Prof G Markets Raspberry Pi’s London IPO & Mistral’s $640M Funding Round
Jun 17, 2024
Discover why Raspberry Pi's London IPO could shake up the UK market in a big way. Dive into Mistral's staggering $640 million funding round and the debate over its hefty valuation. The hosts tackle the murky waters of AI-washing with healthcare firm Tempus AI. They also reflect on the balance between luxury brands and tech innovation in France, questioning the authenticity of AI claims and the sustainability of current market valuations. Join in for a mix of humor and serious insights into today's economic landscape!
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Inflation's Impact
- Inflation cooling down is positive, as it's historically more dangerous than invading armies.
- Revolutions can often be linked to declining living standards caused by inflation and lower productivity.
OpenAI's IPO Prep
- OpenAI is professionalizing, likely signaling a future IPO with the hiring of a CFO with street credibility.
- This CFO will manage the IPO process, potentially impacting OpenAI's market cap by billions.
OpenAI's Revenue Dominance
- OpenAI's annual recurring revenue is $3.5B, significantly outpacing competitors Anthropic ($100M) and Cohere ($22M).
- This rapid revenue growth, doubling in six months, suggests OpenAI's dominance in the AI sector.