Nvidia wants to buy Hugging Face in $13 billion blockbuster AI deal
Reports are circulating that Nvidia could be set to acquire Hugging Face in a $12.9 billion takeover.
Tech giant Nvidia is reportedly in the final stages of considering a $12.9 billion acquisition of AI startup Hugging Face, according to Business Insider. The valuation of Hugging Face, which has been on the rise since its 2023 funding round, suggests the deal would be Nvidia's largest acquisition to date. This move comes after Nvidia has been increasingly investing in other companies, with $18 billion committed to equity investments for the remainder of the fiscal year.
Despite the high price tag, Nvidia is betting on Hugging Face's strategic position and existing relationships within the AI industry. However, the potential acquisition has raised concerns about potential regulatory scrutiny, as well as the impact on competing chipmakers and cloud service providers. Nvidia and Hugging Face have yet to confirm the deal.
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