Tech Giants Propel AI Startup Hugging Face to $4.5B Valuation

AI startup Hugging Face has raised $235 million in funding, bringing its valuation to $4.5 billion. The investment comes from major tech companies including Google, Amazon, Nvidia, Salesforce, AMD, Intel, IBM, and Qualcomm. Hugging Face provides a platform for AI developers to share code, models, and data sets, making it easier to run open-source AI models. The company's collaborative approach and its focus on developer tools have attracted a large user base, including employees from the investing companies. Hugging Face hosts 500,000 AI models, 250,000 data sets, and has 10,000 paying customers.