Nvidia Moves To Acquire Hugging Face For $12.9Bn Arabian Post

(MENAFN- The Arabian Post) clearfix"> Nvidia has agreed to acquire Hugging Face for a reported $12.9 billion, moving to take control of one of the artificial intelligence industry's most important open-model platforms after the startup explored a sale at valuations above $13 billion.

The transaction, which has not been publicly detailed by either company, would rank among Nvidia's largest acquisitions and deepen its expansion beyond the graphics processors that underpin much of the generative AI boom. The deal follows talks between the companies after Hugging Face hired a bank to gauge interest from prospective buyers.

Hugging Face had been seeking a valuation of at least $13 billion, almost three times the $4.5 billion value attached to the company during its $235 million Series D funding round in 2023. Nvidia participated in that financing alongside Salesforce Ventures, Google, Amazon, Intel, IBM, Qualcomm and other investors.

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