AI start-up Hugging Face received a $500mn investment offer from chipmaker Nvidia late last year, according to people familiar with the proposal.
The deal would have valued the group at $7bn and was more than it has raised since founding a decade ago. Hugging Face turned down the offer.
While declining to comment on the deal, the company said it does not want a single dominant investor that could sway decisions. Nvidia declined to comment.
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