We Raised $100 Million for Open & Collaborative Machine Learning 🚀
Hugging Face, a company behind the popular Transformers library, has announced raising $100 million in Series C funding. The funds will be used to accelerate the development of its open-source machine learning models and tools. This investment is expected to further promote collaboration among researchers and developers in the field.
Hugging Face, a company behind the popular Transformers library, has announced raising $100 million in Series C funding. The funds will be used to accelerate the development of its open-source machine learning models and tools. This investment is expected to further promote collaboration among researchers and developers in the field.
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Why it matters: This matters because it shows significant financial backing for open-source AI research, which can lead to more transparent and reproducible results in machine learning.
Source: https://huggingface.co/blog/series-c
This article was originally published at: https://huggingface.co/blog/series-c