Bankers are shopping Hugging Face at triple the price it gave Nvidia
Cryptopolitan·
- AI model-sharing platform Hugging Face has reportedly been approached for an acquisition valuation of $13 billion or higher and is reviewing bids with banks.
- This potential valuation is nearly triple its $4.5 billion post-money valuation from 2023, following an earlier rejected $500 million offer from Nvidia that valued the company at $7 billion.
- Serving as a core infrastructure provider for machine learning akin to GitHub, Hugging Face recently reached 13 million users and over 2 million public models while closing in on profitability.