“AI builders use Hugging Faces all day, every day. Maybe in five years, you’ll have about 100 million AI creators,” said Hugging Face CEO.
Heaptalk, Jakarta — New York-based AI startup Hugging Face has secured a $235 million investment from a number of leading AI companies, including Google, Amazon, Nvidia, Salesforce, AMD, Intel, IBM, and Qualcomm as reported by CNBC.
This amount of investment was successfully obtained since the startup has a high valuation of $4.5 billion. This attainment was made possible as tech giants and venture capitalists are now interested in developing AI technology.
Delangue further emphasized that large companies are excited about injecting funds into Hugging Face as their employees actively use this platform. “AI builders use Hugging Faces all day, every day. Maybe in five years, you’ll have about 100 million AI creators. And if everyone uses Hugging Face all day, every day, we’re definitely in a good position,” Delangue said as quoted by CNBC.
Serving 10,000 paying subscribers
Hugging Face develops a platform that enables AI developers to share code, models, and data sets, and uses the company’s developer tools to more easily run open-source AI models. Therefore, this platform is able to accommodate large files that are characteristic of AI models.
In addition, Hugging Face has also developed several models, such as BLOOM, and a series of software tools called libraries that allow users to get models working instantly, to clean up large datasets, or to evaluate their performance.
This platform also accommodates multiple AI models in a web interface enabling end users to explore them. This way of working is similar to GitHub, a platform offering cloud-based services for software development, which Microsoft acquired in 2018.
Founded in 2016 by Clement Delangue, Julien Chaumond (CTO), and Thomas Wolf (CSO), this startup now hosts 500,000 different AI models, and 250,000 datasets, as well as serves 10,000 paying subscribers.
