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Hugging Face Eyes a $13 Billion Acquisition, Sources Say

1 min read
Source: Gizmodo
Hugging Face Eyes a $13 Billion Acquisition, Sources Say
Photo: Gizmodo
TL;DR

Hugging Face is reportedly pursuing a sale valued at about $13 billion, with insiders citing a bank backing the deal and no agreement yet. Its last known valuation was $4.5 billion in 2023, and a Nvidia offer around $7 billion was rejected; the company, founded in 2016, runs a model-hosting platform for AI and earns revenue by selling enterprise upgrades.

Topics:businessartificial-intelligence#acquisition#artificial-intelligence#hugging-face#mergers#valuation
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  1. Hugging Face Reportedly Wants to Be Acquired for About $13 Billion  Gizmodo
  2. AI Platform Hugging Face Exploring Sale, Report Says  Bloomberg.com
  3. Hugging Face has been fielding M&A interest for a deal worth at least $13 billion  Business Insider
  4. Hugging Face pursues $13B sale after GPT-linked hack and AI platform boom - CHOSUNBIZ  Chosunbiz
  5. Strategic Analysis of Hugging Face: Valuation Dynamics, Enterprise Infrastructure and Bio-Medical AI Expansion  healthcare.digital

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