Equity Equity Monday: AI can do everything, but can crypto do something?
May 30, 2023
The recent U.S. debt ceiling resolution has sparked joy in global stock markets, but the crypto world remains stagnant amid low trading volumes. Byju's valuation mystery continues, while Serve Robotics thrives through a partnership with Uber Eats. The discussion turns to SPACs, revealing a troubling contrast between executive profits and retail investor losses. Autonomous delivery robots are emerging in college towns, hinting at a future where self-driving tech reshapes ride-hailing. It's a whirlwind start to the week!
AI Snips
Chapters
Transcript
Episode notes
Crypto Winter vs. AI Boom
- Crypto trading volume has fallen to record lows, hindering price increases.
- The excitement around AI contrasts with the stagnant crypto market.
Byju's Valuation Woes
- BlackRock continues to lower Byju's valuation, now at $8.4 billion.
- This highlights the challenges of private companies facing price adjustments.
Robotics and Autonomous Deliveries
- Serve Robotics, an Uber spin-out, will deploy 2,000 delivery robots with Uber Eats.
- Uber also partners with Waymo for self-driving cars in Phoenix.