Odaily Planet Daily reports that NVIDIA has announced a stock retention program of up to $1 billion for Hugging Face employees joining NVIDIA, with the $12.9303 billion acquisition of Hugging Face expected to be completed in the first half of 2027, subject to regulatory approval. NVIDIA is currently Hugging Face’s largest contributor of data. (Water Bloomberg)
NVIDIA Announces a $10 Billion Equity Retention Plan for Hugging Face Employees
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Summary
NVIDIA announced a $10 billion equity retention plan for Hugging Face employees as part of its $12.93 billion acquisition. The deal, pending regulatory approval, is expected to close by mid-2027. NVIDIA is currently the top contributor to Hugging Face’s data. Crypto news outlets such as Odaily reported the move, which comes amid ongoing concerns about global inflation data.
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