History Says What Nvidia's Last Big Acquisition Became. Hugging Face Will Cost Nearly Twice as Much.
The last big acquisition now anchors a $31 billion business line. The next one runs at more than $150 million a year.
Overview
Nvidia (NASDAQ:NVDA) announced on September 3 that it has agreed to acquire Hugging Face, which runs one of the most widely used platforms for sharing artificial intelligence (AI) models. The total deal value is about $12.9 billion.
Nvidia expects the deal to close in the first half of 2027. And the company says Hugging Face will stay an open platform for the whole AI ecosystem, with Nvidia compute never required to build on it.
Details
That price invites a comparison. The largest acquisition Nvidia has ever closed is Mellanox, the data center networking specialist it agreed to buy for about $6.9 billion in 2019. Hugging Face will cost nearly twice as much.
Source
Originally published at www.fool.com.