The AI industry’s next blockbuster acquisition may not be another model maker. Hugging Face, whose platform helps developers discover, share, and build AI models, has been exploring a sale that could value the company at $13 billion or more. The startup has been working with a bank to evaluate bidders’ interest, and no deal has
As Harvard Business School seeks to expand its reach, it’s leaning on AI avatars to provide individual feedback. These avatars were created by a startup called HeyGen and are included in the eight-week, $699 HBS Foundry bootcamp for entrepreneurs. The program offers live sessions with instructors every week, but the AI avatars are the ones
Japan is pouring billions of dollars into its burgeoning space industry and easing restrictions on defense exports, efforts designed to build a homegrown aerospace sector filled with domestic startups that have a global reach. Letara, a Sapporo-based startup developing hybrid propulsion systems for spacecraft, is looking to capitalize on that push. After focusing on hybrid
The near-bottomless demand for unique AI training data from top labs and corporations is driving a massive boom for a cohort of data-labeling startups. One of these fast-growing businesses is Micro1, a four-year-old startup that expanded its gross annual run rate from $100 million to $500 million over the past eight months, according to a
Fei-Fei Li says running an AI startup has brought out her “tiger mom” side. In an interview with Bloomberg released on Wednesday, the Stanford professor, known for creating ImageNet and often called the “Godmother of AI,” said that her seniority at the startup has put her in a bit of a parental role. Li cofounded
Rillet, a two-year-old startup building what it calls the first truly AI-native accounting platform, has raised a $100 million Series C at a $1 billion valuation, the company told Fortune exclusively—joining the ranks of AI-era unicorns racing to unseat decades-old enterprise software giants. The round, led by ICONIQ with participation from returning backers Sequoia Capital,