OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal

CNBC
Read the full article
OpenAI offered $100 million to invest in Hugging Face after a July 2024 AI agent security incident, proposing to distribute its custom chips through the startup. The talks ended early, and Nvidia acquired Hugging Face for about $13 billion in September 2026, outbidding rivals including AMD and Salesforce.

More on this story


More in Business & Enterprise

Google rolls out new Gemini AI model but restricts access over safety concerns

Covered by 11 sources

Amazon’s New Push to Get Buy-In for Data Center Build-Out

Covered by 6 sources

OpenAI Parts Ways With 3 Workers Over Mishandling Information

Covered by 13 sources