Nvidia in talks to acquire Hugging Face, deal total could reach $14 billion

PANews, September 2 - According to Jinshi, foreign media citing people familiar with the matter reported that Nvidia (NVDA.O) is in advanced talks with AI startup Hugging Face to acquire it in a deal worth about $14 billion in total. One of the people said Nvidia could reach an agreement as early as this week to acquire Hugging Face for $12.9 billion. The person said the deal may include a $1 billion employee retention plan. The people said the two sides have not yet reached a final agreement, and the timing and specific terms of the deal could still change. Acquiring Hugging Face would be Jensen Huang's biggest move yet to expand the application scope of artificial intelligence and broaden the customer base. The deal would give Nvidia control of a key platform where developers around the world can showcase and share AI models.

Previously on August 27, Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion.