Hugging Face reportedly in talks to be acquired for $13B

Hugging Face is reportedly fielding acquisition proposals valuing the company at $13 billion or more, while consulting banks to assess bids. The startup, valued at $4.5 billion after its 2023 round led by Salesforce Ventures, recently turned down a $500 million Nvidia investment that would have priced it at $7 billion. CEO Clem Delangue said Hugging Face is close to profitability and focused on long-term sustainability and community responsibility.