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Pre-IPO Stock Market Update - May 19, 2023 | Anthropic raises $50m, OpenAI launched iOS app, Meta + Magic Leap partnership, Flexport adds Uber trucking expert, Waymo + Uber partner, Starlink has 1.5m subscribers, Goldman invests in Go, Turo releases 2022 financials, Panera IPO, Revolut receives Brazil bank license

00:35 | Anthropic raises $450m
Anthropic, an AI research firm, secures $450 million funding led by Baillie Gifford and Insight Partners.
Founded by ex-OpenAI researchers, Anthropic aims to develop controllable AI systems aligned with human values.
The funding will fuel research expansion, talent acquisition, and emphasize safety and ethics in AI model development.

01:06 | OpenAI launched iOS app
- OpenAI releases a ChatGPT app for Apple iOS, enhancing mobile accessibility to their language model.
- The app enables interactive conversations with an AI assistant, incorporating safety features based on past experiences.
- Users can upgrade to the ChatGPT subscription service, granting internet access, potentially driving significant revenue for OpenAI.

01:54 | Meta + Magic Leap partnership
- Meta engages in discussions with Magic Leap, a prominent AR company, for a potential AR partnership or acquisition.
- The talks indicate Meta's intent to expand its presence in the AR space after its rebranding and metaverse-focused strategy.
- Collaboration with Magic Leap could lead to advancements in AR experiences and applications, leveraging Magic Leap's advanced hardware and software solutions.

02:45 | Flexport adds Uber trucking expert
- Flexport recruits former Uber Freight director, Bill Driegert, to head its new truck brokerage division.
- The hiring emphasizes Flexport's strategic focus on expanding trucking services and strengthening its logistics capabilities.
- By leveraging Driegert's expertise, Flexport aims to enhance its position as a comprehensive logistics provider, embracing the convergence of traditional freight and digital technology.

03:40 | Waymo + Uber partner
- Waymo and Uber partner to integrate Waymo's self-driving technology into Uber's ride-hailing platform.
- The collaboration aims to enhance safety and efficiency by utilizing Waymo's advanced autonomous driving systems.
- Waymo's autonomous vehicles will be available on the Uber app, starting in Phoenix, Arizona, with future expansion to other cities, accelerating the adoption of self-driving vehicles.

04:23 | Starlink has 1.5m subscribers
- Starlink, SpaceX's satellite internet service, surpasses 1.5 million orders for its high-speed internet service.
- The significant growth in subscribers reflects the rising demand for reliable internet, especially in underserved rural areas.
- Starlink's innovative satellite constellation approach enables internet access in previously unreachable regions, with an estimated annual recurring revenue of nearly $2.0 billion at $110 per month.

05:42 | Goldman invests in Go
- Goldman Sachs leads a funding round for Go, a Japanese taxi-hailing app, valuing the company at $1 billion.
- Go's comprehensive platform, integrating taxi services and payment solutions, has gained traction in over 50 Japanese cities.
- The investment will support Go's expansion, technology enhancements, and market penetration, highlighting confidence in its disruptive business model and convenient services.

06:31 | Turo releases 2022 financials
- Turo, a car-sharing platform, reveals 70% revenue growth in 2022, reaching $700 million.
- The company narrows its net loss significantly, indicating improved financial performance.
- Turo's success is driven by increased demand, market expansion, and its unique peer-to-peer car-sharing model, positioning it attractively

This Week in Pre-IPO Stocks - Market Update - May 19, 2023 - E46

This Week in Pre-IPO Stocks