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Daily Tech News: Shein, Julo, OpenAI, SpaceX, Patsnap, GoTo
Here are the top stories on Tehczi
Shein Looks to Monetize Its Supply-Chain Technology, but Experts See Challenges Ahead
Shein plans to sell its successful supply-chain tech to other brands and retailers.
The move could boost revenues but faces challenges in attracting brands.
Shein must navigate reputational concerns to expand its reach and compete with global retailers.
AI Models Are Commoditized…. But There Are Still Massive Opportunities to Make Money
Guest Author: Richard “Richieee“ Armstrong
AI models are now widely available, but companies can still differentiate through proprietary data and user experience.
The application and integration of AI in specific industries and use cases presents significant business opportunities.
There are still ways for companies to innovate and create value.
SpaceX’s Starship Soars Closer to Full Reusability
SpaceX’s Starship rocket completed a groundbreaking test flight.
The launch was successful despite minor setbacks with the engines and heat shield tiles.
Elon Musk acknowledged the heat shield system remains the biggest challenge.
Patsnap’s $7 Million Bet on AI: A Tech Newsletter Exclusive
Patsnap invests $7 million to develop its own AI assistant, Hiro, to streamline IP workflows.
Homegrown LLM gives Patsnap an edge over competitors.
Investment raises sustainability concerns, but Patsnap hopes Hiro will boost customer experience.
The AI Hype Machine: Personality Hires Fuel the Frenzy
Personality hires fuel the AI hype machine.
Sam Altman, Leopold Aschenbrenner, and Humane’s AI Pin exemplify this trend.
While hype can be useful, approach AI with a critical eye.
GoTo’s Stock Plummets to New Low Despite Positive Q1 Results
GoTo’s stock hit a new low despite strong Q1 growth and a $200M buyback plan.
Experts suggest underlying challenges may be at play, even as analysts remain optimistic.
The company’s performance is seen as a barometer for Indonesia’s tech-driven economic pulse.
BNB Soars as Binance Co-Founder Begins Prison Term
BNB hit a record high as Binance co-founder Changpeng Zhao began his prison term.
Zhao’s net worth, mostly comprising BNB, grew to $38.5B.
Strong trading activity and Binance’s dominance in BNB trading.
SIDGS Invests $20M in Philippines’ Digital Future
SIDGS invests $20M in the Philippines.
The company helps businesses digitalize, serving clients like Singtel, AWS, and Lululemon.
SIDGS will set up facilities and implement certification programs.
Julo’s Neobanking Ambitions: Empowering Indonesia’s Middle Market
Julo, an Indonesian lending giant, is evolving into a neobank.
The company’s loans grew 87% YoY in Q1 2024.
Julo aims for full profitability by year-end, focusing on responsible and inclusive financial services.
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