Exclusive: The AI bubble is actually an LLM bubble, Hugging Face CEO says

• "I think the LLM bubble might be bursting next year," Delangue told Axios' Dan Primack in New York City.

Yes, but: Delangue sees potential for AI's applications in biology, chemistry, images, audio and video, he said.

• "LLM is just a subset of AI," he said.

Context: Hugging Face, which bills itself as GitHub for machine learning, says it is "the AI community building the future." The company provides open-source tools for developing artificial intelligence.

• "We're on a mission to democratize good machine learning, one commitment at a time," its website said.

Zoom out: Google, Amazon, Nvidia, IBM and other tech companies invested in Hugging Face in 2023.

• Google Cloud Tech announced this month that it was expanding its partnership with Hugging Face to accelerate open model developments.

State of play: Investors have signaled growing unease over Big Tech's borrowing to fund AI infrastructure.

• Google CEO Sundar Pichai said Tuesday that a burst AI bubble would not spare any company. He also said there is some "irrationality" in the AI boom.

Go deeper: AI's next act: World models that move beyond language

Editor's note: This story has been updated with details throughout.