Report: Hugging Face Sounding Out Buyers at Roughly $13 Billion
AI company Hugging Face is reportedly exploring acquisition interest at a valuation of approximately $13 billion, nearly double a $7 billion offer it previously rejected from Nvidia. The company, known for hosting and running AI models, has engaged a bank to gauge potential buyers. This valuation significantly exceeds its last official mark of $4.5 billion in 2023 and surpasses Microsoft's $7.5 billion acquisition of GitHub.
- Entities
- Company: Microsoft
- Topic: Artificial Intelligence
- Company: OpenAI
- Company: Hugging Face
- Topic: Mergers and Acquisitions
- Company: GitHub
- Topic: Company Valuation
- Company: NVIDIA
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