务公司。这一事实如何影响局势？人们肯定担心竞争对手会颠覆该领域。
LIANA: WE HEAR THAT A LOT, COULD THEY REPLACE THESE PLATFORMS, BUT RIGHT NOW A LOT OF THE DATA IS PROPRIETARY. THAT IS SOMETHING GOING IN ITS FAVOR. AND THE STOCK OF S&P WENT OUT BRIEFLY WHEN WE FIRST REPORTED THIS. WE WILL SEE ITS VALUATION AND WHAT PATH HE DECIDES TO TAKE. IT IS UNCLEAR WHO THEY ARE WORKING WITH AND WHEN THIS WILL HAPPEN. DANI: THAT IS THE SIDE ON TECHNOLOGY AND FINANCIAL SERVICES. YOU HAVE BEEN LOOKING AT THIS ELI LILLY DEAL SPECIFICALLY.
Liana：我们经常听到这个问题，它们能否取代这些平台？但目前许多数据是专有的。这对它们有利。在我们首次报道此事时，标普500指数（S&P）的股票短暂下跌。我们将看看其估值以及他决定采取的路径。目前尚不清楚他们与谁合作以及何时会发生此事。Dani：这是技术和金融服务方面的一面。你一直在特别关注礼来公司（Eli Lilly）的交易。
WHY ARE THEY BUYING IT AND WHAT ARE THEY BUYING?
他们为什么要购买它？他们购买的是什么？
ELI LILLY IS BUYING A PRIVATE BIOTECH FOR UP TO $3 BILLION CALLED MERIDA, BASED IN CAMBRIDGE. IT IS DEVELOPING DRUGS FOR AUTOIMMUNE DISEASES LIKE GRAVES' DISEASE, AS WELL AS SOME TREATMENTS FOR ALLERGIES. THIS IS PART OF A BIG BACK BY ELI LILLY TO USE THE WINDFALL IT HAS GOTTEN FROM ITS MASSIVELY SUCCESSFUL OBESITY-DIABETES FRANCHISE, AND REALLY MAKE ALL THE SHOTS ON GOAL BY BUYING UP THESE EARLY-STAGE COMPANIES. NOT ALL OF THEM ARE GOING TO PAN OUT.
礼来公司（Eli Lilly）正以高达30亿美元的价格收购一家位于剑桥的私营生物科技公司，名为Merida。该公司正在开发针对自身免疫性疾病（如格雷夫斯病）的药物，以及一些过敏症治疗方法。这是礼来公司利用其肥胖-糖尿病业务取得巨大成功所获得的意外之财进行大规模布局的一部分，旨在通过收购这些早期阶段的公司来确保“每球必争”。但并非所有尝试都会成功。
THIS ONE HIS AND GUARANTEED TO EITHER, BUT IT IS A DROP IN THE BUCKET. ELI LILLY IS THE FIRST TRILLION DOLLAR HEALTH CARE COMPANY. THEY HAVE A LOT OF MONEY TO USE, AND THEY WANT TO MAKE SURE THEY ARE SET UP FOR THE FUTURE. DANI: ARE THEY HAVE A HUGE POSITION FOR GETTING DEALS DONE BECAUSE OF THE MONEY FROM THEIR OBESITY MEDICATIONS? MICHELLE: ABSOLUTELY. IF YOU LOOK AT PAST YEARS WERE COMPANIES LIKE LILY HAD THESE BLOCKBUSTER DRUGS THAT WERE GOING TO BE GOING OFF, A LOT HAVE TAKEN A DIFFERENT STRATEGY WHERE THEY PAID 40 BILLION, 30 BILLION DOLLARS FOR A COMPANY WITH ONE OR TWO DRUGS IN THOSE DEALS DID NOT PAN OUT.
这笔交易既非风险也非保证，但这只是九牛一毛。礼来公司是首家市值达到万亿美元的医疗保健公司。他们拥有大量资金可供使用，并且希望为未来做好准备。Dani：由于减肥药物带来的资金，他们在促成交易方面是否拥有巨大优势？Michelle：绝对如此。如果你回顾过去几年，像礼来这样的公司拥有即将过专利期的重磅炸弹药物，许多公司采取了不同的策略，在交易中支付400亿或300亿美元收购仅有一两款药物的公司，但这些交易并未都取得成功。
ELI LILLY IS DOING A DIFFERENT APPROACH. BECAUSE THEY HAVE SO MUCH MONEY, THEY ARE DOING 3 BILLION-DOLLAR DEALS, AND THEY'VE PROBABLY DONE ALREADY $33 BILLION OF THE DEALS THIS YEAR BUT IT AT LEAST THREE PAN OUT, THAT MEANS THEY ARE SET UP MUCH BETTER THAN IF THEY HAD GONE OUT AND BOUGHT ONE BIG COMPANY. DANI: THEY SOUND LIKE A VC FIRM. THROW SPAGHETTI AND HOPE ONE PAYS OFF. MICHELLE: THAT IS BASICALLY THIS PHARMA MODEL.
礼来公司采取了不同的方法。因为他们拥有如此多的资金，他们正在进行30亿美元规模的交易，今年他们已经完成了大约330亿美元的交易，其中至少有三笔取得了成功，这意味着如果他们出去收购一家大公司，他们的处境要好得多。Dani：他们听起来像一家风险投资公司。四处撒网，碰运气看哪一项能带来回报。Michelle：基本上这就是制药行业的模式。
DANI: THANK YOU FOR JOINING, AS ALWAYS. COMING UP, SHE HAS WORKED ON SOME OF THE LARGEST INDUSTRY TRANSACTIONS. IT IS DOROTHEE BLESSING AT J.P. MORGAN, JOINING US NEXT. AND ANOTHER DEAL WE ARE WATCHING INVOLVES CHEVRON'S OIL OPERATIONS IN VENEZUELA, ADDING ON TWO WHEELS, AND IT COMES AS PRESIDENT TRUMP HAS BEEN PUSHING FOR OIL PRODUCTION IN VENEZUELA. TYLER KENDALL SPOKE WITH THE CHEVRON CEO MIKE WIRTH. MIKE: IT IS A WIN FOR U.S.
达妮：一如既往地感谢您参与。接下来，她曾参与过一些规模最大的行业交易。这是摩根大通的多萝西·布莱辛，稍后与我们连线。还有另一笔我们关注的交易涉及雪佛龙在委内瑞拉的石油业务，又添两重利好，这发生在特朗普总统一直推动委内瑞拉石油生产的背景下。泰勒·肯德尔采访了雪佛龙首席执行官迈克·沃斯。迈克：这对美国来说是一场胜利。
FINANCE YOU REALLY PREFER THIS, AND IT IS A WIN FOR THE VENEZUELAN ECONOMY TO SEE THE INVESTMENT THAT WILL BE MADE. DANI: GLOBAL TRANSACTION VOLUMES WERE UP 30% TO $2.6 TRILLION THE FIRST HALF OF
金融方面，您确实更倾向于此，看到即将进行的投资对委内瑞拉经济也是一场胜利。达妮：全球交易量上半年增长了30%，达到2.6万亿美元。
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更进一步：量化金融体系
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