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Stephanie Turner
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7 months ago
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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
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Stephanie Turner
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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
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Stephanie Turner
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7 months ago
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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
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