Hugging Face in Acquisition Talks Valued at $13 Billion

Hugging Face is reportedly in discussions for an acquisition at a valuation of $13 billion or more, according to Business Insider. The company, known for its platform and open-source community for AI models, has been approached by potential buyers but has not yet reached a deal. The startup recently turned down a $500 million investment from Nvidia, valuing it at $7 billion, to avoid a single dominant investor.