The introduction of xLSTM, Extended Long Short-Term Memory, marks a significant advancement in AI technology. Developed by Sepp Hochreiter, the inventor of LSTM, xLSTM addresses limitations of traditional LSTMs by incorporating new memory cells and scaling techniques. With features like exponential gating and enhanced memory structures, xLSTM competes favorably with State-of-the-Art Transformers and State Space Models, offering improved performance and scalability.