NVIDIA, a major US semiconductor company, announced that it had agreed to acquire AI startup Hugging Face for approximately $12.9 billion, or approximately ¥2 trillion.
NVIDIA, a major US semiconductor company, announced on the 3rd that it had agreed to acquire AI startup Hugging Face. The acquisition price is approximately $12.9 billion, equivalent to approximately ¥2 trillion.
Hugging Face operates a service that enables developers worldwide to share and use models and data, and is used by more than 18 million developers, researchers and others.
The announcement makes public the acquisition agreement, and the transaction is expected to proceed subject to completion. Further disclosures will be needed regarding the procedures and terms to be set.