NBA star Kevin Durant made an early $250,000 investment in open-source AI platform Hugging Face, according to an Odaily report citing CoinDesk. That stake could now be worth more than $60 million after Nvidia agreed to acquire Hugging Face in a $12.9 billion deal. The report says Hugging Face has grown into a major platform for AI model development and distribution. It also notes that the company has entered the crypto sector through decentralized AI projects. The update centers on the sharp change in value of Durant’s early backing as the AI company moves into a much larger corporate transaction.
NBA star Kevin Durant made an early $250,000 investment in open-source AI platform Hugging Face, according to CoinDesk, as cited by Odaily.
With Nvidia agreeing to acquire Hugging Face for $12.9 billion, that investment could be worth more than $60 million.
The report adds that Hugging Face has become an important platform for AI model development and distribution, and has also entered the crypto sector through decentralized AI projects.
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