My understanding of Hugging Face is limited to "File Host with Model Cards". Can someone with more understanding explain what the $12 billion value comes from?
They offer inference, too. I don't know anyone who uses this service, but presumably it must be reasonably popular.
This is the most compelling case I've come across:
https://www.decodingdiscontinuity.com/p/nvidia-hugging-face-...
tldr; Acquisition is an option on Hugging Face becoming the distribution and data-creation infrastructure for open physical AI.
They are the primary service for this. That comes with an audience and a lot of data.