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NVIDIA Nears $14B Acquisition of Hading Face
Nvidia is nearing completion of a deal to acquire the HugginFace platform for approximately $14 billion, according to informed sources to Bloomberg. The announcement of the agreement is expected to be made this week after advanced negotiations, which include a financial incentive package worth $1 billion to retain the startup's staff. HugginFace is a leading platform for open-source AI models, founded in 2016, providing extensive repositories for models and databases relied upon by companies and programmers worldwide.
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