AI Startup Hugging Face Is Raising VC Funds At $4 Billion Valuation
Hugging Face is raising at least $200 million in a new funding round expected to value the high-flying AI startup at $4 billion, multiple sources tell Forbes.| Forbes
Hugging Face is raising at least $200 million in a new funding round expected to value the high-flying AI startup at $4 billion, multiple sources tell Forbes.| Forbes
Baseten raised $40 million to make it easier for companies to actually deploy AI applications in a practical way after growing its revenue to several million dollars.| Forbes
Nat Friedman and Daniel Gross built a 4,000-chip supercomputer. Andreessen Horowitz is in talks to secure tens of thousands of GPUs for an offering of its own, a source said.| Forbes
Is it a crypto company? Is it a biometric authentication platform? A “human economic system”? Inside Worldcoin’s struggle to find itself.| Forbes
A provisional new board of directors will include Bret Taylor, Larry Summers and Adam D’Angelo. Greg Brockman also returns.| Forbes
After every company on the 2022 list increased headcount, this year’s list has seen company sizes splinter in each direction.| Forbes
Seven of 16 newcomers to Forbes’ annual Cloud 100 list are AI companies. More than half of Cloud 100 companies say they have launched a generative AI feature in the last eight months.| Forbes
Alex Rives, the research lead of Meta’s former AI protein team, is interim CEO for new startup EvolutionaryScale, which is developing biological large language models.| Forbes
Unpaid bills, bungled contracts and a disastrous meeting with Nvidia's kingmaker CEO. Inside the stunning downfall of Emad Mostaque.| Forbes
Sequoia’s China and India and Southeast Asia funds are shedding their brand ties, becoming new firms HongShan and Peak XV Partners.| Forbes
Imbue has a $1 billion valuation and access to 10,000 Nvidia H100 GPUs, but its founders Kanjun Qiu and Josh Albrecht say it could be years away from revealing a product.| Forbes
With new funding that values it at $1 billion, the year-old company already counts Microsoft, Nvidia and Workday as strategic partners.| Forbes
The ten-year-old Australian startup led by Melanie Perkins said annualized revenue had reached $1.6 billion and also unveiled brand-focused features for its 6 million team accounts.| Forbes
CEO Sam Altman famously has no equity in OpenAI, but startup bets like Reddit, Stripe and Helion have made him a billionaire anyway, a Forbes investigation found.| Forbes
Cyrus Hodes alleges that Mostaque, the CEO, “fraudulently cheated” him out of a stake that within months was worth $150 million on an undiluted basis.| Forbes
Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and some misleading claims from founder Emad Mostaque.| Forbes
With Bard, its newly launched "experimental conversational AI service," Google’s scrambling to ship AI products. But past scandals, botched launches and a talent drain have put it in a surprise position: playing catch-up in a field it helped create.| Forbes
He briefly became the world’s youngest self-made billionaire by supplying AI companies with the one thing they all need: humans. Hundreds of thousands of them. Now Wang’s $7.3 billion startup Scale AI is primed to cash in on the biggest AI boom yet—unless someone else can do it better or cheaper.| Forbes
The unicorn AI startup is bringing bots that make it sound like you’re talking to well known people like Taylor Swift into interactions with friends.| Forbes
Anthropic's round led by Menlo Ventures surprised some insiders for its form of a special purpose vehicle and its function to help price bets by giants Amazon and Google.| Forbes
Now valued at $300 million while still pre-revenue, per a source, Tome says it’s the fastest productivity software maker to ever reach a million users since its September release.| Forbes
This year’s AI 50 list shows that artificial intelligence is helping companies achieve more with less: the median headcount for an AI 50 startup was 89 employees, down from 150 last year.| Forbes
Notion cofounder Ivan Zhao captivated Silicon Valley investors and everyday consumers alike with a sleek productivity app that went so viral its servers crashed. Now, the profitable startup’s CEO sees a rare opening to break Microsoft and Google’s dominance in the workplace by going early and aggressive on AI.| Forbes
The new generative AI tool is built on top of OpenAI’s GPT-4 and Anthropic’s Claude 2.| Forbes
AI-generated pornographic images of at least 55 well known celebrities were available for purchase until Forbes notified Etsy. Meanwhile, the company’s recommendation and “related searches” feature directed users to even more.| Forbes
Sam Altman has been pushed out of AI juggernaut Open AI after an internal review found he had not been forthcoming over representations made to the board.| Forbes
