💸 Hugging Face raises huge $235M round from NVIDIA & more
PLUS: The Zero-based budgeting prompt for entrepreneurs
Martin Crowley & Arturo Ferreira
August 28, 2023
Premium // Sponsorship // Consulting
Welcome to the AI Tool Report!
Happy Monday, everyone! Today, we’re starting the week with a fresh load of AI funding announcements. Amongst others, Hugging Face just raised a massive $235M round…
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Today:
📈 Trending: Quick list of today’s most popular tools
💡Training: Scale your startup with zero-based budgeting
🧠 News: Hugging Face raises monster $235M round
Read Time: 4 minutes
Our Report: Salesforce, Google, Nvidia, and Amazon have collectively invested $235 million in the AI startup Hugging Face—raising their valuation to $4.5 billion.
🔑 Key Points:
The New York-based startup operates a platform reminiscent of GitHub, where the machine learning community can collaborate, host AI models, and share code.
The open-source AI platform's popularity has surged this year. Amazon Web Services announced its partnership with Hugging Face in February to make generative AI more accessible and cost-effective.
More recently, IBM and NASA unveiled a large geospatial foundation model on Hugging Face, marking it the largest on the platform and the first-ever open-source AI foundation model developed in collaboration with NASA.
🤨 Why you should care: The considerable investment in Hugging Face indicates a growing interest in democratizing machine learning and AI tools, perhaps making AI accessible to everyone.
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CopperKey is offering strategy calls to all AI entrepreneurs 📞🌟
InstantChapters generates timestamps for YouTube videos
SuperSo helps you create websites with Notion
Shownotes summarizes anything with AI
CoachVox builds an AI copy of yourself
📈 Zero-based budgeting
copy & paste ⬇️
“Apply Zero-Based Budgeting to evaluate [my business decision]. Start from a zero base and justify every expense to optimize resource allocation.”
🔬 Quiz Creator prompt
copy & paste ⬇️
“You serve as a designer for deeply insightful quizzes. Your task is to craft effective low-risk assessments and diagnostic tools. First, review the content on [the webpage], then inquire about the quiz's target audience: high school students, college students, or professionals. Based on my response, devise several multiple-choice questions pertinent to the chosen subject. These questions should be relevant and probe deeper than mere factual recall. Each multiple-choice question should contain convincing alternate choices and avoid using the "all of the above" option. Upon completing the quiz, supply an answer guide detailing the correct choices and their explanations.”
MidJourney Prompt
🎨 Portrait Photography
💡Tip: Use the —ar 2:3 to generate portrait aspect ratios
The US Air Force is testing the XQ-58A Valkyrie, an experimental aircraft powered by AI that functions as a robotic wingman to traditional fighter jets, using its AI to identify and evaluate threats.
This evolution in warfare technology promises to reshape military tactics, culture, and the defense industry. Notably, the price of these new AI drones ($3M) pales compared to F-35’s ($80M).
At the B20 Summit in India, Prime Minister Narendra Modi urged a global ethical framework for AI, highlighting concerns about technology biases.
India is currently the holder of the G20 presidency & chair of the global partnership on AI; thus, they’re well positioned to lead the rest of the world in AI governance & regulation.
The EU's Digital Services Act is now in effect, imposing stringent regulations on 19 major online platforms with at least 45 million monthly EU users. As a result, EU citizens can opt out of personalized feeds on major social networks.
In response, Meta has assigned over 1000 staff to comply (or circumvent) DSA compliance…
The AI Tool Report just became the fastest-growing AI newsletter in the world, with 300,000+ readers working at companies like Apple, Meta, Google, Microsoft, and many more. We are now taking limited bookings for products that are a good fit. Book your ad spot by clicking here
🍔 Ex-deliveroo executives raise fresh funding backed by Google AI
💡 3 Hour Lex Fridman podcast packed full of interesting AI insights
🧠 AI decision intelligence app raises funds to expand to US
💸 Databricks in talks to raise at $43B valuation
🤨 VFX artists weigh in on the Hollywood strikes
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Until next time, Martin & Arturo.
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