Nvidia is in advanced talks to acquire AI startup Hugging Face in a deal that could reach about $14 billion, according to people familiar with the matter. One person said Nvidia could agree as early as this week to buy Hugging Face for $12.9 billion, with the transaction potentially including a $1 billion employee retention plan.
The people said no final agreement has been reached and the timing and terms could still change. If completed, the acquisition would give Nvidia control of a major platform used by developers to share and showcase AI models and would mark Jensen Huang’s biggest move yet to expand Nvidia’s AI applications and customer base.
Nvidia Said to Be in Advanced Talks to Buy Hugging Face for Up to $14 Billion
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