Observed Signal · Mar 27, 2024 · Product Launch · Source: Trending Topics · Impact: 3/5 · Sentiment: Positive
Linz startup NXAI launches to build xLSTM, challenge OpenAI
NXAI, a new startup based in Linz, Austria, has launched with the aim of developing competitive AI products. Founded by AI pioneer Sepp Hochreiter, Albert Ortig, and Stefan Pierer, NXAI brings together researchers including Johannes Brandstetter, who returned from Microsoft. The company focuses on xLSTM, an enhanced version of the LSTM model, as an alternative to transformer-based LLMs like those from OpenAI. In an interview, Brandstetter discusses his transition from Microsoft, the European AI landscape, and NXAI's dual focus on industrial simulation and LLM development. The team aims to make Linz a globally recognized tech hub and compete with major AI players, leveraging Europe's industrial strengths and the momentum of AI transformation.
European AI startup launch with novel xLSTM architecture, significant for AI infrastructure and potential applications in advertising technology, though not directly advertising-specific.
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Key Takeaways & Evidence Grounding
- NXAI was launched in Linz by Sepp Hochreiter, Albert Ortig, and Stefan Pierer.
- NXAI is developing xLSTM, a novel large language model architecture as an alternative to transformers.
- Johannes Brandstetter joined NXAI as Head of Research (AI4Simulation) after leaving Microsoft.
- NXAI aims to apply AI-driven simulation to industrial processes across Europe.
- The company intends to compete with OpenAI and other LLM developers.
Connected Companies & Entities
11 Entities mapped“Nichts weniger als OpenAi zu schlagen, ist das große Ziel....”
“Ich war zwei Jahre bei Microsoft und war dort natürlich konfrontiert mit OpenAI....”
“Nvidia sind die, die die Schaufeln zum Goldgraben verkaufen....”
“Meta setzt extrem stark auf Open Source....”
“dann gibt es die Startups wie Mistral und so weiter, die aufpoppen....”
“Aleph Alpha aus Deutschland und Silo AI aus Finnland....”
“Apple hat erst kürzlich verkündet, dass es 500 neue Arbeitsplätze in Linz einrichtet....”
“wir haben Dynatrace, wir haben andere große Firmen in Linz....”
“viele Unternehmen wie Trumpf, Bosch, Borealis und so weiter in Europa....”
“Aleph Alpha aus Deutschland und Silo AI aus Finnland....”
“Es gibt ja aus Österreich heraus ein ganz spannendes Startup: Magic von Erik Steinberger und Sebastian De Ro....”
Ontology Mapping & Concepts
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