Startup xAI's valuation hits $50 billion after new round

- The valuation of Elon Musk's startup is already $50 billion - The figure has more than doubled in a matter of months - The startup received $5 billion in its latest round of funding - One of xAI's investors is Qatar Investment Authority - Also: Valor Equity, Sequoia Capital and Andreessen Horowitz - In total, the startup has already received $11 billion since the start of 2024 - In the spring with a $6 billion round, xAI's valuation was $24 billion - Part of the funds will be used to buy 100,000 Nvidia chips - Recently, xAI reported that its ARR was already $100 million - The main product of the xAI startup is the chatbot Grok - The startup will introduce a new version of Grok by the end of 2024

Apple has started direct ad sales for the Apple News service for the first time

- Apple has begun selling ad formats for Apple News - The company has developed new units for the news service - Previously, Apple itself sold ads for search and the App Store - Inside Apple News, advertising was sold by the company's partners - Because of this, the income of publishers and Apple itself was limited - The company began to offer blocks within the feed, articles, etc. - A total of 17

Snowflake's quarterly results beat analysts' expectations

- Snowflake's revenue grew 28% to $942 million - Snowflake's net loss for the quarter amounted to $324 mln - At the same time, the net loss for the year increased by $110 million - Revenue from product sales generated 96% of all revenue - Snowflake has a strong focus on cost savings - Snowflake has no plans to downsize its employees - At the end of October, the number of customers was 10.6+ thousa

Startup xAI's valuation hits $50 billion after new round

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Apple has started direct ad sales for the Apple News service for the first time

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