Nvidia Pursues Hugging Face Deal Worth Over $14 Billion

Nvidia's shares rose 3.5% after Bloomberg reported that the company is in late-stage talks to buy AI developer platform Hugging Face for about $14 billion.

The deal would mark a significant move for Nvidia, shifting its focus from mainly selling chips to controlling part of the workflow and owning a distribution point for developers.

This could make revenue look more recurring and less dependent on hardware launches, as well as increase perceived margins and stickier customer relationships.