🔥 Hot Takes Tuesday for 2024-10-29
This edition features my thoughts on two intriguing tech valuations and their potential implications.
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Two hot takes on the two stories caught my eye on Tuesday.
💰 + 🤖 At a ~$40B 🤔 valuation, you have to wonder if something does not compute… or if the whole point is to amass compute for the customers that will come?
Techmeme: Sources: xAI is in talks with investors to raise several billion dollars in a funding round that would value it at around $40B; xAI was valued at $24B in May (Wall Street Journal)
From Wall Street Journal. View the full context on Techmeme.
💰 + 🤖 At a ~$4.5B 😮 valuation, it is useful to consider the founders’ backgrounds, recent problem spaces explored, and their uhm… actual customers.
Techmeme: Sierra, an AI startup co-founded by OpenAI board chairman and ex-Salesforce co-CEO Bret Taylor, raised $175M, valuing it at $4.5B, up from ~$1B in February 2024 (Reuters)
From Reuters. View the full context on Techmeme.
Note: Some images via Unsplash
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