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.
Generative AI technology company Hugging Face has raised $235 million in series D funding, led by investors including Salesforce, Nvidia, and Microsoft, bringing its valuation to $4.5 billion as it aims to double down on team expansion and investments in open-source AI.
Actor Ashton Kutcher's venture capital firm, Sound Ventures, is investing in open source AI company Hugging Face, as part of a $235 million series D funding round, bringing Hugging Face's valuation to $4.5 billion.
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.
Ernst & Young has invested $1.4 billion in AI technologies and launched a new AI-powered platform, EY.ai, to help organizations adopt AI and unlock economic value responsibly.
