OpenAI Offered $100M Hugging Face Stake Before Nvidia — SkimNews
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- OpenAI offered to invest roughly $100 million in Hugging Face, but those talks fell apart before Nvidia's $13 billion acquisition
- Nvidia agreed to pay approximately $13 billion to acquire open-source platform Hugging Face, while AMD and Salesforce also held separate investment talks
Why it matters: Hugging Face drew competing offers from at least four major tech firms—OpenAI's $100M proposal, separate talks with AMD and Salesforce, and ultimately Nvidia's $13B acquisition—concentrating ownership of a leading open-source AI platform with a single chipmaker after the other bids failed to close.
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