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function sm_add_wp_version_error() {
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function sm_add_php_version_error() {
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		<title>Hugging Face CEO Says More AI Startups Want To Get Acquired</title>
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					<description><![CDATA[[ad_1] Multi-billion dollar AI community startup Hugging Face announced its fourth acquisition to date on Thursday, a $10 million buy of a small AI collaboration platform called Argilla. Hugging Face CEO Clément Delangue now says he&#8217;s getting acquisition requests from many more startups — at least 10 a week. &#8220;This year, in particular, it has increased quite a lot,&#8221; he told Bloomberg. Clément Delangue, CEO of Hugging Face. Tom Williams/CQ-Roll Call, Inc via Getty Images Hugging Face&#8230;]]></description>
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<p>Multi-billion dollar AI community startup Hugging Face <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-13/more-ai-founders-looking-to-sell-startups-hugging-face-ceo-says" rel="noopener">announced</a> its fourth acquisition to date on Thursday, a $10 million buy of a small AI collaboration platform called Argilla.</p>
<p>Hugging Face CEO Clément Delangue now says he&#8217;s getting acquisition requests from many more startups — at least 10 a week.</p>
<p>&#8220;This year, in particular, it has increased quite a lot,&#8221; he told <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-13/more-ai-founders-looking-to-sell-startups-hugging-face-ceo-says" rel="noopener">Bloomberg</a>.</p>
<p><img decoding="async" alt="" class="lazyload" loading="lazy" role="presentation" src="https://assets.entrepreneur.com/images/misc/1718307710_Hugging-Face-GettyImages-1663179404.jpg?width=1000" style="height:667px; width:1000px" width="1000" height="667"/><i><sup>Clément Delangue, CEO of Hugging Face. Tom Williams/CQ-Roll Call, Inc via Getty Images</sup></i></p>
<p>Hugging Face lets developers openly share and test AI models that anyone can use, and has partnered with companies like <a target="_blank" href="https://huggingface.co/blog/gcp-partnership" rel="noopener">Google</a> and <a target="_blank" href="https://huggingface.co/blog/hugging-face-endpoints-on-azure" rel="noopener">Microsoft</a>. The company <a target="_blank" href="https://www.siliconrepublic.com/start-ups/hugging-face-series-d-funding-salesforce-google-amd" rel="noopener">claims</a> to have over a million AI models, datasets, and apps on its platform.</p>
<p>After a $235 million August funding round, with investments from Amazon, Nvidia, Intel, and other big tech names, Hugging Face is now <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-08-24/ai-startup-hugging-face-valued-at-4-5-billion-after-fundraising" rel="noopener">valued</a> at $4.5 billion.</p>
<p>Delangue&#8217;s remarks that he sees more AI startups looking to be acquired could signal that the AI industry is <a target="_blank" href="https://www.investopedia.com/terms/c/consolidationphase.asp" rel="noopener">consolidating</a>, or entering the stage when competitors begin merging, per Bloomberg.</p>
<p><b>Related: </b><a target="_blank" href="https://www.entrepreneur.com/business-news/unicorn-founders-launch-ai-business-credit-score-startup/471118" rel="noopener"><b>Unicorn Founders Launch AI Business Credit Score Startup</b></a></p>
<p>Huge tech companies have been quietly acquiring AI startups recently. According to a February <a target="_blank" href="https://www.cdomagazine.tech/aiml/ai-shopping-spree-apple-leads-charge-with-32-startup-acquisitions-in-2023" rel="noopener">report</a> from portfolio management company Stocklytics, Apple has made the most AI startup acquisitions compared to its peers, buying 32 startups last year and at least <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-14/apple-aapl-buys-canadian-ai-startup-darwinai-as-part-of-race-to-add-features" rel="noopener">one</a> more this year.</p>
<p>Google bought 21 AI startups and Meta acquired 18, per the same report.</p>
<p>AI stood out last year as one of the best-performing industries for unicorn, or billion-dollar valuation business, growth.</p>
<p>A February Morningstar <a target="_blank" href="https://www.entrepreneur.com/business-news/want-to-start-a-billion-dollar-business-look-to-these-two/470089" rel="noopener">report</a> found that more than four of every 10 startups that became a unicorn in 2023 focused on AI and machine learning.</p>
<p><b>Related: </b><a target="_blank" href="https://www.entrepreneur.com/business-news/want-to-start-a-billion-dollar-business-look-to-these-two/470089" rel="noopener"><b>Want to Start a Billion-Dollar Business? Look to These Two Industries</b></a></p>
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<br /><a href="https://www.entrepreneur.com/business-news/hugging-face-ceo-says-more-ai-startups-want-to-get-acquired/475631">Source link </a></p>
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