AI talent managers, technocapitalist college towns, and a rise in defense tech acquisitions
Aug 23, 2024
Delve into the innovative world of AI talent management with a company aiming to revolutionize the sector. Explore the perplexing finance terms of a major deal and the intriguing concept of a 'technocapitalist college town.' Discover how AI is transforming research in pharmaceuticals and enhancing Formula 1 design with real-time simulations. Finally, the conversation wraps up with the rising activity in defense tech acquisitions, fueled by geopolitical shifts and market dynamics.
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insights INSIGHT
Content IP Platform Strategy
Content IP platforms rely on acquiring popular figures and valuable IP, not just technology.
Securing talent and IP is crucial for attracting users and driving platform adoption.
question_answer ANECDOTE
Story's Funding Round
Story, a company leveraging AI and blockchain for content IP management, raised $80 million.
Despite a $2.25 billion valuation, the platform lacks major players and proven success.
question_answer ANECDOTE
Bolt's Complex Funding
Bolt, a one-click checkout company, seeks a $450 million raise with a $14 billion valuation.
The deal involves marketing credits, the founder's return, and potential buyouts of existing investors.
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In this Friday’s episode of TechCrunch’s Equity podcast Mary Ann Azevedo, Devin Coldewey, and Equity's newest voice Margaux MacColl are here to discuss three major deals of the week. First up is the $80 million round for Story, which is trying to apply that ol' web3 magic to AI and talent management. Next, Mary Ann attempts to untangle the knotty, weird term sheet for Bolt: $450 million. But is that real money or "marketing credits"? And the Margaux explained Balaji Srinivasan's private island "technocapitalist college town" where "those with a fondness for the current world order need not apply."
Then the crew got into our two main themes. Devin talked about two AI companies that aren't just doing enterprise AI. Reliant AI is focused on researchers (especially in pharma) who need to analyze thousands of papers at once. And BeyondMath is working with Formula 1 companies to create a "digital wind tunnel" that does high-accuracy physics-based computational fluid dynamics simulations in near real time. When was the last time ChatGPT made a race car faster? Then Margaux wrapped us up with the increasing activity level in defense tech acquisitions.
Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Monday, Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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