Hugging Face helps companies develop AI

New York-based AI startup Hugging Face is teaming up with Amazon and Google to launch new open-source software aimed at lowering the cost of developing chatbots and other AI systems, Stephen Nellis reports for Reuters. The offering, called “HUGS” (Hugging Face for Generative AI Services), automates the implementation of AI models and will be available for $1 per hour through Amazon and Google’s cloud computing services, as well as Digital Ocean. Hugging Face, which is valued at $4.5 billion, has established itself as a central platform for the exchange of AI software. The new product is designed to help companies take control of their AI technology and ensure privacy in sensitive areas such as finance and healthcare.