Nvidia to Acquire AI-Dev Platform ‘Hugging Face’ in US$12.93bn Deal

Nvidia has agreed to acquire artificial intelligence development platform Hugging Face in a deal valued at approximately $12.93bn, significantly expanding the chipmaker’s presence across the open AI ecosystem. Under the agreement, Nvidia will pay approximately $11.9bn to Hugging Face shareholders, subject to adjustments, while offering up to another $1bn through an equity-based retention programme for [...] The post Nvidia to Acquire AI-Dev Platform ‘Hugging Face’ in US$12.93bn Deal first appeared on OERLive .