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.
40 Articles
40 Articles
Hugging Face at a Crossroads: $13 Billion Acquisition Talks Signal Shift for Open-Source AI
Hugging Face stands at the center of a high-stakes drama playing out in artificial intelligence. Reports surfaced this weekend that the New York-based company has drawn acquisition interest valuing it at $13 billion or more. The figure nearly triples the $4.5 billion post-money valuation it secured in a 2023 funding round. And the timing feels anything but random. Business Insider first broke the news on August 23, citing people familiar with th…
Hugging Face explores sale at $13 billion valuation, nearly triple its 2023 value - Tech Startups
Hugging Face is exploring a potential sale at a valuation of $13 billion or more, nearly three times what the AI startup was worth just three years ago. “Hugging Face has been fielding M&A interest for a deal worth at […] The post Hugging Face explores sale at $13 billion valuation, nearly triple its 2023 value first appeared on Tech Startups.
Hugging Face reportedly in talks to be acquired for $13B
Hugging Face has reportedly been fielding acquisition offers that would value the company at around $13B. But with the founders' feeling of responsibility to community, doubts arise as to whether a sale will happen.
Hugging Face is one of the most important platforms for developers of AI applications. Now, according to insiders, the start-up is exploring a sale – including billions of dollars.
According to a media report, the start-up Hugging Face, which specializes in artificial intelligence (AI), is examining a sale that could evaluate the company with 13 billion dollars (11.11 billion euros) or more. New York-based company has commissioned a bank to explore the interest of potential bidders, the portal Business Insider reported on Sunday, citing insiders.Hugging Face's initial opinion was not available.The AI specialist has provide…
Coverage Details
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
