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Mon. 09/11 – ChatGPT Is Thirsty

Sep 11, 2023
ChatGPT, an AI tech user, discusses the water usage of ChatGPT. Other topics include the Instacart IPO, Meta's plan for a new AI system, Roblox's AI chatbot, and Apple's efforts to develop their own modem.
16:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Instacart plans to raise up to $660 million in its IPO at a valuation of $7.73 billion, a significant drop from its previous valuation of $39 billion.
  • Meta, previously Facebook, is developing a new large language model (LLM) trained on its own user-generated content.

Deep dives

Instacart IPO valuation takes a significant haircut

Instacart plans to raise up to $660 million in its IPO at a valuation of $7.73 billion, a significant drop from its previous valuation of $39 billion. Cornerstone investors have agreed to buy up to $400 million worth of shares in the offering, potentially recouping some of the loss by hoping shares appreciate in the capital markets.

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