Nvidia wants to buy Hugging Face in $13 billion blockbuster AI deal
- Nvidia is reportedly preparing to acquire Hugging Face for $12.9bn
- A 2023 investment round valued the company at $4.5bn
- Nvidia is on a roll of investing heavily in other companies
Nvidia has reportedly spent the past couple of weeks actively engaging with Hugging Face to explore an acquisition deal worth an estimated $12.9 billion, according to Business Insiderreporting, citing an unnamed source familiar with the matter.
To date, the companies are yet to reach an agreement, but with the current valuation speculations, it would make a Hugging Face acquisition one of Nvidia's largest acquisitions to date.
Importantly, this wouldn't be the chipmaker's first run-in with Hugging Face – it took part in a $235 million funding round in 2023. At that time, Hugging Face's valuation was around $4.5 billion - making today's valuation nearly three times higher.
Nvidia and Hugging Face
While this may be one of Nvidia's biggest...
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