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PsiQuantum Secures $750M in Funding; Alibaba Restarts Hiring, Predicts US AI Bubble

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Key Takeaways

  • PsiQuantum is raising $750M at a $6B valuation for quantum computing, aiming for a useful computer by 2029.
  • Alibaba restarts hiring, sees an AI bubble in the US, and will invest $52B in AI infrastructure.
  • India plans to scrap a 6% digital services tax affecting Google, Meta, and Amazon.
  • Xiaomi raised $5.5B in a share sale as EV plans ramp up.
  • China narrows AI gap with US to three months, due to efficient chip and algorithm use.

Industry Insights

PsiQuantum: Raising $750M at $6B valuation for quantum computing.

On 2025-03-24, quantum computing startup PsiQuantum is raising at least $750 million in funding at a $6 billion pre-money valuation, led by BlackRock. The company aims to have a useful quantum computer by 2029 or sooner.

Alibaba restarts hiring, sees AI bubble in US.

On 2025-03-25, Alibaba announced it would restart hiring and sees signs of the start of an AI bubble in the US. Alibaba plans to invest at least 380 billion yuan ($52 billion) in its cloud computing and AI infrastructure over the next three years.

India proposes to scrap 6% digital services levy.

Published on 2025-03-25, reports indicate India plans to scrap a 6% tax on digital advertisements affecting U.S. tech giants like Google, Meta, and Amazon to ease U.S. concerns and advance a trade pact.

Samsung Electronics co-CEO Han Jong-hee passed away.

On 2025-03-25, Samsung Electronics co-CEO Han Jong-hee passed away, leading to a new appointee taking charge.

OpenAI COO to lead global growth push.

On 2025-03-24, it was reported that OpenAI COO will lead global growth push in expanded role, according to Altman.

11x: Claiming customers it doesn’t have.

EU lawmakers urge action on Chips Act 2.0.

On 2025-03-24, European lawmakers urged Commission to move quickly on Chips Act 2.0.

Financial Moves

Xiaomi raises $5.5B in share sale for EV plans.

On 2025-03-24, it was reported that China's Xiaomi raised $5.5 billion in a share sale as EV plans ramped up.

FuriosaAI: Reportedly turns down $800M Meta offer.

Dropbox faces activist investor pressure.

On 2025-03-24, WSJ reported that Dropbox faces pressure from activist investor to end co-founder's control.

AI Frontier

China narrows AI gap with US to three months.

Lee Kai-fu, CEO of Chinese startup 01.AI, stated on 2025-03-25 that China has reduced its AI development gap with the United States to three months in certain areas, due to companies like DeepSeek finding more efficient ways to use chips and algorithms.

New AGI test stumps most AI models.

Chinese tech giant slashes AI costs using Chinese chips.

Google's chatbot revolution: Late nights, layoffs, guardrails lowered.

Arcade: AI creation platform expands to home goods.

Cybersecurity Watch

New attacks on encryption are heating up.

A new era of attacks on encryption is starting to heat up. The UK, France, Sweden, and the EU have launched new attacks on end-to-end encryption, described by experts as more "crude" than previous attempts.

Musk claims X cyberattack from Ukraine; experts dispute.

On 2025-03-24, Elon Musk attributed a disruption of X to a "massive cyberattack" from Ukraine-based IP addresses; security experts dispute this claim.

StubHub vulnerability exploited for Taylor Swift tickets.

Reported cybercriminals allegedly exploited a StubHub vulnerability to steal Taylor Swift concert tickets, alongside other cybercrime news.

Gadget Central

Apple AirPods Max: Lossless, low-latency audio update coming.

On 2025-03-24, it was reported that Apple is updating AirPods Max with lossless and ultra-low latency audio. However, the new features may not be available in wireless mode.

Fujifilm GFX100RF: New medium-format camera offers flexibility, 102MP sensor.

On 2025-03-22, Fujifilm released the GFX100RF, a medium-format camera, priced at $4,900. It features a 102MP sensor, an aspect ratio dial for nine framing options, and four digital zoom modes, but lacks in-body image stabilization and has a slower f/4 aperture.

Nothing Phone 3a: Potential to rise, AI-powered app praised.

A review of Nothing Phone 3a and 3a Pro was published on 2025-03-24, highlighting its potential but noting a limited warranty. Nothing's Essential Spaces, an AI-powered app, is praised for its user-friendly AI features, integrated with the Phone 3a's Essential Key.

Amazon Spring Sale: Tech deals on Apple, Sony, Bose, more.

Amazon Spring Sale 2025, reported on 2025-03-24, features deals on tech products from Apple, Bose, Sonos, and Anker, starting next week. The Sony WH-1000XM5 headphones are at a record-low price for the sale.

Software Spotlight

ChatGPT 3.5: Being first doesn't mean being best.

Dall-E 3: Generative AI tool for fun illustrations.

Microsoft Copilot: Bing is now the default search.

Microsoft Copilot Chatbot is reviewed, with the assessment that Bing is now the default search engine.

Microsoft testing AI Chatbot for Xbox.

OpenAI: Improved ChatGPT Advanced Voice Mode released.

On 2025-03-25, OpenAI announced updates to its Advanced Voice Mode in ChatGPT, making the AI assistant more personable. Free users now have access to a version that allows pausing without interruption, while paying users will experience fewer interruptions and an improved personality.

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