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BETAWORKS EYES $650M GAIN ON HUGGING FACE STAKE

Betaworks holds a 5.5% stake in Hugging Face valued at approximately $650 million following the AI startup's $11.9 billion valuation. The venture firm's early bet could yield even larger returns, with A.Capital potentially banking $1.5 billion on the transaction.

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Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B acquisition price for stockholders; A.Capital says it could bag $1.5B on the sale (Yuliya Chernova/Wall Street Journal)

Yuliya Chernova / Wall Street Journal: Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B ac…

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