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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.
Alibaba restarts hiring, sees AI bubble in US.
India proposes to scrap 6% digital services levy.
Samsung Electronics co-CEO Han Jong-hee passed away.
OpenAI COO to lead global growth push.
Financial Moves
Xiaomi raises $5.5B in share sale for EV plans.
AI Frontier
China narrows AI gap with US to three months.
Cybersecurity Watch
New attacks on encryption are heating up.
Musk claims X cyberattack from Ukraine; experts dispute.
Gadget Central
Apple AirPods Max: Lossless, low-latency audio update coming.
Fujifilm GFX100RF: New medium-format camera offers flexibility, 102MP sensor.
Nothing Phone 3a: Potential to rise, AI-powered app praised.
Software Spotlight
Microsoft Copilot: Bing is now the default search.
OpenAI: Improved ChatGPT Advanced Voice Mode released.
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