This week on Founded and Funded, we spotlight our next IA40 winners – Hugging Face and OctoML. Managing Director Matt McIlwain talks to Hugging Face Co-founder and CEO Clem Delangue and OctoML Co-founder and CEO Luis Ceze all about foundation models, diving deep into the importance of detecting biases in the data being used to train models as well the importance of transparency and the ability for researchers to share their models. They discuss open source, business models, the role of cloud providers and debate DevOps versus MLOps, something that Luis feels particularly passionate about. Clem even explains how large models are to machine learning like what Formula 1 is to the car industry.