Nvidia to Acquire Hugging Face in $12.93B Deal
Nvidia took part in Hugging Face’s 2023 $235 million funding round, valuing the startup at $4.5 billion, with the transaction announced in May and later requiring shareholder approval and regulatory clearances to close. Nvidia also announced Sept. 3 its acquisition of Hugging Face, valued at about $12.93 billion, as the broader September deal slate included major utility mergers and microgrid investments.