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23 Jan 2025

AI Apps Drive Record-Breaking $150 Billion in Mobile Spending for 2024

Consumer spending on mobile apps hit $150 billion in 2024, with AI-powered apps seeing a 200% increase in revenue. The surge in AI app popularity is reshaping the mobile app landscape and user engagement patterns.

3 Sources

Nebius AI Studio Launches Cost-Effective Text-to-Image Models for Creative App Development

Nebius AI Studio introduces open-source text-to-image models, including Flux Schnell and Flux Dev, offering developers a flexible and affordable platform for AI-powered creative applications.

2 Sources

Persistent Systems Reports Strong Q3 FY25 Growth, Highlighting AI-Led Strategy

Persistent Systems announces impressive Q3 FY25 financial results, with 19.9% year-over-year revenue growth, emphasizing their success in AI-led services and platform-driven strategies.

2 Sources

Rocket Companies Launches AI-Powered Homeownership Platform Rocket.com

Rocket Companies introduces Rocket.com, an integrated platform leveraging AI to streamline the homeownership process, combining property search, financing, and management tools.

2 Sources

Saudi Aramco Partners with SandboxAQ for AI-Driven Innovation in Energy Sector

Saudi Aramco collaborates with Alphabet spinoff SandboxAQ to leverage AI and quantum techniques for optimizing oil and gas processing, aiming to increase product value and reduce carbon emissions.

2 Sources

China Unveils First Humanoid Robot Training Base in Shanghai, Aiming to Train 1,000 Robots by 2027

China launches its first heterogeneous humanoid robot training center in Shanghai, capable of training over 100 robots simultaneously. The facility aims to advance robotics technology and plans to scale up to 1,000 robots by 2027.

2 Sources

Cainam Ventures Launches AI-Powered Trading Platform for Digital Assets

Cainam Ventures introduces a revolutionary AI-driven trading platform for digital assets, leveraging artificial intelligence and large language models to optimize portfolio management and trade execution.

2 Sources

Employee Trust: The Key to Successful AI Adoption in Companies

A study reveals that employee trust in AI, both cognitive and emotional, significantly impacts its performance and adoption in companies. Despite heavy investments, 80% of firms fail to benefit from AI due to human factors rather than technological limitations.

4 Sources

Doti AI Secures $7M Seed Funding to Revolutionize Enterprise Data Search with AI

Doti AI, a startup offering an AI-powered search platform for enterprises, has raised $7 million in seed funding to enhance its capabilities and accelerate adoption. The platform aims to unify data across various work applications, improving workflow efficiency and decision-making.

3 Sources

Postman Launches AI Agent Builder, Bridging API Ecosystem with Generative AI

Postman, a leading API development platform, introduces an AI Agent Builder tool, leveraging its vast API network to simplify the creation and deployment of AI-powered applications.

2 Sources

AI's Potential in Healthcare Boosts Moderna Stock Amid $500 Billion AI Infrastructure Investment

Moderna's stock surges following Oracle Chairman Larry Ellison's remarks on AI's transformative potential in healthcare, coinciding with a $500 billion private sector investment in AI infrastructure announced by President Trump.

2 Sources

85% of Executives Unprepared for Responsible AI Implementation, HCLTech-MIT Study Reveals

A recent study by HCLTech and MIT Technology Review Insights highlights a significant gap between recognizing the importance of responsible AI and the ability to implement it effectively in businesses.

3 Sources

Databricks Secures $15.3 Billion in Financing, Valuation Soars to $62 Billion

Databricks, a leading data and AI company, has closed a massive $15.3 billion financing round, including $10 billion in equity and $5.25 billion in debt. The funding values the company at $62 billion and includes Meta as a new strategic investor.

10 Sources

AI Data Center Boom Propels Siemens Energy and Hochtief Stocks Amid Massive Investment Plans

Siemens Energy and Hochtief stocks surge as AI-driven data center expansion plans, including OpenAI's $500 billion investment and Trump's $100 billion 'Stargate' project, fuel market optimism.

2 Sources

Trump's $500 Billion 'Stargate' AI Project Sparks Market Rally and Tech Stock Surge

President Trump's announcement of a $500 billion AI initiative called 'Stargate' has led to a surge in tech stocks and positive market sentiment, with Oracle, Netflix, and Nvidia among the top performers.

2 Sources

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