Investors in the round include Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, and Sound Ventures. Basically companies with a ton of experience in enterprise sales cycles, both hardware and SaaS. (The company also says its round comes with no spend commitments.)
@mattlynley
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Hugging Face Reaches $4.5B Valuation in New Funding Round
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Hugging Face, the open source darling that has become pretty much the home of all OSS LLM and Diffusion models, has hit a $4.5 billion valuation with a new funding round. I spoke with Clement Delangue about what it means and how they balance enterprise plans and community growth.
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Apple App Store Model: GPT Derivatives Ecosystem Development
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Also what became really obvious after the app store was that Apple was not going to be designing/building/discovering the killer use cases for the iPhone (except maybe passbook). I think the same thing is going to probably be true about GPT/Llama derivatives.
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ChatGPT Works But Far From Fully Baked Says Expert
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I mean you could say the same thing about ChatGPT. It actually *works* and is (sort of) immediately useful after a million false starts in AI, and you can look at it and see the potential for an industry-altering tech. But it's nowhere close to fully baked.
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Resetting AI Expectations: Beyond the Hype Cycle
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With the AI hype fading into the distance (which really started back in July), it's time to reset our expectations. And also clarify what we really mean by AI's "iPhone moment," which we clearly haven't hit yet.
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Data Layer and AI: Navigating the Trough of Disillusionment
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The data layer is in that 2012 era of the iPhone moment. If we're talking about AI, we're probably at around 08-09 at best. So as we dive into the "trough of disillusionment" that Gartner loves to call it, it's important to remember we see these cycles a lot—and have a ways to go
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Data Layer Revolution: Snowflake and Databricks Transform Enterprise Infrastructure
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If there is an "iPhone moment" happening right now, it's in the data layer. Snowflake and Databricks basically came in and re-wrote the entire process of storing and accessing data for, well, everything, and spawned a whole universe of $1B+ companies around the two.
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The Real iPhone Moment: Connected Apps and Cross-Platform Integration
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A whole generation of apps built on top of connected APIs and accessible through the App Store built out the "real" iPhone moment. It wasn't until we were cross-posting Instagram photos and broadcasting Foursquare check-ins across networks that it started to "make sense."
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JSON REST APIs and App Store: The Real iPhone Moment
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Instead, the iPhone moment was really more of a rolling event triggered by two important events: the popularization of JSON-enabled REST APIs, and the launch of the App Store. And it was the former allowed apps to talk to each other for the first time.
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Beyond the Hype: Reconsidering AI’s iPhone Moment
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As the AI hype cycle stalls out with Gartner throwing it at the "peak of inflated expectations," it's a good time to revisit what the actual "iPhone moment" was. And, more clearly, what it was not—the launch of the original iPhone in 2007.