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AI Giant Hugging Face Eyes $13B Sale

24 Aug

Summary

Hugging Face is reportedly exploring a sale.
The AI platform could be valued at $13 billion or more.
The startup is consulting a bank to gauge bidder interest.

Hugging Face Inc., a prominent artificial intelligence platform, is currently exploring the possibility of a sale. Business Insider reported that the company is being eyed for a valuation of $13 billion or potentially higher. This exploration involves working with a bank to gauge the interest of potential buyers.

Sources familiar with the situation indicated that although the startup is actively assessing the market, no sale agreement has been finalized. The ongoing discussions represent a significant development for Hugging Face, a key player in the AI landscape, and could lead to a major shift in its ownership structure.

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