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Susan Li: Nvidia to acquire Hugging Face for $13 billion

Susan Li: Nvidia to acquire Hugging Face for $13 billion
Nvidia to buy Hugging Face for $13 billion

Susan Li reports that Nvidia has reached an agreement to buy AI model platform Hugging Face in a deal valued at $13 billion.

The acquisition marks a major move in the artificial intelligence sector, with Nvidia expanding its presence through this significant purchase.

Li previously reported that Nvidia had reached a deal to acquire Hugging Face for $12.9 billion, with more details anticipated at the time. She is also scheduled to speak at the Toronto Investment Summit, where $100 trillion in capital will be discussed by leading Canadian CEOs. The current agreement further expands Nvidia's activity in the artificial intelligence sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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