Hugging Face has reportedly received acquisition proposals that could value the AI platform at up to $13 billion, according to TechCrunch. The company has hired banks to evaluate the offers, though no deal has been finalized and the identities of potential acquirers remain undisclosed.
The valuation represents nearly triple the $4.5 billion the platform reached in its last funding round in 2023, signaling growing investor confidence in the open-source AI model hub. Hugging Face has become a central hub for machine learning developers and researchers, hosting thousands of pre-trained models and datasets used across the industry.