The partnership comes as Hugging Face reportedly seeks to raise fresh funds at a $4 billion valuation. The collaboration aligns with Nvidia's recent focus on cloud services for training and running AI models, as demand for such services continues to grow. Tech market research firm Tractica predicts that AI will account for up to 50% of total public cloud services revenue by 2025.
Key takeaways:
- Nvidia is partnering with AI startup Hugging Face to support a new service called Training Cluster as a Service, which simplifies the creation of new and custom generative AI models for enterprises.
- The service will be powered by Nvidia's DGX Cloud, an all-inclusive AI "supercomputer" in the cloud, and will integrate with Hugging Face's platform of over 250,000 models and 50,000 data sets.
- Companies can subscribe to DGX Cloud, with pricing starting at $36,999 per instance for a month.
- Hugging Face is reportedly looking to raise fresh funds at a $4 billion valuation and claims that more than 15,000 organizations are using its platform today.