Nvidia has just announced that it intends to acquire Hugging Face, the biggest open platform dedicated to developing machine-learning applications. Considering Nvidia has been all-in on AI for the past few years—to the point that I barely remember the last time the company even mentioned gaming in an earnings call—it's hardly a surprising move.
What did encourage a sharp intake of breath from me though was the price of this purchase; Nvidia will buy Hugging Face for a total of $12,930,300,000. $11.9 billion of that will go to Hugging Face's investors, while employees that join Nvidia will be offered an equity-based retention program of up to $1 billion, according to Reuters. But even though there's billions of dollars in the mix, that doesn't mean the walls are about to come down around Hugging Face.
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