Hugging Face has become central to the AI community, with over a million repositories, including 500,000 models, 250,000 datasets, and 250,000 spaces. The company has been working with large enterprise vendors like IBM and ServiceNow, and the new funding comes with "no strings attached, no commitment," according to CEO Clement Delangue.
Key takeaways:
- Hugging Face has officially announced a $235 million funding round led by Salesforce and participated by Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM and Sound Ventures, bringing the AI startup's valuation to $4 billion.
- The funds will be used to expand the team and invest in open-source AI and collaboration platform building.
- Hugging Face's CEO, Clement Delangue, emphasized that the new funding round has “no strings attached, no commitment,” and that Salesforce has been intensifying its open source AI efforts over the past few months.
- Large enterprise vendors like IBM and ServiceNow are working closely with Hugging Face, bolstering its large and growing community of users.