NewzNvidia has reportedly agreed to acquire artificial intelligence platform Hugging Face for US$12.9 billion. The deal follows a previous negotiation between the two companies, with prior reports indicating that Hugging Face turned down a US$500 million investment offer from Nvidia last year that carried a US$7 billion valuation.
The reported acquisition represents a significant escalation in Nvidia's investment strategy within the artificial intelligence sector, more than doubling the startup's valuation from the rejected offer proposed just a year prior.
In-depth summary · AI, neutral