Estonian Entrepreneurs: From a Million in Turnover to Talking with AI
The startup Bilt.me plans a turnover of one million euros by the end of the year, Tewox has issued 19 million euros in bonds, and Martin Sokk predicts voice communication with AI in offices.
The startup Bilt.me, one of whose co-founders is Kevin Akkermann, expects to reach a turnover of one million euros by the end of the year. Akkermann said this on the morning program of Äripäev radio. "Teeme roppu moodi tööd" — "we work like crazy," he briefly described the pace that the team considers necessary to achieve the goal.
In parallel, another notable story is unfolding in the Estonian startup scene. Anton Vedešin, an entrepreneur with a doctoral degree, who sold his company Vespia to Veriff at the beginning of the year, is developing a new business called Snoika. The project helps companies become more visible on artificial intelligence platforms — in other words, it addresses the task of brand visibility where a growing number of users seek information through AI services rather than traditional search engines.
Secular Discussion: How to Measure Weight and Why Talk to a Computer
The development of artificial intelligence is bringing a new problem to offices: the most effective way to work with AI is to communicate with it by voice. "Kõik räägivad kontoris peagi oma arvutiga valju häälega" — "soon everyone in the office will be talking loudly to their computers," said Martin Sokk, head of the Estonian startup Lightyear, who, according to the publication Personaliuudised, can with high probability be called one of the co-owners of Estonia's next billion-dollar company.
In a survey of opinion leaders conducted by Äripäev, Argo Luude expressed his view on regulation. "I personally do not believe that imposing a single measure on everyone would be right or would produce the best result," he wrote in response to the editorial team's question. The formulation referred to the discussion about uniform standards applicable to all market participants without taking into account their differences.
19 Million in Bonds: Retail Real Estate in Lithuania and Poland
Tewox, the investment arm of the asset management company Lords LB Asset Management, opened a 19-million-euro bond offering this week. The company's business is based on retail properties operating in Lithuania and Poland.
Tewox's head, Paulius Nevinskas, explains why retail parks are currently considered one of the most resilient segments of commercial real estate in European markets — primarily in Poland. According to him, ordinary investors should also pay attention to this segment, since retail real estate shows stable results even amid turbulence in other asset classes. Nevinskas also outlined the criteria that investors should consider when selecting properties in this segment.
Market Background
At the time of publication, the main exchange indices showed moderate movement. OMX Tallenn gained 1.47% to reach 2236.63 points, OMX Vilnius rose 0.58% to 1514.33 points, OMX Riga was up 0.61% at 962.23 points, and the composite OMX Baltic increased 0.89% to 320.81 points.
Western markets closed mostly in the red: the S&P 500 fell 0.77% to 7683.69 points, the Dow Jones Industrial Average dropped 0.67% to 51,481.51 points, and the Nasdaq slid 0.92% to 26,820.38 points. London's FTSE 100, on the contrary, added 0.54% to reach 10,742.93 points. Tokyo's Nikkei 225 lost 0.6%, falling to 65,481.27 points.
The currency market showed the following quotes: US dollar to euro — 0.88, pound sterling to euro — 1.17, euro to Russian ruble — 96.18.
Original: personaliuudised.ee
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