OpenAI attempted to invest $100 million in open-source platform Hugging Face before Nvidia acquired it for roughly $13 billion. This offer sparked a bidding process that also involved AMD and Salesforce. As part of the proposed deal with OpenAI, Hugging Face would have served as a distribution channel for the custom Jalapeño chips, developed by OpenAI with Broadcom. Nvidia finalized the acquisition on September 3, representing its second-largest purchase ever after the $20 billion acquisition of assets from AI chip startup Groq in December.
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