tech π€ Nvidia close to snagging Hugging Face for $12.9B
Nvidia has reportedly agreed to purchase Hugging Face for $12.9 billion, according to The Information. This deal involves the AI platform, which is based in an undisclosed location, as of Wednesday night. The valuation nears $13 billion, significantly higher than its $4.5 billion valuation in 2023. This acquisition helps Nvidia bolster its open-source AI presence against closed systems. The move could also revitalize Nvidia's cloud computing segment in the market.