NVIDIA Announces Acquisition of Hugging Face for $11.9 Billion

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for approximately $11.9 billion. The transaction, expected to close in the first half of 2027, includes an equity-based retention program of up to $1.0 billion for Hugging Face employees. This acquisition aims to bolster resources for Hugging Face and support developers in building, sharing, and deploying open models and applications. NVIDIA has committed to maintaining Hugging Face's platform openness, allowing continued model and dataset sharing and support for other silicon vendors.

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About Nvidia Corporation

Nvidia Corporation is a leading technology company that specializes in the design and production of graphics processing units (GPUs) and integrated circuit technologies. Its GPUs are primarily known for their high performance in rendering graphics, making them a vital component in gaming, professional visualization, data centers, and autonomous machines. Founded in 1993, the company has a significant presence in sectors such as gaming, data science, machine learning, and artificial intelligence, where computational power is paramount. Nvidia’s product line includes the GeForce series for gaming and the Quadro series for professional graphics. Beyond hardware, the company offers software solutions like CUDA, a parallel computing platform enabling dramatic increases in computing performance by harnessing the power of the GPU. As a major player in the semiconductor industry, Nvidia is pivotal in advancing AI applications, powering deep learning frameworks, and fostering developments in fields like self-driving cars and high-performance computing. The firm, headquartered in Santa Clara, California, influences both consumer technology markets and the broader computing industry landscape.