Nvidia nears deal to acquire AI firm Hugging Face for up to $14 billion
Nvidia is in advanced negotiations to acquire artificial intelligence company Hugging Face, with the potential transaction valued at approximately $14 billion. According to a Bloomberg report citing unnamed sources, an agreement worth around $12.9 billion could be finalized soon. The deal reportedly includes a $1 billion retention package for Hugging Face employees, signaling Nvidia's intent to maintain key talent post-acquisition. This move aligns with the broader trend of tech giants expanding their AI capabilities through strategic acquisitions as demand in generative and machine learning technologies surges.
Tickers: $NVDA
Topics: AI Hugging Face M&A Nvidia