Kevin Durant and his longtime business partner Rich Kleiman reportedly made an extremely lucrative early investment in artificial intelligence company Hugging Face.
Durant and Kleiman participated in the company’s seed and Series A funding rounds, getting involved well before Hugging Face reached its multibillion-dollar valuation.
Nvidia has now reportedly acquired Hugging Face for $12.9 billion. Durant invested $100,000 during the seed round before putting another $150,000 into the Series A.
Based on those early investments and the reported acquisition price, Durant’s $250,000 investment could have generated more than $60 million in returns, making his early bet on the AI company extremely profitable.
