Amazon’s cloud unit has teamed up with AI startup Hugging Face to enhance the efficiency of AI models. The collaboration aims to simplify the process of running multiple AI models on Amazon’s custom computing chip, Inferentia2. Hugging Face, valued at $4.5 billion, is a prominent platform for AI researchers and developers to share chatbots and other AI software.
Major tech players like Amazon, Google’s Alphabet Inc, and Nvidia Corp. have backed Hugging Face due to its reputation as a go-to destination for developers exploring open source AI models. The partnership with Amazon signifies a strategic move to attract more AI developers to use AWS cloud services for AI delivery, complementing Nvidia’s role in training models with AWS’s ability to operate trained models at a lower cost over time.
Hugging Face’s head of product and growth, Jeff Boudier, emphasized the importance of efficiency in enabling as many people as possible to run models profitably. The collaboration between Amazon and Hugging Face comes at a time when the global cloud services market is rapidly growing, with AWS leading the market in the fourth quarter and accounting for 31% of total cloud spending.
Recent reports indicate that Matt Garman will take over as CEO of AWS, succeeding Adam Selipsky, effective June 3. Amazon’s latest quarterly results revealed that AWS has become a $100 billion annual revenue business, reinforcing its position as a key player in the cloud services market. Analysts have highlighted the benefits of AI chip development and the diverse offerings for large language models, contributing to Amazon’s impressive stock performance over the past year.
In conclusion, the collaboration between Amazon and Hugging Face underscores the importance of efficiency and innovation in the AI space. By leveraging cutting-edge technology and strategic partnerships, both companies are well-positioned to drive progress and growth in the rapidly evolving field of artificial intelligence.
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https://finance.yahoo.com/news/amazon-ai-startup-hugging-face-185400303.html
