NVIDIA announced plans to acquire AI startup Hugging Face for about ¥2 trillion. The deal is expected to broaden the base of AI development and drive demand for its semiconductors.
NVIDIA, a major US semiconductor company, announced that it had agreed to acquire AI startup Hugging Face for approximately $12.9 billion, or about ¥2 trillion. Hugging Face provides a service that enables developers worldwide to share and use models and data, and reportedly has more than 18 million users.
The acquisition is expected to be one of the largest in NVIDIA's history. The company is believed to be seeking to expand demand for its semiconductors by broadening the base of AI development. The Wall Street Journal reported that the acquisition is intended to strengthen NVIDIA's competitiveness as the AI development race with Chinese companies intensifies.