AI startup Hugging Face raised $235 million, with investments from Google, Amazon, Nvidia, etc.

Thank CTOnews.com netizens W (U) for the clue delivery! CTOnews.com, August 26, according to foreign media businesstimes, Hugging Face, a New York-based artificial intelligence start-up, has raised a round of $235 million (CTOnews.com Note: about 1.713 billion yuan), valued at $4.5 billion (currently about 32.805 billion yuan).

CTOnews.com notes that investors include Google, Amazon, Nvidia, Salesforce, AMD, Intel, IBM and Qualcomm. Clement Delangue, chief executive of Hugging Face, said the money would mainly be used to recruit talent to remain competitive in artificial intelligence. The current number of employees is 170.

Hugging Face has previously released the Llama large language model, which can be used by most companies for free. AI developers can share code, models, and datasets, and the development tools make the open source AI model easier to run.

Mr Delange says one of the reasons big companies are investing is that their employees are actively using the platform. He predicts that the number of software developers using the AI model will increase in the next few years. "maybe in five years you will have about 100m AI builders. If they all use Hugging Face all day and every day, we will obviously be in a good position."