NVIDIA is reportedly set to finalize the $14 billion acquisition of Hugging Face this week

BlockBeats News, September 2nd, according to foreign media citing sources familiar with the matter, Nvidia (NVDA.O) is in advanced talks to acquire the artificial intelligence startup Hugging Face, in a deal worth about $14 billion. One source said Nvidia could reach an agreement as early as this week to acquire Hugging Face for $12.9 billion, a deal that may include a $1 billion employee retention plan.

The two parties have not yet reached a final agreement, and the timing and specific terms of the transaction may still change.