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Chinese social media platform RedNote, also known as Xiaohongshu, has launched its first open-source large language model, dots.llm1, featuring a mixture-of-experts system with 142 billion parameters. The model, developed by the Humane Intelligence Lab, excels in Chinese language understanding and aims to reduce training costs while enhancing transparency and trust in AI development. With 300 million monthly active users and a valuation of approximately US$26 billion, RedNote is positioning itself competitively in the evolving landscape of open-source AI.
New-age tech stocks have experienced a significant surge, with their market capitalization increasing by $5 billion. This growth reflects the ongoing investor interest and confidence in the technology sector, highlighting its resilience and potential for future expansion.
CG Power's plans for chip production have been significantly impacted by disruptions at Wolfspeed, a key wafer supplier. This turmoil raises concerns about the future of CG Power's chip initiatives and their ability to navigate the challenges posed by the semiconductor supply chain.
Unitree Robotics, a Chinese humanoid robot manufacturer, is preparing for a fundraising round that could value the company between 10 billion yuan and 15 billion yuan (US$1.4 billion to US$2.1 billion). This follows its transition to a joint stock limited firm, enabling share issuance to support expansion.The move aligns with a broader industry shift towards mass production, with six Chinese humanoid robot manufacturers aiming to produce over 1,000 units by 2025. The domestic humanoid robot sector's output value is projected to reach US$616 million this year, reflecting significant market growth potential.
Progressio's initiative, 1 Million Minds, aims to transform Egypt's economy by fostering inventors and enhancing the innovation supply chain. By focusing on long-term support for inventors rather than entrepreneurs, the movement seeks to embed R&D and intellectual property into Egypt's cultural and economic framework. Complemented by the upcoming National Center for Technology Commercialization, this effort aspires to create a robust environment for invention, ultimately driving significant economic growth.
PhonePe, preparing for its IPO, has announced the launch of UPI payment services for feature phones. This move aims to expand digital payment accessibility in India, catering to a broader audience and enhancing financial inclusion.
The chief technology officer of a prominent Indian cryptocurrency company is set to resign in June 2025. This leadership change marks a significant shift for the firm as it navigates the evolving landscape of the digital currency market.
Self-driving startup Plus is set to go public through a $1.2 billion deal with a special purpose acquisition company (SPAC). This move marks a significant step for the company as it aims to expand its presence in the autonomous vehicle market.
Qualcomm's CEO outlines the company's strategic direction following its separation from Apple, emphasizing innovation and diversification in its product offerings. The focus will be on expanding partnerships and enhancing technology to maintain a competitive edge in the semiconductor industry.
Nvidia has reached a remarkable $1 trillion market valuation, igniting enthusiasm among traders to increase their investments. This significant rally reflects growing confidence in the tech giant's potential and the broader market's response to its performance.
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RedNote launches open-source language model enhancing Chinese AI capabilities
09:50 09.06.2025
new-age tech stocks see market capitalization increase by five billion dollars
06:39 08.06.2025
turmoil at wolfspeed disrupts cg power's chip development plans
12:52 07.06.2025
Chinese robotics firm Unitree seeks up to 2.1 billion dollars in funding
07:29 07.06.2025
progressio launches initiative to transform egypt's economy through invention
02:00 07.06.2025
PhonePe introduces UPI payments for feature phone users ahead of IPO
09:09 06.06.2025
Indian crypto giant's technology chief announces resignation effective June 2025
05:46 06.06.2025
self-driving startup plus announces plans to go public via spac deal
15:58 05.06.2025
qualcomm ceo outlines vision for company beyond apple partnership
23:33 04.06.2025
Nvidia's trillion dollar surge ignites renewed trading enthusiasm among investors
04:55 04.06.2025
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