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🀝 Meta and IBM Lead Industrywide AI Alliance for Technology Sharing

EU Invests into AI

Happy Tuesday!

In a groundbreaking collaboration, Meta Platforms Inc. and International Business Machines Corp.

In today's Article:

  • 🀝 Meta and IBM Lead Industrywide AI Alliance for Technology Sharing

  • πŸš€ AI Unleashes Breakthroughs in Complex Problem-Solving

  • πŸ’» EU Greenlights €1.2 Billion Aid for Cloud Computing Advancement

🀝 Meta and IBM Lead Industrywide AI Alliance for Technology Sharing

In a groundbreaking collaboration, Meta Platforms Inc. and International Business Machines Corp. have spearheaded the formation of the AI Alliance, a coalition comprising over 40 companies and organizations committed to advancing open source artificial intelligence initiatives. The primary objective of this alliance is to foster the responsible development of AI technology, emphasizing safety and security tools.

  • 🌐 Open Source Focus: The alliance will prioritize the development and dissemination of open source AI models, promoting accessibility and collaboration over proprietary systems.

  • πŸ€– Hardware Innovation: In addition to software, the AI Alliance will work towards the development of new hardware, aiming to enhance the capabilities and efficiency of AI systems.

  • πŸ“š Academic Collaboration: The coalition plans to collaborate with academic researchers, fostering partnerships with institutions such as the University of Notre Dame and the Mass Open Cloud Alliance.

  • πŸ›οΈ Governance Structure: The AI Alliance has outlined plans to establish a governing board and a technical oversight committee to ensure transparent and ethical practices within the alliance.

This collaborative effort signifies a paradigm shift in the AI landscape, with major industry players, including Oracle Corp., Advanced Micro Devices Inc., and Intel Corp., coming together to shape the future of AI development.

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πŸš€ In Today’s News

In a strategic move to bolster European participation in the cloud computing sector, the European Commission has granted approval for up to 1.2 billion euros ($1.30 billion) in state aid. The funding will be directed towards the IPCEI Next Generation Cloud Infrastructure and Services (IPCEI CIS) project, championed by seven European Union member states: France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain.

MIT and ETH Zurich researchers have pioneered a data-driven machine learning approach poised to revolutionize problem-solving in intricate scenarios. The innovative technique, applicable to challenges like global package routing, vaccine distribution, and power grid management, accelerates the performance of mixed-integer linear programming (MILP) solversβ€”the backbone of many optimization problems.

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