HOME WORLD INDIA BHOPAL BUSINESS ENTERTAINMENT SCIENCE & TECHNOLOGY SPORTS HEALTH
WTN SPECIAL GOSSIP CORNER RECIPES DRINKS FUN FACTS WTN HINDI
EDUCATION LIFESTYLE TRAVEL ART & LITERATURE BIG MEMSAAB OPINION & INTERVIEW BrahMos
ABOUT US PRIVACY POLICY SITEMAP CONTACT US
BREAKING NEWS
BKI terror module busted; key operative arrested with hand grenade in Punjab
Domestic equity investments cross Rs 5 lakh crore mark for third consecutive year
Pooja Singh’s seventh-place finish caps India’s three-medal World Athletics U20 campaign
Hansika Motwani's look in Rohith Nara's 'Kapaali' released
Cong has 'no standing' in UP, can benefit only through SP alliance: BJP's Brij Bhushan
Bengal's new industrial policy to prioritise investments in sectors with strong demand for ancillary units
Home / Business

Big Tech firms invest $235 mn in AI model repository Hugging Face

24 Aug 2023
Business
Big Tech firms invest $235 mn in AI model repository Hugging Face
The latest Series D fundraising round brings Hugging Face’s valuation to $4.5 billion, reports CNBC.Investors in this round have invested significantly into various generative AI models of their own.The funds will be used “to grow the team currently at 170 and invest in more open source AI and platform building, said Clement Delangue, Hugging Face CEO.The New York-based company is named after the hugging face emoji -- a smiley face framed by two open hands.“AI builders are using Hugging Face all day, every day. Maybe in five years, you’re going to have like 100 million AI builders. And if all of them use Hugging Face all day, every day, we’ll obviously be in a good position, said Delangue.Hugging Face hosts 500,000 different AI models, 250,000 data sets, and has 10,000 paying customers, according to the report.The key investment in Hugging Face comes a t a time when AL models like Microsoft-backed ChatGPT, Meta’s Llama 2, Google’s Bard and others are making the rounds.Amazon AWS and Hugging Face have partnered to make AWS Cloud Hugging Face’s preferred cloud provider.--IANS
na/

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)