US chipmaker NVIDIA has announced that it has agreed to acquire AI startup Hugging Face for $12.9 billion. The deal is valued at approximately ¥2 trillion.
According to a report from New York, US, NVIDIA has agreed to acquire AI startup Hugging Face for $12.9 billion. The transaction was disclosed through an announcement by the company and is said to be valued at approximately ¥2 trillion.
Hugging Face, the acquisition target, provides AI-related services, and the transaction appears to be potentially part of NVIDIA’s efforts to strengthen its AI ecosystem. The background to the decision and specific plans for the business following integration will require further disclosures.