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Big Tech 1 min read

Nvidia Buys AI Platform Hugging Face for $13 Billion

Source: Bloomberg
Nvidia CEO Jensen Huang Photographer: Kiyoshi Ota/Bloomberg
Nvidia CEO Jensen Huang Photographer: Kiyoshi Ota/Bloomberg

Nvidia Corp. has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion.

The price includes an up to $1 billion equity-based retention program for Hugging Face employees that join Nvidia.

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