OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal
Hugging Face saw a flurry of deal interest before Nvidia agreed to buy the open-source platform for roughly $13 billion, CNBC has learned.
TL;DR
- OpenAI offered a $100 million investment to Hugging Face before Nvidia's $13 billion acquisition.
- The potential OpenAI deal aimed to make Hugging Face a distribution channel for OpenAI's custom chips.
- Nvidia acquired Hugging Face for approximately $13 billion on September 3rd.
- Advanced Micro Devices and Salesforce were also in talks with Hugging Face.
- Hugging Face is a popular hub for developers of open-weight AI models.
- Nvidia had previously backed Hugging Face in 2023.