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00:16 | OpenAI GPT-4o’s multi-modal AI changed the game
- GPT-4o release last Monday; capable of handling text, speech, and video (multi-modal)
- Best use cases; real-time translation, tutoring, Mac app
- Mac app is game-changer, Google Workspace with AI is a game-changer
- What will the world look like in 5 years after multi-modal AI?
- $97b secondary market valuation, +13% vs last round (Apr 2024)

15:52 | $20b IPO for Klarna!, is it an AI play?
- $20b IPO could come as early as Q1 2025
- 150m global customers, 40m US customers
- UK based holding company established, sign IPO is coming
- $10b secondary market valuation, +49% vs last round (Jul 2022)
- Investors could make a quick 100% return if entering in the secondary and $20b IPO plays out
- Affirm (close competitor) has 4.9x price to sales ratio, Klarna’s 2023 revenue is $2.17b implying a $10b valuation
- Could an AI valuation multiple be used to value Klarna? Or … is Klarna an AI play?

23:27 | $625m for Reka AI founders/employees in <2yrs, go get that $$$!!!
- Reka AI builds useful multimodal AI models for businesses
- $625m cash for Reka AI founders/employees
- Snowflake rumored to acquire Reka AI for $1.0b
- Reka AI investors; DST Global, Snowflake’s venture arm
- Reka AI founded in 2022, founders/employees still own 62.5% of company (my math) ... 22 people total
- $625m for Reka AI’s founders/employees if Snowflake deal goes through- current raise was $1b so I have to assume the current valuation is $4b+ post-money
- WE ARE ROOTING FOR REKA’S FOUNDERS AND EMPLOYEES! GET THIS DEAL DONE AND MAKE THAT MONEY!

E122: $625m for Reka AI founders/employees in <2yrs, $20b IPO for Klarna!, OpenAI GPT-4o’s multi-modal AI changed the game

This Week in Pre-IPO Stocks

E122: $625m for Reka AI founders/employees in <2yrs, $20b IPO for Klarna!, OpenAI GPT-4o’s multi-modal AI changed the game