{"id":12055,"date":"2024-06-14T11:12:09","date_gmt":"2024-06-14T11:12:09","guid":{"rendered":"https:\/\/imsfund.com\/?p=12055"},"modified":"2024-06-14T11:12:09","modified_gmt":"2024-06-14T11:12:09","slug":"hugging-face-ceo-says-more-ai-startups-want-to-get-acquired","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/06\/14\/hugging-face-ceo-says-more-ai-startups-want-to-get-acquired\/","title":{"rendered":"Hugging Face CEO Says More AI Startups Want To Get Acquired"},"content":{"rendered":"


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Multi-billion dollar AI community startup Hugging Face announced<\/a> its fourth acquisition to date on Thursday, a $10 million buy of a small AI collaboration platform called Argilla.<\/p>\n

Hugging Face CEO Cl\u00e9ment Delangue now says he’s getting acquisition requests from many more startups \u2014 at least 10 a week.<\/p>\n

“This year, in particular, it has increased quite a lot,” he told Bloomberg<\/a>.<\/p>\n

\"\"Cl\u00e9ment Delangue, CEO of Hugging Face. Tom Williams\/CQ-Roll Call, Inc via Getty Images<\/sup><\/i><\/p>\n

Hugging Face lets developers openly share and test AI models that anyone can use, and has partnered with companies like Google<\/a> and Microsoft<\/a>. The company claims<\/a> to have over a million AI models, datasets, and apps on its platform.<\/p>\n

After a $235 million August funding round, with investments from Amazon, Nvidia, Intel, and other big tech names, Hugging Face is now valued<\/a> at $4.5 billion.<\/p>\n

Delangue’s remarks that he sees more AI startups looking to be acquired could signal that the AI industry is consolidating<\/a>, or entering the stage when competitors begin merging, per Bloomberg.<\/p>\n

Related: <\/b>Unicorn Founders Launch AI Business Credit Score Startup<\/b><\/a><\/p>\n

Huge tech companies have been quietly acquiring AI startups recently. According to a February report<\/a> from portfolio management company Stocklytics, Apple has made the most AI startup acquisitions compared to its peers, buying 32 startups last year and at least one<\/a> more this year.<\/p>\n

Google bought 21 AI startups and Meta acquired 18, per the same report.<\/p>\n

AI stood out last year as one of the best-performing industries for unicorn, or billion-dollar valuation business, growth.<\/p>\n

A February Morningstar report<\/a> found that more than four of every 10 startups that became a unicorn in 2023 focused on AI and machine learning.<\/p>\n

Related: <\/b>Want to Start a Billion-Dollar Business? Look to These Two Industries<\/b><\/a><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Multi-billion dollar AI community startup Hugging Face announced its fourth acquisition to date on Thursday, a $10 million buy of a small AI collaboration platform called Argilla. Hugging Face CEO Cl\u00e9ment Delangue now says he’s getting acquisition requests from many more startups \u2014 at least 10 a week. “This year, in particular, it has increased […]<\/p>\n","protected":false},"author":5,"featured_media":12056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1718307681-Hugging-Face-GettyImages-1663179404.jpg?format=pjeg&auto=webp","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-12055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=12055"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12055\/revisions"}],"predecessor-version":[{"id":12057,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12055\/revisions\/12057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/12056"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=12055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=12055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=12055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}