Salesforce Leads Financing of AI Startup at More Than $4 Billion Valuation

Salesforce is leading a financing round in Hugging Face, one of the most highly valued startups helping businesses use artificial intelligence, at a valuation north of $4 billion, according to two people with knowledge of the situation. The roughly $200 million funding round more than doubles the share price and private valuation of the New York–based company, one of these people said.

Salesforce is paying a high price for a piece of Hugging Face, which runs a service that helps …

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