AIBusiness Insider1h ago
Hugging Face has been exploring a sale
Sources: Hugging Face has been exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to gauge bidders' interest
TL;DRHugging Face exploring sale at $13B+ valuation, nearly tripling 2023 value.
Why it matters: Shows investor appetite for AI infrastructure over models; consolidation reshaping who controls developer tools.
The AI industry's next blockbuster acquisition may not be another model maker. — Hugging Face, whose platform helps developers discover …
Read full articleSource: Business Insider · Opens in new tab