Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It
In brief Hugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more. No deal has been reached and no buyer has been named.
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Key Facts
- Fact 1: In brief Hugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more.
- Fact 2: A $13 billion price tag would nearly triple Hugging Face's $4.5 billion 2023 valuation.
- Fact 3: Hugging Face is exploring a sale that could value the company at $13 billion or more, Business Insider reported Sunday, citing people familiar with the matter.
- Fact 4: A $13 billion price tag would nearly triple the $4.5 billion valuation Hugging Face set in its 2023 Series D—a late-stage funding round startups raise once they've already proven demand.
In brief Hugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more. No deal has been reached and no buyer has been named.
A $13 billion price tag would nearly triple Hugging Face's $4.5 billion 2023 valuation. Hugging Face is exploring a sale that could value the company at $13 billion or more, Business Insider reported Sunday, citing people familiar with the matter. Per the reports, the company has retained a bank to gauge interest from potential buyers, but no deal has been reached, and it isn't clear who Hugging Face has been talking to.
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Original source: Decrypt
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