Posted 12/28/2023, 10:00:00 AM
Open-Source AI Startup Hugging Face Aims to Democratize AI with $4.5B Valuation
- Hugging Face is a $4.5B open-source AI startup aiming to make AI accessible, not controlled by any one tech firm
- Its CEO sees open source as more attractive than closed models like OpenAI after recent drama
- The company has a "freemium" model - product is mostly free but paid versions for large companies
- Delangue believes open source and closed models serve different needs - customization vs general capabilities
- The company focuses on model quality and positive impact rather than just having the most GPUs