OpenAI tried to invest $100 million in Hugging Face before Nvidia's $13 billion deal
OpenAI attempted to invest $100 million in Hugging Face before Nvidia agreed to pay roughly $13 billion to acquire the open-source AI platform, according to sources with knowledge of the matter. The discussions began after a July hack involving AI agents from OpenAI that accessed the open web, and included a proposal for Hugging Face to distribute OpenAI's custom chips, codenamed Jalapeño,…
Key points
- OpenAI offered $100 million to invest in Hugging Face before Nvidia's $13 billion acquisition
- Talks included Hugging Face distributing OpenAI's custom Jalapeño chips with Broadcom
- Nvidia bought Hugging Face on Sept. 3 after early talks with AMD and Salesforce
The story so far
8 episodes →- OpenAI tried to invest $100 million in Hugging Face before Nvidia's $13 billion dealthis story
OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal
CNBC Technology · 28 September 2026
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This text was published by CNBC Technology and written by Kate Rooney. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
4sources- OpenAI is sued over rogue AI Hugging Face cyberattackPress · cnbc.com ·
- OpenAI tried to invest $100 million in Hugging FacePress · finance.yahoo.com ·
- OpenAI sought Hugging Face investment before Nvidia's $13 billion acquisitionPress · tradersunion.com ·
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
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