Hugging Face Evaluates Acquisition Inquiries at $13B Valuation
Open-source machine learning hub Hugging Face has received preliminary acquisition approaches that value the company at $13 billion or higher, according to reporting from Business Insider and TechCrunch. The company is reportedly consulting with investment banks to assess inbound interest, though no formal sale agreement has been signed. The prospective valuation represents nearly a three-fold increase from Hugging Face's August 2023 Series D funding round, which valued the company at $4.5 bill
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