On August 24, 2026, Business Insider reported that Hugging Face, one of the world's foremost AI model communities, is contemplating a complete sale, with the potential deal valuation soaring to $13 billion (equivalent to approximately RMB 87.4 billion) or even surpassing that figure. At present, Hugging Face has engaged with a bank to evaluate acquisition interest from potential buyers. However, no agreement has been finalized as of yet, and the identities of the potential buyers, along with the specific terms of the deal, remain undisclosed.

Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face primarily offers developers a suite of services for publishing, downloading, sharing, and deploying AI models, datasets, and applications. It stands as a pivotal foundational platform within the global open-source AI ecosystem. In 2023, Hugging Face successfully secured a funding round of $235 million, propelling its valuation to $4.5 billion. The roster of investors included prominent names such as Salesforce, Google, NVIDIA, Amazon, AMD, Intel, and Qualcomm, among others. Should the final valuation reach $13 billion, it would signify an increase of at least $8.5 billion from its 2023 valuation, marking a growth of nearly 2.9 times within a span of three years.