LIQUIDITY: Major challenger to OpenAI, xAI, closing on $6B in funding | E1944
This Week in Startups
Navigating Competition in AI: Proprietary vs Open Source Strategies
This chapter explores the evolving competition in the AI technology sector, highlighting a key player's entry into a challenging market. It discusses the balance between proprietary data advantages and the rise of open-source platforms in corporate America.
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Todays show:
David Weisburd hosts Joshua Berkowitz, Donald Stalter and Jason Calacanis to discuss xAI closed on $6B (5:02), PitchBook's report on Emerging Managers (17:32), SVB’s venture portfolio situation (44:18), and much more!
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Liquidity Timestamps:
(0:00) David Weisburd intros Joshua Berkowitz, Donald Stalter and Jason Calacanis
(5:02) xAI raises $6B in funding
(9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(13:16) Sequoia leading a $6B round for AI
(17:32) PitchBook's report on Emerging Managers
(20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(28:18) The impact of the surge of venture capital in 2021 and its implications for the ecosystem
(30:41) Attio - Head to https://attio.com/twist to get 15% off for your first year.
(34:42) The impact of a positive investor attitude on founders
(44:18) The Silicon Valley Bank (SVB) venture portfolio situation
(49:33) Lightning round of last 3 investments
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Thank you to our partners:
(9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(30:41) Attio - Head to https://attio.com/twist to get 15% off for your first year.
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Mentioned on show:
https://www.axios.com/2024/05/03/svb-venture-capital-arm
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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