Google, Amazon, Nvidia, and others put $235 million into Hugging Face
by Emilia David from The Verge - All Posts on (#6E4R0)
Illustration by William Joel Open-source AI model repository Hugging Face just got massive investments from Google, Amazon, Nvidia, and Salesforce as demand for AI model access grows.
Hugging Face, which acts like GitHub for machine learning and other AI models, codes, and datasets, raised $235 million in a Series D fundraising round, reported CNBC. This latest financing brings Hugging Face's valuation to $4.5 billion, just one of the many businesses benefitting from investors' interest in generative AI.
Investors in this round included Google, Amazon, AMD, Intel, IBM, Nvidia, and Salesforce, all of whom have invested significantly into generative AI foundation models or processors running these models.
Clement Delangue, Hugging Face CEO, tells The Verge the new...