Nvidia in Talks to Buy Hugging Face; Deal Could Total $14 Bln

Tiger Newspress

8 hours ago

NVIDIA is in advanced talks to acquire AI startup Hugging Face in a deal that could total about $14 bln, sources said.

One source said Nvidia could agree as early as this week to buy Hugging Face for about $12.9 bln. The transaction may include an approximately $1 bln employee retention package.

Sources cautioned no final agreement has been reached and timing and terms remain subject to change. The deal would be Nvidia’s largest move to date to broaden AI applications and its customer base and would give the company control of a key developer platform for sharing and showcasing AI models.

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The transaction may include an approximately $1 bln employee retention package. </p><p style=\"text-align: left;\">Sources cautioned no final agreement has been reached and timing and terms remain subject to change. 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The transaction may include an approximately $1 bln employee retention package. </p><p style=\"text-align: left;\">Sources cautioned no final agreement has been reached and timing and terms remain subject to change. The deal would be Nvidia’s largest move to date to broaden AI applications and its customer base and would give the company control of a key developer platform for sharing and showcasing AI models.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANV","symbol_name":"GraniteShares Autocallable NVDA ETF","start_time":0,"source_url":"","article_id":"1128205707","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128205707","pubTimestamp":1788308429,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"$NVIDIA(NVDA)$ is in advanced talks to acquire AI startup Hugging Face in a deal that could total about $14 bln, sources said. 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