HuggingFace Hits 1 Million Models: The Open Source Revolution

Author

Damon James
October 01, 2024

October 1st, 2024

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Today’s Menu

  • HuggingFace Hits 1 Million Models: The Open Source Revolution

  • Bitcoin’s Drop: A Bullish Setup or Warning Sign?

Markets

Price

1 Day Change

Bitcoin

$61,852

.8% ⬆️

Ethereum

$2,502

1.3% ⬇️

Solana

$147

.7% ⬇️

TODAY IN AI

HuggingFace Hits 1 Million Models: The Open Source Revolution

HuggingFace, the powerhouse of open-source AI, just reached 1 million models hosted on its platform. Once a small chatbot company, it pivoted to become the go-to AI library for developers everywhere.

Why it matters: HuggingFace made AI accessible, offering everything from models like Llama to niche tools for audio, image, and real-world applications. It's a toolbox for both tech giants and beginners, democratizing AI innovation and setting the stage for open-source models to compete with the best in the business.

Today In Crypto

Bitcoin’s Drop: A Bullish Setup or Warning Sign?

Bitcoin slipped below $64,000 during the European morning, down 3% in the last 24 hours. According to 10x Research, this pullback seems like a typical correction after overbought conditions, with short-term reversal signals turning bearish.

Historically, September is Bitcoin’s worst month, but it may close up by 7%—its best September ever. Traders are eyeing a possible run to $70K in October, which has historically been one of Bitcoin’s strongest months.

Meanwhile, digital asset funds saw inflows of $1.2 billion last week, driven by expectations of Fed rate cuts.

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