Nvidia to acquire Hugging Face for $12.93 billion
Nvidia said it is acquiring Hugging Face for $12.93 billion. The offer implies about 13.4% of Nvidia’s latest quarterly revenue, with $11.9 billion to investors and up to $1 billion for keeping operations running.
Nvidia NASDAQ:NVDA, the artificial-intelligence chip king, is pushing far beyond hardware with its $12.93 billion acquisition of Hugging Face.
The deal equals roughly 13.4% of Nvidia's latest quarterly revenue.
Investors will receive $11.9 billion, while as much as $1 billion will go toward keeping…