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Recently, artificial intelligence development company OpenAI announced that it will allow some European customers to store and process data related to their interactions with the chatbot within the European Union, rather than storing the data in the United States or elsewhere. This move highlights the profound impact of EU regulations on large digital platforms and AI developers concerning data usage. Image source note: The image is generated by AI, and the image licensing provider Midjourney has paid fees for companies and educational institutions to use the chatbot.

Hugging Face has acquired XetHub to accelerate the process of AI democratization. Founded by former Apple engineers, XetHub focuses on simplifying the building of machine learning and AI applications. The team secured $7.5 million in funding from Madrona Ventures in 2021 to accelerate their development. This acquisition signifies Hugging Face, an influential platform in the AI development space, further expanding its technological capabilities and talent pool. The inclusion of XetHub reflects the industry's growth.

Huawei unveiled three innovative data storage solutions at MWC24 Barcelona, including AI Data Lake, All-Scenario Data Protection, and DCS Full-Stack Data Center, aimed at building a leading data infrastructure for the AI era.

New York-based startup Vast Data successfully completed $118 million in Series E funding, reaching a valuation of $9.1 billion. Vast Data offers unstructured data storage solutions targeted at artificial intelligence and machine learning workloads. The funding will be used to expand operations, with a focus on the Asia-Pacific, Middle East, and European regions. The founding team stated that Vast Data's business is thriving, with an annual recurring revenue of $200 million, and its client base includes well-known brands such as Pixar and Zoom.

["Google Cloud has launched a new data storage location feature for Vertex AI to meet regulatory requirements in industries such as finance and healthcare.", "The first batch of pre-trained generative AI models supporting data storage location selection includes PaLM-2.", "Supported storage locations include the United States, Canada, Japan, and 10 other countries.", "The second batch of data storage control measures involves Vertex AI Search and Vertex AI Conversati"]