Tag: investment
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The significance of OpenAI’s $6.6B investment round
OpenAI’s unprecedented $6.6 billion investment raise suggests they demonstrated something remarkable to investors, though not necessarily just raw intelligence gains. Whether it’s improved safety, efficiency, or multimodal capabilities, this massive vote of confidence hints at breakthroughs we haven’t yet seen publicly—developments that could reshape AI’s integration into society.
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Inside the Chinese lab that plans to rewire the world with AI
in AILast year on “Singles Day,” a shopping event on November 11 that Alibaba invented, the company sold more than $25 billion worth of merchandise. By contrast, on last year’s Cyber Monday (November 27), the biggest online shopping day in the US, all retailers combined brought in $6.59 billion. Alibaba is already using AI and machine…