Nvidia to Acquire Hugging Face for $13 Billion
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Nvidia is set to acquire AI startup Hugging Face for approximately $13 billion, making it the chipmaker's largest acquisition to date. The deal, expected to close this week, values Hugging Face at about 86 times its $150 million annual revenue. Hugging Face is an open-source platform used by millions of developers for sharing and developing AI and machine learning models.
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