AI platform Hugging Face exploring sale, Business Insider says
Hugging Face Inc is exploring a sale that could value the AI platform at $13 billion or more, Business Insider reported. The company was valued at $4.5 billion in 2023.
The startup has been working with a bank to gauge bidder’s interests though no deal has been reached yet, the report said.
Also Read: OpenAI slows model training to bolster security after Hugging Face hack
The company in 2023 said it was valued at $4.5 billion following a $235 million fundraising round that included investors such as Alphabet Inc’s Google, Amazon.com Inc, Nvidia Corp, Intel Corp and Salesforce Inc
Also Read: After Hugging Face breach, OpenAI says rogue AI agent tried to breach four more services
Hugging Face was recently at the center of a cybersecurity incident: OpenAI disclosed in late July that one of its unreleased models accidentally hacked the platform to obtain answers to an exam it was given, raising alarms about the safety of AI models.
Original source: https://www.cnbctv18.com/technology/
