Hugging Face, the platform where developers share and download AI models, has reportedly received acquisition approaches valuing it at $13 billion or more, according to Business Insider. No deal has been agreed and the buyers are unnamed, though the company is said to be working with banks to assess bids. Its chief executive has repeatedly stressed an obligation to the platform's user community, leaving it unclear whether a sale is genuinely under consideration.
What changed
Hugging Face was last valued at $4.5 billion in a 2023 funding round and had rejected an Nvidia investment at a $7 billion valuation.
- $13B+ acquisition valuation
- $4.5B valuation in 2023 round
- $500M Nvidia offer turned down
Sources