Raspberry Pi’s London IPO & Mistral’s $640M Funding Round
Jun 17, 2024
45:44
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Discussing Raspberry Pi's London IPO and Mistral's $640M funding round, the hosts analyze the impact on the UK market. They also explore the valuation of Mistral and question if Tempus AI is engaging in AI-washing. From European luxury brands to tech startups, the podcast covers a wide range of topics in the tech and AI sectors.
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Quick takeaways
Raspberry Pi's London IPO challenges perceptions of tech IPO markets, highlighting the potential of the London Stock Exchange.
Mistral's $640M funding round solidifies its position in the competitive AI landscape, with major investors reinforcing its rapid rise.
Deep dives
Fundrise Innovation Fund Democratizes Venture Capital Investing
The Fundrise Innovation Fund aims to democratize venture capital by providing individual investors access to a $100 million portfolio of tech companies. With a focus on including investors beyond traditional insiders, the Fundrise Innovation Fund offers the opportunity to invest in pre-IPO tech giants, previously restricted to a select few.
London Stock Exchange Boosted by Rosbury Pi's IPO
Rosbury Pi's IPO provided a positive boost to the London Stock Exchange, highlighting a successful entry of a low-cost computer company valued at $700 million. This unexpected entrant showcased the London stock exchange as an attractive option for tech IPOs, challenging perceptions and potentially influencing the broader IPO market in London.
Mistral's Remarkable Growth and Funding in AI
French AI startup Mistral secured $640 million in funding, tripling its valuation in just 14 months. Led by major investors like General Catalyst and supported by tech giants NVIDIA and Salesforce, Mistral's rapid rise signifies a significant contender in the competitive AI landscape, positioning itself alongside industry juggernauts like OpenAI.
Tempest AI's IPO and AI Washing Concerns
Tempest AI's upcoming IPO raises concerns of AI washing, as the company rebrands with a focus on AI while AI contributes less than 2% of its revenue. This IPO serves as a potential bellwether for the current AI hype cycle, indicating the level of frothiness in the market and spotlighting the importance of distinguishing genuine AI innovation from sensationalized AI incorporation.
Scott shares his thoughts on why Raspberry Pi chose to list on the London Stock Exchange and what its debut means for the UK market. Then Scott and Ed break down Mistral’s new funding round and discuss whether its valuation is deserved. They also take a look at the healthcare tech firm, Tempus AI, and consider if the company is participating in AI-washing.