According to sources familiar with the matter, NVIDIA is in advanced negotiations to acquire the AI startup Hugging Face, with the total deal value potentially reaching $14 billion. An acquisition agreement could be reached as soon as this week for $12.9 billion, including a $1 billion employee retention incentive package. Founded in 2016, Hugging Face is hailed as the 'GitHub of AI,' hosting over 3 million public models and more than 1 million datasets, with 13 million developers. If the deal is successful, it will be one of NVIDIA's largest acquisitions to date, helping it expand the reach of AI applications and its customer base.
