Nvidia Closes In on $14 Billion Deal for AI Tech Firm Hugging Face
Nvidia is nearing a $14 billion deal to acquire Hugging Face, a leading developer of artificial intelligence and machine learning technology. The potential acquisition would further solidify Nvidia's position in the AI market, where it already has a strong presence through its graphics processing units (GPUs) and other hardware.
The deal has been under negotiation for some time, with Nvidia and Hugging Face engaged in talks about the terms of the sale. While no official announcement has been made, sources close to the matter suggest that a final agreement could be reached soon.
Hugging Face's technology is used by many companies, including Google Cloud, Amazon Web Services (AWS), and Microsoft Azure, to develop and deploy AI models. The acquisition would likely give Nvidia access to Hugging Face's large language model, Transformers, which has been widely adopted in the industry.