According to Business Insider, citing sources, AI model developer platform Hugging Face is exploring a sale, with a potential valuation that could reach $13 billion or even higher. The company has reportedly engaged a bank to assess interest from potential buyers, but no deal has been reached yet. This valuation represents a significant leap, nearly tripling its $4.5 billion valuation from its latest funding round in 2023, reflecting a repricing of AI infrastructure layer assets in the market.