
What happened
Hugging Face, backed by Nvidia, is reportedly seeking a deal that could value it at $13 billion or more, and has hired an investment bank to evaluate buyer interest.
Why it matters
The company reached a $100 million annual revenue run rate as developers and corporations use its AI models and tools. A $13 billion deal would be nearly three times its $4.5 billion valuation from 2023.
What to watch
Nvidia reportedly offered $500 million earlier this year at a $7 billion valuation, but Hugging Face turned it down. There is no certainty a transaction happens at $13 billion.
Summaries like this, in your inbox every morning.
Hugging Face's reported pursuit of a $13 billion sale comes after it reached a $100 million annual revenue run rate, showing real income from its AI models, tools, and infrastructure. The company's valuation jump from $4.5 billion in 2023 to a possible $13 billion reflects how its business has developed. Nvidia's earlier $500 million offer at a $7 billion valuation, which was declined, suggests the company sees higher worth now. While the discussions are early and no buyer is named, interest at $13 billion would signal that established AI platforms with revenue are commanding higher prices.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
The Motley Fool argues Amazon is the AI company of the two, since AWS was just 21% of first-half 2026 revenue…

Hewlett Packard Enterprise stock is down 5% at $55.87

Vercel data published Thursday shows TypeSafe AI's Jev, a lightweight decision model for choosing among predet…

Chunghwa Telecom president Rong-shy Lin said the shift from conversational AI to autonomous AI agents is resha…

CoreWeave fell 5% in premarket trading Friday and was on track to finish the week down 15%, after rebounding f…

Apple and Meta said they would jointly release a new open-weight AI model designed to run on high-end Macs, ai…
