Nvidia said an equity retention plan for Hugging Face employees joining the company could be worth as much as $1 billion. The company also said its planned acquisition of Hugging Face is valued at $12.9303 billion and is expected to close in the first half of 2027, subject to regulatory approval. Nvidia added that it is currently the largest contributor of data to Hugging Face.
The disclosure ties employee retention directly to the proposed deal, which remains pending. Timing is not final, as the transaction still needs clearance from regulators before it can be completed. Nvidia did not provide further details in the text provided on how the retention package would be structured, but it set the upper limit at $1 billion.
The report was carried by Odaily, citing Bloomberg.
Nvidia said an equity retention plan for Hugging Face employees joining Nvidia could be worth up to $1 billion.
The company said its acquisition of Hugging Face is valued at $12.9303 billion and is expected to be completed in the first half of 2027, subject to regulatory approval.
Nvidia also said it is currently the largest contributor of data to Hugging Face, according to Bloomberg as cited in the Odaily report.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
