Family couple saving money. Man and woman inserting cash into glass jar. Vector illustration for finance, deposit, economy, investment, banking, concept
In today's ExchangeWire news digest: China's Baichuan amasses USD£300m (~£246m) in funding; Amazon announces it will launch in South Africa next year; and X trials a paid-subscription model for users.
AI start-up Baichuan has raised USD$300m (~£246m) from investors including Alibaba, Tencent, and Xiaomi. The company was one of the first to receive China’s approval to release a chatbot to the public and, on Tuesday (17th October), launched the newest version of its generative AI model, Ernie 4.0.
Retail behemoth Amazon has announced it will take its operations to South Africa in 2024. In a press release, the company stated that the move will help independent sellers in the country to “rapidly launch, grow, and scale their businesses while leveraging the innovative capabilities provided by Amazon.”
Elon Musk’s X is reportedly testing a new paid subscription model for users. For a fee of USD$1 (~£0.82) a year, new website users of the platform will be able to share, like, or reply to posts. The model, which will be introduced to new users in the Philippines and New Zealand, is Musk’s latest attempt to eradicate bots on the site.
CTV Advertising Measurement and Attribution: Challenges and Solutions
The Revival of Contextual Advertising: Adapting to the Privacy-First Landscape
VIOOH Research Finds UK Advertisers Expected to Increase Programmatic DOOH Spend by a Third
Want to see your latest press releases featured on ExchangeWire? Email info@exchangewire.com to find out more about our PressBox service.
+USD$1bn – Baichuan's valuation, following its latest funding round.
Adform, the most powerful and safe media buying platform built for game changers, celebrates today…
Opti Digital, a premium ad revenue platform, unveils a new brand identity that embodies its…
In today’s Digest, Ireland pushes for Big Tech to vet financial ads, Warner Bros. Discovery…
We look at some of the key findings from this year’s All In Census (created…
This week, Google dominated headlines with bold moves across content, advertising, and AI, while lawmakers…
Intent IQ, a leading provider of identity resolution and data technology, today (May 8th, 2025)…