What will happen to Hugging Face?

Plus

Ṁ1842

2028

47%

Acquisition (for >$4.5bn)

15%

Bankruptcy, collapse or acquisition for <$4.5bn

26%

IPO

12%

None of the above before 2029

Hugging Face are mysterious. They're the central hub for open-source AI, but they don't seem to have any revenue. This hasn't stopped them raising hundreds of millions of dollars - in fact, their valuation at their most recent raise was an astounding $4.5 billion: https://techcrunch.com/2023/08/24/hugging-face-raises-235m-from-investors-including-salesforce-and-nvidia/

I'm confused, and that's why I need your help, forecasters of Manifold: What is going on over there? Is it all going to fall apart, or will they coast to IPO or acquisition at an even higher valuation? Can valuations like that be justified by non-paying users alone? Who's going to buy them? Will they ever actually make any money?

Wild speculation and rumours in the comments encouraged.

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bought Ṁ250 Bankruptcy, collapse... NO1y

They claim $50M-$100M in annual revenue. That could be misleading, but more trustworthy than "they don't have revenue" stated with no basis.

read https://finty.com/us/business-models/hugging-face/

also if there are any kevin durant fans in the chat yall should learn more about huggingface

Don't they have revenue from their inference endpoints?

@nemo3501 yeah but not a lot

microsoft invests

@AbhinavSrinivas meta also like open source?

bought Ṁ10 Acquisition (for >$4... YES1y

@VAPOR yeah i think so

Added to https://manifold.markets/news/startups-next-major-event?r=MDQ4Mg

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Manifold is the world's largest social prediction market.

Get accurate real-time odds on politics, tech, sports, and more.

Win cash prizes for your predictions on our sweepstakes markets! Always free to play. No purchase necessary.

Are our predictions accurate?

Yes! Manifold is very well calibrated, with forecasts on average within 4 percentage points of the true probability. Our probabilities are created by users buying and selling shares of a market.

How do I win cash prizes?

Manifold offers two market types: play money and sweepstakes.

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