Nvidia is in advanced negotiations to acquire AI startup Hugging Face for approximately $14 billion, with a deal potentially reached as early as this week. The transaction includes a $1 billion employee retention plan. Sources caution that no final agreement has been signed, and terms could still change. If completed, it would be Jensen Huang's largest deal to expand AI applications, giving Nvidia control over a key platform where developers share AI models.
Acquisition Talks Advanced
Nvidia (NVDA.O) is in advanced negotiations to acquire artificial intelligence startup Hugging Face for approximately $14 billion, according to sources familiar with the matter. One source said Nvidia could reach a deal as early as this week, with a price tag of $12.9 billion. The deal may include a $1 billion employee retention plan, the source added.
Deal Uncertainty
The sources noted that no final agreement has been reached, and the timing and specific terms could still change. Market observers are watching for further developments.
Strategic Significance
Acquiring Hugging Face would represent Jensen Huang's largest move since expanding Nvidia's AI application scope and customer base. The transaction would give Nvidia ownership of a key platform where global developers showcase and share AI models, further strengthening its dominance in AI infrastructure.
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