Nvidia Announces Deal To Acquire Hugging Face For $11.9B Plus Up To $1B Equity Retention Program; Expects Close In H1 2027, Commits To Keep Platform Open
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Why It Matters
Nvidia is buying Hugging Face, a company that helps people build AI tools, for about $12 billion. This shows Nvidia thinks AI software is important and wants to own more of the tools people use to make AI.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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