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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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