Nvidia has agreed to acquire Hugging Face, a major artificial intelligence company, for $12.9 billion. This was reported by Qazaqyia.kz citing Reuters.
According to The Information, this deal is a major step for Nvidia to strengthen its position in the AI market. Hugging Face is a popular platform for developing machine learning models and datasets, bringing together thousands of developers and researchers worldwide.
The acquisition will give Nvidia access to key resources in the AI ecosystem. The deal is valued at $12.9 billion, potentially making it one of the largest in the company's history.
Reuters reported this information citing The Information. Official confirmation of the deal is still pending, but experts say this move will further solidify Nvidia's leadership in artificial intelligence.