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Hugging Face Reportedly Wants to Be Acquired for About $13 Billion
Gizmodo • • business
Key Points:
- Hugging Face, an AI resource repository likened to GitHub for AI models, is reportedly exploring acquisition options with a potential valuation of around $13 billion, according to Business Insider sources.
- The company, founded in 2016, previously had a valuation of $4.5 billion in 2023 and declined a $7 billion investment offer from Nvidia last year.
- Hugging Face is popular for hosting and running AI models, catering to both small labs and major organizations, and is specifically designed to handle large AI model files efficiently.
- Its revenue model mirrors GitHub's, focusing on selling enhanced speed and privacy features to enterprise customers.
