Former Tesla engineer’s AI startup raised $33 million, Merlion could buy appliance maker Kuppersberg, Telegram showed “positive cash flow” in the first quarter of the year, and other events on April 11.

Day One Ventures invested in AI startup Symbolica, Telegram showed positive cash flow – the main thing on April 11

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Investments

  • AI startup Symbolica has raised $33 million from Khosla Ventures, Abstract Ventures, Buckley Ventures, Day One Ventures and General Catalyst.

Business

  • The electronics distributor Merlion could buy the appliance manufacturer Kuppersberg. The transaction amount could reach 5 billion rubles.
  • Telegram showed “positive cash flow” in the first quarter of 2024. Messenger is used monthly by 900 million people, half of them log into the application every day.
  • The Ministry of Finance proposed increasing the minimum retail prices for vodka, brandy and cognac. Indexation is associated with the level of inflation, an increase in excise tax rates on alcohol and an increase in the cost of its production, Interfax writes.

Services and technologies

  • 65% of IT professionals use artificial intelligence to improve their developments: 39% access the system infrequently, 20% periodically and only 6% regularly, according to a study by the online programming school Hexlet.

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Team RB

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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