Nvidia (NVDA) Stock: $14 Billion Hugging Face Acquisition Could Close This Week
TLDR
- Nvidia is in advanced talks to acquire AI startup Hugging Face for around $14 billion
- The deal could be worth $12.9 billion with a $1 billion retention package for employees
- A final agreement could be reached as soon as this week, though details may still change
- Hugging Face was last valued at $4.5 billion in a 2023 funding round
- The deal would give Nvidia control of a major open-source AI model sharing platform
Nvidia (NVDA) is in advanced talks to acquire AI startup Hugging Face in a deal that could total around $14 billion, Bloomberg reported Wednesday. NVDA stock was trading down 1.39% at $217.44 at the close on September 1.
The core deal is valued at $12.9 billion, with an additional $1 billion retention package set aside for Hugging Face employees. No final agreement has been reached, and the timing or terms could still change.
Hugging Face operates a platform where developers share and access AI models freely. It is one of the most widely used hubs for open-source AI development.
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