The Prof G Pod with Scott Galloway Prof G Markets: Raspberry Pi’s London IPO & Mistral’s $640M Funding Round
23 snips
Jun 17, 2024 Explore the implications of Raspberry Pi's IPO on the London Stock Exchange and its impact on the UK tech market. Delve into Mistral's significant $640 million funding round, raising questions about its valuation and the AI landscape. Discover a lighthearted take on luxury travels while analyzing recent corporate shifts and investor narratives. Finally, examine the risks of 'AI washing' in branding and how collaboration is key to advancing tech innovation in Europe.
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Inflation's Impact
- Inflation cooling down is positive, as it can lead to social unrest.
- The core rate of inflation dropped to its lowest since April 2021.
Legacy Tech and AI
- Oracle and Dell successfully transitioned to AI, unlike IBM and Cisco.
- Oracle's stock surged due to new AI deals and strong revenue guidance.
Wall Street's AI Obsession
- Wall Street prioritizes AI narratives over financial performance.
- Oracle's stock surged despite poor earnings, highlighting the market's focus on AI.