NVIDIA to acquire Hugging Face for $12.9 billion
Tech giant NVIDIA has announced a deal to acquire AI startup Hugging Face for $12.9 billion. NVIDIA CEO Jensen Huang confirmed the acquisition, stating that NVIDIA will use its resources to scale Hugging Face's platform and expand access to AI for developers. Hugging Face was previously valued at $4.5 billion in 2023.
- Entities
- Company: Microsoft
- Company: Amazon
- Topic: Artificial Intelligence
- Company: Hugging Face
- Topic: Mergers and Acquisitions
- Person: Jensen Huang
- Company: NVIDIA
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