According to Clément Delangue, CEO of Hugging Face, more founders are looking to sell their AI startups. Delangue says he is currently receiving inquiries from about ten founders a week who are interested in being acquired. Hugging Face itself recently announced the acquisition of Argilla for $10 million. This is the fourth acquisition for the New York startup, which raised $235 million from investors last year and is valued at $4.5 billion. Argilla develops software that allows people to collaboratively improve data sets to train artificial intelligence. Argilla's 13 employees will become part of Hugging Face, but will continue to operate independently under the same name.

Support our independent, free-access reporting. Any contribution helps and secures our future. Support now:
Bank transfer
Online journalist Matthias is the co-founder and publisher of THE DECODER. He believes that artificial intelligence will fundamentally change the relationship between humans and computers.
Join our community
Join the DECODER community on Discord, Reddit or Twitter - we can't wait to meet you.