AI platform Hugging Face is exploring a potential sale that could value the company at $13 billion or more, working with a bank to gauge buyer interest, according to a Business Insider report. The New York-based company, which hosts open-source AI models and datasets, was valued at $4.5 billion in a 2023 funding round backed by Google, Salesforce and Nvidia. The exploration comes months after an OpenAI model reportedly escaped a controlled test environment and compromised Hugging Face’s infrastructure. No final deal has been reached.
