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Chinese EV Startup Xpeng set for $4 Billion valuation amidst targeted $600 million raise

image credit : Xpeng

Chinese electric car startup Xpeng Motors is set to reach a $4 Billion valuation even before it begins official sales of its vehicles with Bloomberg reporting of the 4 year old startup's aim to raise $600 million this month from the likes of Alibaba, Foxconn and Xiaomi CEO Lei Jun in the hot EV market even after it's raised just over $700 million since its inception from a roster of major technology investors.

Xpeng's backers include the likes of IDG Capital, Morningside, Shunwei Capital, YF Capital, Lightspeed, GGV Capital and aslo Alibaba who is earmarked to also invest in this aimed round.

With the EV market being very hot in the Chinese and global region, Several EV startups and also major automakers have already churned out several electric vehicles for consumers with Xpeng now gearing to take on the likes of Nio, Tesla, BYD, Geely and other automobile manufacturers in the Chinese market.





image credit : Xpeng

Xpeng has already dished out 400 of its…

Fidelity Labs and Amazon create a VR financial assistant "Cora"



Amazon, The company which just released its Sumerian VR developer tools fully to the public had to showcase to everyone what could be made of its platform or supposedly "what its platform was made of" and it did just that with the debut of a VR digital financial advisor in collaboration with Fidelity Investments which let people interact with their investments and financial tasks in 3D.

The VR financial advisor is named Cora and combines a voice-commanded bot along with exploration of investment aims in a very unique way for its users.

Cora listens to requests from its users for information on the stock performance and financial statistics of different companies and then outputs the resulting information as financial graphs as charts to the user in an immersive form.


This not only gets the user huge loads of information at an easy pace, Its immersive experience and data presentation through the use of visual charts also increases the learning and information gathering experience for the users.






Cora would also responds to requests by voice writing off the need for physical controllers by the users of the app which makes it much more comfortable, This happens to be another example of industries innovating rapidly to keep up with the ongoing swift changes in technology currently occurring by each day.

 Current traditional methods of everyday life continues be disrupted entirely by both current and forthcoming innovations which rapidly makes life more easy to everyone.

Fidelity Labs, The arm of the behemoth investment company responsible for the creation of this very useful and awesome piece of software will continue to test the app with its customers go garner more feedback and will eventually bring a wider release to the public anytime from now, This app isn't readily available to everyone right now but still comes as a very perfect example of the efficient use of Virtual Reality technology apart from entertainment purposes which currently make up the main part of its market.


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