Hugging Face launches innovative AI solution in partnership with technology giants

The emerging New York startup Hugging Face is making headlines again: Together with heavyweights such as Amazon and Google's parent company Alphabet, the company is launching a new, cost-effective open-source software solution. This aims to significantly reduce the financial barriers to developing chatbots and other AI systems. Hugging Face has established itself as a central hub for AI software developers and is now valued at $4.5 billion. It serves as an important distribution point for open-source AI technologies like Meta Platforms' Llama. So far, the process of converting these models into functional chatbots that run on Nvidia or AMD chips has required significant additional effort. Hugging Face is now addressing this problem with its new offering called HUGS, which stands for 'Hugging Face for Generative AI Services,' enabling the automation of these processes. Priced at just one dollar per hour, Hugging Face offers the solution via Amazon and Google Cloud services and also collaborates with Digital Ocean. Companies also have the option to download the software and run it in their own data centers. In competition with established providers such as OpenAI and Google-backed Anthropic AI, Hugging Face positions itself confidently. Jeff Boudier, Head of Product and Growth, emphasizes the goal of the offering: companies should be able to better control the costs of their AI initiatives and manage their data independently, especially in regulated industries like finance and healthcare, where data security is of utmost importance. "We are currently witnessing the anomaly that the standard practice is to outsource AI technology to third parties and opaque systems," Boudier explains. "Yet, in the tech industry, it has always been the wish of companies to develop and understand their own technology. What we want to achieve is to fulfill this desire and simplify the creation of one's own AI solutions with the best available models.