Nvidia agrees to buy Hugging Face for about $11.9B plus retention equity
Nvidia has signed a deal to acquire Hugging Face, the AI model and dataset hub used by more than 200,000 companies. Nvidia says the platform will stay open and will not require Nvidia hardware.
Nvidia has signed a deal to acquire Hugging Face, the AI model and dataset hub used by more than 200,000 companies. Nvidia says the platform will stay open and will not require Nvidia hardware. (Nvidia 8-K; La Nacion; BetaNews)
Nvidia's 8-K puts the payment to Hugging Face stockholders at about $11.9B, plus an equity retention program of up to about $1.0B for employees who join Nvidia. The deal needs regulatory approvals and is expected to close in the first half of 2027. (Nvidia 8-K; La Nacion; BetaNews)