A growing number of artificial intelligence founders are looking to sell their companies.
it is according to Clement DelangeCo-founder and CEO of an AI startup Hugging Facehas agreed to acquire a small company called Argilla For $10 million Bloomberg Reported on Thursday, June 13th.
Hugging Face reportedly already had a relationship with Argila, a company that develops collaborative software for AI professionals.
Hugging Face approached Argila about the deal, but DeLange reportedly told Bloomberg that the company was also receiving inquiries every week from around 10 startups interested in acquiring it.
“There has been a substantial increase this year in particular,” he said in the report.
Hugging Face, which reportedly develops AI software and hosts it for other companies, has deep resources that could attract companies interested in acquiring it, DeLange said.
Last year, Hugging Face raised $235 million. Funding roundIncluding investors Google, Amazon, NVIDIA, IBM othersThe company was valued at $4.5 billion.
Meanwhile, big tech companies continue to try to lure startups to their cloud computing networks. Amazon, for example, announced on Thursday that it would invest $230 million in its cloud computing network. Amazon Web Services (AWS) Credit AI Startups.
The credits will give early-stage generative AI companies free access to computing power, a range of AI models, and infrastructure, as long as they use AWS to build their companies.
Amazon already provides $1 billion in cloud credits to startups annually, and said its new effort will be focused on supporting generative AI startups.
“They'll be able to iterate and pivot very quickly as needed,” says Matt Wood, vice president of AI products at AWS. “And then finally, when they hit a home run, they'll be able to push themselves harder and get to scale with security, accountability, and consistency.”
In April, Amazon CrowdCreditoffering to cover Usage of AI models from companies such as Anthropological, Meta, Mistral AI and Close Contact.
“This is another gift we are giving to the startup ecosystem in the hope that startups will continue to choose AWS as their first choice.” Howard WrightThe AWS vice president and global head of startups said at the time:
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