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  • Xiaomi declares an unprecedented achievement with a sales record of $3.11 billion on Singles Day.

    Xiaomi declares an unprecedented achievement with a sales record of $3.11 billion on Singles Day.

    yasmeeta
    November 14, 2023

    During the annual Singles Day shopping event, Xiaomi, a renowned Chinese electronics company, reported exceptional sales across various platforms. From October 23 to November 11, Xiaomi’s sales surpassed 22.4 billion yuan (approximately $3.11 billion) on…

  • Bosch, SAP, and several other companies support Europe’s response to OpenAI, injecting $500 million in new funding.

    Bosch, SAP, and several other companies support Europe’s response to OpenAI, injecting $500 million in new funding.

    yasmeeta
    November 9, 2023

    Aleph Alpha, a German startup challenging the Microsoft-backed artificial intelligence firm OpenAI, announced on Monday that it had secured $500 million in funding. This funding round enjoyed support from notable entities such as Bosch, SAP,…

  • Replit’s CEO outlines the roadmap to achieve artificial developer intelligence and secures a fresh $20 million in investment.

    Replit’s CEO outlines the roadmap to achieve artificial developer intelligence and secures a fresh $20 million in investment.

    yasmeeta
    November 7, 2023

    Replit, a developer platform company, has recently secured a $20 million investment from Craft Ventures. This development is part of Replit’s ongoing efforts to empower developers with generative AI capabilities, paving the way for a…

  • The UK allocates $273 million towards an AI supercomputer to enhance its competitiveness in the global race with the U.S. and China.

    The UK allocates $273 million towards an AI supercomputer to enhance its competitiveness in the global race with the U.S. and China.

    yasmeeta
    November 2, 2023

    On Wednesday, the United Kingdom’s government announced a substantial investment of £225 million, equivalent to $273 million, in the development of an artificial intelligence supercomputer. This move underscores the nation’s commitment to establishing a leadership…

  • A 35-year-old CEO abandoned his ‘decent’ startup and went on to establish a $1.4 billion business.

    A 35-year-old CEO abandoned his ‘decent’ startup and went on to establish a $1.4 billion business.

    yasmeeta
    October 30, 2023

    In some instances, one must acknowledge that merely being “pretty good” doesn’t suffice. Just ask Spenser Skates and Curtis Liu. Today, these two MIT alumni are recognized as the co-founders of Amplitude, an analytics software…

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