One of Business Insider's Top AI Podcasts
Aug. 31, 2023

How Hugging Face raised $235M

How Hugging Face raised $235M

In this episode, Nathan and Erik sit down to analyze Hugging Face in light of its recent $235M Series D round.

In this episode, Nathan and Erik sit down to analyze Hugging Face in light of its recent $235M Series D round. They analyze Hugging Face’s community and defensibility through the lens of other community businesses like ProductHunt and Yelp, assess its ability to fulfill its $4.5 billion valuation, and assess competitors and other notable companies in the space like Replit, Character, and Runway. If you're looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/cognitive


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TIMESTAMPS:

(00:00:57) Episode Preview

(00:01:52) Nathan’s Introduction

(00:04:57) Overview of Hugging Face and recent fundraising announcement

(00:08:13) Hugging Face’s product line

(00:16:47) Sponsors: Netsuite | Omneky

(00:18:36) Community driven businesses and HuggingFace’s moat

(00:23:23) Discovery and inference

(00:28:04) Hugging Face’s ideological nature

(00:31:31) Curation is key

(00:33:46) Keeping content fresh when AI moves so fast

(00:35:44) If Hugging Face is a $50 billion company one day, what would it look like?

(00:48:08) Hugging Face vs Replit

(00:57:19) Contrasting Hugging Face with other companies like Character and Runway


LINKS MENTIONED:

Hugging Face's LLM leaderboard


X/TWITTER:

@labenz (Nathan)

@eriktorenberg

@CogRev_Podcast


SPONSORS: NetSuite | Omneky

NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ head to NetSuite: http://netsuite.com/cognitive and download your own customized KPI checklist.


Omneky is an omnichannel creative generation platform that lets you launch hundreds of thousands of ad iterations that actually work customized across all platforms, with a click of a button. Omneky combines generative AI and real-time advertising data. Mention "Cog Rev" for 10% off.


Music Credit: GoogleLM