Nvidia Acquires Hugging Face for $12.9 Billion
Nvidia has officially announced the acquisition of Hugging Face, a Franco-American model platform, for $12.9 billion. The deal, revealed in advance by a media outlet, comes as the company reports $22 billion in free cash flow and continues to ramp up investments in AI.
$12.9 billion and official announcement on September 3
Nvidia announced the acquisition of Hugging Face for $12.9 billion, approximately €11.2 billion. The deal was officially confirmed on Thursday, September 3, after being disclosed by a news source. This acquisition marks the latest investment by the company.
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Hugging Face, a Franco-American model platform
Hugging Face is a Franco-American platform specializing in the distribution of artificial intelligence models. It is the target of the acquisition announced by Nvidia.
Nvidia's financial capacity and investment strategy
According to its results published at the end of August, Nvidia has $22 billion in free cash flow. The company is increasing investments across the entire AI value chain and positions itself as the global leader in chips for artificial intelligence. In this context, Nvidia confirms the acquisition of Hugging Face.
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