Tech News Today: Temu conquered, Elon Musk’s AI firm raises $6B, Altman’s UBI experiment, OpenAI’s 12 Days, Turn Google Sheets into apps with Glide.

Phong Yew Tong
2 min readDec 27, 2024

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  1. Temu conquered: 2024’s top shopping app.
    Temu’s meteoric rise in 2024, defying expectations and even inspiring an Amazon clone, shows its ultra-affordable goods and aggressive marketing have made it a global e-commerce force.
  2. xAI: Elon Musk’s AI firm raises $6B, valued at $45B.
    Elon Musk’s xAI snagged a massive $6 billion Series C funding round, boosting its valuation to $45 billion and fueling the development of its impressive new AI models and products.
  3. Altman’s UBI experiment: Hope or hype for AI job losses?
    A $60 million study exploring Universal Basic Income’s impact on AI-driven job losses reveals benefits like reduced stress and improved health. Still, it’s not a magic fix for unemployment, highlighting the complexity of the issue.
  4. OpenAI’s 12 Days: New AI Model o3 and Tools.
    OpenAI’s 12-day event unveiled impressive updates, including the powerful o3 reasoning model, new ChatGPT features like Sora video and advanced voice, developer tools, and expanded app integrations, plus a fun 1–800-CHATGPT hotline!
  5. Turn Google Sheets into easy phone apps with Glide.
    During the pandemic, a couple created a simple, shareable takeout app using Glide, a no-code tool, to easily browse and filter local restaurants, eliminating the need for multiple apps and improving their takeout experience.

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