Basketball megastar Kevin Durant has established himself as a scorer on the court, but one of his most lucrative ventures might be a financial move made long before the rise of AI became one of the hottest technology tales ever. The athlete invested in an AI firm, Hugging Face, while it was in early funding stages. Now, Nvidia is acquiring the firm for around $13 billion, which will likely lead to multimillion-dollar returns.
According to the sports-biz investor Joe Pompliano quoted in Celebrity Net Worth, the athlete put in $100,000 during Hugging Face's 2018 seed round and $150,000 in 2019's Series A for a total of $250,000 of reported early-stage investing. As a result of the Nvidia acquisition, the investment value may be well above $60 million.
