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Market
Will Hugging Face announce another major acquisition by the end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements or press releases from Hugging Face
Story
Hugging Face Acquires XetHub to Handle 1 Billion Requests
Aug 8, 2024, 03:14 PM
Hugging Face has announced its acquisition of XetHub, a move aimed at enhancing its technological capabilities. The acquisition is expected to help Hugging Face manage its massive data requirements, which currently include handling 1 billion daily requests and managing 6 petabytes of bandwidth across 1.3 million models, 680,000 spaces, and 450,000 datasets. XetHub's technology will enable Hugging Face to efficiently chunk and deduplicate data, potentially increasing its capacity to handle up to 1 trillion requests per day. This strategic acquisition is part of Hugging Face's broader efforts to advance open-source AI and improve its infrastructure.
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Similar markets
Yes • 50%
No • 50%
AI Platform • 25%
Data Processing Company • 25%
Cloud Services • 25%
Other • 25%
AI startup • 25%
Data storage company • 25%
Cloud services provider • 25%
Other • 25%
Yes • 50%
No • 50%
Leader • 25%
Second • 25%
Third • 25%
Other • 25%
Hugging Face surpasses OpenAI and Google • 33%
Hugging Face surpasses OpenAI but not Google • 33%
Hugging Face surpasses Google but not OpenAI • 33%
Hugging Face does not surpass either • 33%