The AI industry’s next blockbuster acquisition may not be another model maker.
Hugging Face, whose platform helps developers discover, share, and build AI models, has been exploring a sale that could value the company at $13 billion or more.
The startup has been working with a bank to gauge bidders’ interest, and no deal has been reached yet, according to people familiar with the matter.
Hugging Face is a platform where developers publish, share, and download various AI models. The talks could show how valuable AI developer platforms have become as the industry matures. The startup was last valued at $4.5 billion in 2023, per PitchBook…
