PANews
PANews|Sep 02, 2026 00:38
[NVIDIA Negotiates Acquisition of Hugging Face with a Total Deal Value of Up to $14 Billion] According to Jintou News, foreign media citing sources familiar with the matter revealed that NVIDIA (NVDA.O) is in advanced negotiations with AI startup Hugging Face, aiming to acquire the company in a deal valued at approximately $14 billion. One of the sources stated that NVIDIA could reach an agreement as early as this week to acquire Hugging Face for $12.9 billion. The source also mentioned that the deal might include a $1 billion employee retention plan. Sources indicated that the parties have not yet finalized the agreement, and the timing and specific terms of the deal are still subject to change. Acquiring Hugging Face would mark NVIDIA's largest move to expand the scope of AI applications and broaden its customer base. This transaction would allow NVIDIA to take control of a key platform where developers worldwide can showcase and share AI models.
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