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