The New York-based company, which hosts open-source large language models and datasets, has been working with a bank to gauge bidders' interest, the report said.

Hugging Face, an AI developer platform, has been exploring a potential $13 billion sale, highlighting its key role in the AI ecosystem.

Hugging Face is reportedly exploring a sale valued at over $13B, nearly triple its $4.5B valuation from 2023, signaling massive AI market