AI startup Hugging Face said on Thursday it was valued at $4.5 billion in a $235-million funding round backed by technology heavyweights, including Salesforce, Alphabet's Google and Nvidia.
Following the launch of OpenAI's popular chatbot ChatGPT, several AI startups like Microsoft-backed Inflection AI and Google-backed Runway have raised funds. Intel, Advanced Micro Devices, Qualcomm, IBM, Amazon and Ashton Kutcher-backed venture capital firm Sound Ventures also participated in Hugging Face's latest funding round.
Source: Tech Daily Report (techdailyreport.net)
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