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Nvidia near $14B Haghinegis acquisition
Nvidia is in advanced negotiations to acquire the emerging artificial intelligence company Huggin' Face, with an estimated value of approximately $12.9 to $14 billion, and the deal is expected to be finalized soon. The agreement, which may include a $1 billion package to retain Huggin' Face employees, will give Nvidia control over a significant open-source AI models platform, strengthening its position in the AI sector and expanding its customer base. This move is part of Nvidia's efforts to broaden AI applications, reduce the dominance of a few major companies in the field, and promote open-source AI models. Huggin' Face was founded in 2016 and has developed a platform for sharing AI models; three years ago, its valuation was around $4.5 billion. This acquisition represents the largest step yet in Nvidia’s strategy to enhance its capabilities in artificial intelligence and chip technology.
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