Sources: Hugging Face is exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to evaluate bidders' interest (Katie Roof/Business Insider)

Hugging Face is reportedly exploring a sale that could value the company at over $13 billion, a significant increase from its $4.5 billion valuation in 2023. The company, which provides a platform for AI developers, is said to be working with a bank to assess interest from potential bidders for this acquisition.