Jefferies: Nvidia’s Hugging Face deal seen as strategic win
Jefferies says Nvidia’s acquisition of artificial intelligence startup Hugging Face is a strategic win. The deal is roughly $13 billion and Jefferies calls it financially immaterial for Nvidia, while extending its AI reach.
Nvidia's acquisition of artificial intelligence startup Hugging Face is a strategic win for the company, Jefferies' analysts write.
The roughly $13 billion deal for New York-based Hugging Face is financially immaterial for Nvidia, they say.
But the deal will extend Nvidia's reach into the finding…