Hugging Face of the AI Model Convergence Platform received at least $13 billion in M&A interest

On 24 August, the next dramatic acquisition deal in the AI industry may not come from another model developer. The AI Model Cohesion Platform Hugging Face is currently exploring sales, with potential transactions valuing companies at $13 billion or more. According to sources, the start-up company is working with a bank to ascertain the interest of potential buyers and no transactions have been concluded. Kim Xian