🗞 SoftBank's Ampere Acquisition, Hugging Face's Open-Source AI Push, and Other News

🔎 The Latest on the AI Frontier:

• SoftBank's Strategic Move: $6.5B Acquisition of Ampere Computing

• Hugging Face Advocates for Open-Source AI in White House Policy Push

• Other news you might find interesting

💰 SoftBank Group acquires server chip maker Ampere Computing for $6.5 billion in cash

• Oracle and Carlyle Group agree to sell their stakes in Ampere, with the $6.5B valuation lower than Ampere's $8B+ valuation from 2021.

• The acquisition aims to boost SoftBank's AI infrastructure ambitions, particularly as it partners with OpenAI to build AI facilities in the U.S.

• Ampere, founded by former Intel exec Renee James in 2017, designs data center chips on Arm's platform, complementing SoftBank's majority stake in the British chip designer.

🔓 Hugging Face challenges Big Tech by proposing open-source AI as America's competitive advantage in White House policy recommendations

• The platform (1.5M public models) cites OlympicCoder and OLMo 2 as proof that open-source models can match commercial systems at lower cost.

• Their three-pillar strategy promotes research infrastructure investment, efficient models for broader access, and transparent systems for enhanced security.

• This contrasts with OpenAI's push for minimal regulation and "voluntary partnership" as the Trump administration develops its AI Action Plan under EO 14179.

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