See the project FAQ and technical proposal for more details
“Today, the German chapter of the Wikimedia Foundation pulled back the wraps on Wikidata, a project that is aiming to be a single common source of structured data that can be used across all versions of Wikipedia. By December, that should allow editors of each individual language version of a Wikipedia article to pull data from that repository rather than adding it by hand themselves.
The project has an initial budget of $1.7 million, half of which is being funded by Microsoft co-founder Paul Allen's Allen Institute for Artificial Intelligence. An additional 25 percent of the funding is coming from Google, and the remaining 25 percent is from the Gordon and Betty Moore Foundation.”
Wikidata to provide structured data for all Wikipedia versions | Geek Gestalt - CNET News
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