News

Google, Amazon, Nvidia and other companies have invested $235 million in the Hugging Face project

By: Bohdan Kaminskyi | 25.08.2023, 19:15

Google, Amazon, Nvidia and other companies have invested $235 million in the Hugging Face project

Series D open source AI model repository Hugging Face has raised $235 million from investors such as Google, Amazon, Nvidia and Salesforce amid rapid advances in artificial intelligence.

Here's What We Know

Investors in this round included Google, Amazon, AMD, Intel, IBM, Nvidia, and Salesforce. This brought the startup's valuation to $4.5bn.

Hugging Face CEO Clement Delangue told The Verge that the new round of funding will be used to expand the team, which currently has 170 people. The funds will also be spent on building the open source AI and platform.

Hugging Face hosts several popular generative AI models such as Stability AI's Stable Diffusion, Meta's Llama 2 and its variants. Amazon AWS and Hugging Face have partnered to make AWS Cloud the preferred cloud provider for Hugging Face.

Source: The Verge

Artificial Intelligence

About Site

Sections

Blockchain and cryptocurrencies

Gaming

Epic Games Store

Electronic Arts

Most Interesting

Leaks and rumors

ru

UK PL DA ES IT DE NL NB FR SV

© 2007—2024 gagadget.com

AFFILIATE DISCLOSURE Some posts may contain affiliate links. Gagadget.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

var _merchantSettings=_merchantSettings || []; _merchantSettings.push(['AT', '10lpuJ']); (function(){var autolink=document.createElement('script');autolink.type='text/javascript';autolink.async=true; autolink.src= ('https:' == document.location.protocol) ? 'https://autolinkmaker.itunes.apple.com/js/itunes_autolinkmaker.js' : 'http://autolinkmaker.itunes.apple.com/js/itunes_autolinkmaker.js';var s=document.getElementsByTagName('script')[0];s.parentNode.insertBefore(autolink, s);})();

(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-KDNH3DF');