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What type of company will Hugging Face acquire next by December 31, 2025?
3
Resolution / Starting Odds
AI startup • 25%
Data storage company • 25%
Cloud services provider • 25%
Other • 25%
Official acquisition announcements from Hugging Face or verified reports in major tech news outlets
Story
Hugging Face Acquires Seattle's XetHub for Undisclosed Sum to Boost AI Model Hosting
Aug 8, 2024, 01:29 PM
Hugging Face, an AI unicorn, has acquired XetHub, a Seattle data storage startup founded by former Apple employees, for an undisclosed sum. The acquisition, which is Hugging Face's largest to date, aims to enhance its capabilities in hosting large-scale AI models. XetHub, which raised $7.5 million, will help Hugging Face scale its platform to manage larger datasets and accommodate more users. This move is part of Hugging Face's strategy to compete with major players like OpenAI and Google by enabling developers to build and collaborate on large AI models efficiently.
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