Observed Signal · Aug 28, 2023 · Policy Update · Source: Trending Topics · Impact: 4/5 · Sentiment: Neutral
Austria's New AI Strategy Delayed to 2024
Austria's government has confirmed that its revised AI strategy, which replaces an outdated 2021 document, will not be published until spring 2024. The strategy is being updated in response to the rapid rise of generative AI and criticism from researchers like Sepp Hochreiter. Meanwhile, an AI package for autumn 2023 will include plans for a dedicated AI authority and increased funding for basic research. In a separate development, Nvidia has announced the acquisition of Hugging Face, the leading open-source AI model platform, for $12.93 billion. The deal, confirmed by Nvidia CEO Jensen Huang, is pending antitrust review. Nvidia aims to scale Hugging Face's community of 18 million developers, while committing to keep the platform vendor-neutral and multi-cloud.
The article covers Austria's delayed AI strategy and Nvidia's $12.9B acquisition of Hugging Face, a major AI infrastructure deal that could reshape the open-source AI ecosystem and impact AI tooling used across AdTech and MarTech.
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Key Takeaways & Evidence Grounding
- Austria's revised AI strategy will be approved in spring 2024.
- Austria is working on an autumn AI package including a dedicated AI authority and funding for basic research.
- Nvidia acquires Hugging Face for $12,930,300,000.
- Hugging Face has more than 18 million developers and 3 million models.
- The Nvidia-Hugging Face deal is subject to antitrust review.
Connected Companies & Entities
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“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
“damals stiegen neben Nvidia unter anderem Salesforce, Google, Amazon, AMD, Intel, Qualcomm und IBM ein....”
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