Hugging Face

“I think we were the first organization to train on a fully opted out data sets where developers could just remove themselves from the training.”

“We actually did that for almost three years. We raised our pre-seed and seed rounds on, on this idea. We got a product out with a couple of billion messages exchanged between users and this Tamagotchi AI.”

“3000 companies are paying us for that, including Meta, including Bloomberg, including Grammarly and companies like that.”

“In the simplistic terms, the model or like AI is like a code base, right? It's a bit different, but at the end of the day, it's a code base, right? And so it's kind of silly to say, oh, this code base is better than this code base, or there's going to be one c…”

“One of these rules is that I don't talk to any investors external investors in between rounds, right? I'm making an exception for you today because it's a podcast, but Otherwise, I don't talk to anybody in between rounds because I feel like a lot of time it's …”

“Probably the way we make money today is not going to be the way we make money in three years or in five years.”

“We have 15,000 companies using us now. And then a smaller subset of companies are actually paying us, right? And for us, it's 3000 companies.”

“Because it's a completely different way to build technology, right? It's a way where you have to have scientists, for example, working for six months on a new architecture, on a new model before releasing it. So it's a different paradigm of how you build softw…”

“What really impressed me actually is how good they are just at marketing and branding and community building.”

“I think if you were thinking about AI as AI APIs, I agree. If you're thinking of AI as a more radical paradigm switch to build technology, right? And if you think about an AI startup as a company that is actually training models, creating new architectures, op…”

“You have person leave stripe or leave open AI or hugging face, and they raise 20 on a hundred. And that's happening more and more.”

“I miss both hugging face and runway at pre-seed which is painful that both, both New York companies absolutely represent the thing I'm describing, which is they were building things before anyone actually cared.”

“The Chinese open source, open rate models were available, and I think they use Kimi or Kuan or one of the newest models to help them figure out what happened, right? So they were able to defend themselves using an open source model, and then they do this blog …”

“OpenAI was training a next generation model and managing cyber and discovering and checking out cyber vulnerabilities. They had sandboxed it in such that the only access externally it has was to one website to just to get kind of Patch of information updates, …”

“People don't know this, but Arena's one of the largest consumer AI apps in the world. We're bigger than, like, XAI. We're bigger than, like, Hugging Face, and Manus, and GenSpark, where it's so massive, like if you, like outside in, it's like 30 plus million m…”

“I just don't believe you can throw a bunch of venture money into accounting firms or law firms. And magically turn them into the next Mercur or hugging face or any of these things.”

“I'm almost confident if anyone actually spends three billion, let alone thirteen billion, they're going to 95% leave it alone for 24 to 36 months, right?”

“Well, to a fifteen billion dollar outcome, I think it's roughly a hundred and fifty million.”

“Jensen standing on stage with 96.2 billion dollar quarter and immediately went shopping nearing the thirteen billion dollar price tag with the 12.9 billion that they paid for hugging face, which was confirmed just after we did last week's recording.”

“All, whatever LLM, whatever inference is, he's committed to winning a majority stake, 70%, 80% of every dollar here, and so 12.9 is, you know, no way I think it's worth it in isolation, but if it helps reinforce that, it's utterly defensible.”

“Slack was bought for twenty seven billion, which is rough and tough twice what Hugging Face apparently is going to get bought of. And we fell out of our chairs and it was the high watermark of that era, right? But it was at a billion in ARR. This one's at a hu…”