Nvidia-Backed Open-Source AI Startup Reaches $4.5B Valuation with Tech Titans’ Support

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Nvidia Corp (NASDAQ: NVDA) backed open-source AI firm Hugging Face raised $235 million at a $4.5 billion valuation from some of technology’s biggest companies. The other backers included Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Amazon.Com Inc (NASDAQ: AMZN), Salesforce, Inc (NYSE: CRM), Advanced Micro Devices, Inc (NASDAQ: AMD), Intel Corp (NASDAQ: INTC), International Business Machines Corp (NYSE: IBM) and Qualcomm Inc (NASDAQ: QCOM) contributed to the funding round. Hugging Face CEO Clement Delangue said the funds will help hire talent to compete in the artificial intelligence spa…

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