More AI Founders Looking to Sell Startups, Hugging Face CEO Says

A growing number of AI startup founders are looking to sell their companies, according to the chief executive officer of Hugging Face, in a possible sign of consolidation coming to the artificial intelligence market.

Hugging Face, a leading AI startup, announced Thursday that it has agreed to pay $10 million for a small company called Argilla, its fourth acquisition to date. While Hugging Face approached the company about a tie-up, it’s also getting inbound requests from many more.

Clément Delangue, co-founder and CEO of Hugging Face, told Bloomberg News he’s hearing from about 10 AI startups each week that are interested in being acquired. ...