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NVIDIA to acquire Hugging Face for $12.9 billion in largest outright deal

Verifying
  • NVIDIA agreed to acquire open-source AI platform Hugging Face for approximately $12.9 billion.
  • The transaction includes $11.9 billion for shareholders and up to $1 billion for employee retention.
  • Regulatory approvals are required, with completion targeted for the first half of 2027.
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