FT had a solid piece a few weeks back: "Why AI start-up Hugging Face turned down a $500mn Nvidia deal"
https://giftarticle.ft.com/giftarticle/actions/redeem/9b4eca...
FT had a solid piece a few weeks back: "Why AI start-up Hugging Face turned down a $500mn Nvidia deal"
https://giftarticle.ft.com/giftarticle/actions/redeem/9b4eca...
sounds very interesting, but even though it says giftarticle.ft, I got blocked by a paywall.
https://archive.is/zSyUc
To summarize, they rejected Nvidia's offer because they didn't want one outsized investor who could sway decisions. And "the company was also able to turn down Nvidia due to its stable finances. Hugging Face operates a 'freemium' business model. Three per cent of customers, usually large corporations, pay for additional features such as more storage space and the ability to set up private repositories."
Freemium seems to be working pretty well for them—what’s the alternative website, after all. They seem to command their niche.
find the Bypass Paywalls Clean extension. Never worry about a paywall again