The document discusses the OpenStack Project, an open source cloud computing platform, and the formation of the OpenStack Foundation. It describes how the OpenStack Project was founded in 2010 by Rackspace and NASA, follows a six-month release cycle, and is committed to open source, design, development and community. It also outlines the timeline of establishing the OpenStack Foundation from 2011 to 2012 to oversee the project, including drafting a governance structure, securing financial commitments, and lessons learned around gaining consensus from members.
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