Equity Equity Monday: The race to build tomorrow’s AI models, and signs of life in the crypto markets
Nov 6, 2023
The podcast kicks off with a lively discussion on the recent ups and downs of Asian stock markets and the surprising rally in cryptocurrency prices. Attention turns to the AI sector, spotlighting emerging unicorn O1.AI in China and Elon Musk's competitive innovations at X.AI. Meanwhile, significant shifts in tech are noted with layoffs at OpenSea and the Chinese government's hefty investments in chip firms. All this wraps up with fresh optimism from Indian venture funds amidst the bustling tech landscape.
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Episode notes
Market Overview
- Stocks are higher in Asia and slightly lower in Europe and the US.
- Cryptocurrencies, including Bitcoin and Ethereum, are seeing continued growth, with some, like XRP and Solana, showing substantial gains.
Cryptocurrency Rally
- Bitcoin and Ethereum show modest gains, while XRP and Solana experience double-digit growth.
- Even NFT trading volume is increasing slightly.
Peak 15 Partners' Success
- Peak 15 Partners, formerly Sequoia Capital India and Southeast Asia, has seen great success since separating from Sequoia.
- They achieved a 10x return on Mama Earth after the split and have made about a dozen deals since June.