There is currently no indication that Bugatti has any plans to enter Formula One (F1) as a team. Bugatti is primarily known for its production of high-performance luxury cars and has not been involved in professional motorsports for several decades.
However, Bugatti is a subsidiary of the Volkswagen Group, which also owns several other brands that have participatedin F1, including Audi, Porsche, and Lamborghini. It is possible that Volkswagen Group could choose to enter F1 with one of its existing brands, but there has been no official announcement to suggest this will happen.
It's worth noting that entering F1 as a team requires a significant investment and commitment of resources, including a large budget, skilled personnel, and advanced technology. As such, any decision to enter F1 would need to be carefully considered by the company's leadership and aligned with its overall business strategy.