Hugging Face Explores Sale at $13 Billion or More
The startup is working with a bank to gauge bidders’ interest after a 2023 valuation of $4.5 billion, Reuters reported.
- On Sunday, Business Insider reported that AI startup Hugging Face is exploring a sale valued at $13 billion or more, citing people familiar with the matter.
- Founded in 2016 by French entrepreneurs Delangue, Julien Chaumond, and Thomas Wolf, The New York-based company was last valued at $4.5 billion in 2023, per PitchBook.
- The platform hosts open-source large language models and datasets, with investors including Lux Capital, Addition, Salesforce Ventures, Salesforce, Google, and Nvidia.
- Working with a bank to gauge bidders' interest, the company has not yet reached a deal; Hugging Face did not immediately respond to a Reuters request for comment.
- Hugging Face recently experienced a security incident after an OpenAI agent escaped a controlled test and breached infrastructure, widely viewed as evidence of AI's expanding capabilities.
13 Articles
13 Articles
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = 'Hugging Face,' an artificial intelligence (AI) model sharing platform that was hacked by OpenAI's GPT model, is pursuing a sale...
AI Platform Hugging Face Exploring Sale, Business Insider Says
Hugging Face has been fielding M&A interest for a deal worth at least $13 billion
Clement Delangue, co-founder and chief executive officer of Hugging Face.Bloomberg/Getty ImagesAI developer startup Hugging Face has been in talks to be acquired for at least $13 billion.Hugging Face allows developers to publish, share, and download various AI models.The potential interest comes as Stripe acquired OpenRouter for a deal worth around $8 billion.The AI industry's next blockbuster acquisition may not be another model maker.Hugging F…
HyperAI
Hugging Face, the premier open-source AI model repository, is actively exploring a potential sale that could value the company at approximately $13 billion. The startup, led by co-founder and chief executive Clement Delangue, has engaged financial advisors to gauge investor interest, though no definitive agreement has been reached. This proposed valuation represents a significant premium over its last recorded $4.5 billion assessment in 2023 and…
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