Big Tech slips $235M into AI model warehouse Hugging Face

Hugging Face, a leading AI model repository, has raised $235 million in funding, including investments from top tech players and Hollywood actor Ashton Kutcher, bringing its valuation to $4 billion and highlighting the growing interest in openly available AI models.

theregister.com

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8/22/2023

Salesforce Leads Financing of AI Startup at More Than $4 Billion Valuation

Salesforce is leading a financing round of $200 million for Hugging Face, a startup that helps businesses use AI, at a valuation of over $4 billion, more than doubling the company's share price and private valuation.

8/24/2023

Hugging Face Introduces IDEFICS: Pioneering Open Multimodal Conversational AI with Visual Language Models

The research team at Hugging Face has developed IDEFICS, a multimodal language model that rivals closed proprietary models in capabilities and promotes openness and collaboration in the field of AI by relying solely on publicly available data. It can seamlessly process sequences of images and text to generate coherent conversational outputs, making it a significant advancement in open research and innovation.

8/28/2023

IBM's CEO, who froze hiring for thousands of back office jobs and predicted AI would take up to 50% of new jobs, just piled into a $4.5 billion tech unicorn's massive new $235 million funding round

IBM CEO Arvind Krishna has invested $235 million in the $4.5 billion AI startup Hugging Face, with IBM and Hugging Face already collaborating on AI tools and models, including a partnership with NASA.

9/3/2023

AI21 Labs secures $155 million in Israel's 3rd largest fundraise of 2023

AI21 Labs, a leading AI and language model start-up, has raised $115 million in a Series C funding round to further develop its text-based generative AI services for enterprise applications, bringing its total capital raised to $283 million and its valuation to $1.4 billion. The funding round, which included investors such as Google and NVIDIA, highlights the increasing interest and investment in the field of artificial intelligence.

9/18/2023

AI Content Startup Writer Raises $100M, Valued at $500M Amid Investment Craze

San Francisco-based AI startup Writer has raised $100 million in a funding round led by Iconiq Growth, bringing its valuation to $500 million, and aims to help businesses use large language models to generate content across different departments.

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Posted 8/24/2023, 10:58:00 PM