Hot Takes Tuesday
Off the cuff analysis in a rapid fire format.
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Hot Takes Tuesday
Off the cuff analysis in a rapid fire format.
A few things that caught my attention today.
Funds, Funding, and M&A
- Cisco now has an AI investment fund - 🤔 Perhaps the question will eventually be what companies will not have an AI investment fund.
- Pika raised $80M - 🙂 Fun fact: The service powering this newsletter, Buttondown, immensely lowered operating costs by using Pika.
- Storyblok raised an $80M - 🔮 As I’ve said before, MACH architectures will likely be a winning pattern.
- Sword Health raised $130M - 👴 As I get older the notion of AI helping with physical therapy is a bit more interesting.
- Cohere raised $450M - 🌶️ I prompted Coral (Cohere): In under 10 words, summarize what Cohere does. Answer: Cohere builds large language models.
- Databricks to buy Tabular for $1B+ - 🧊 Apache Iceberg power move and an indication of what is likely to be an absolutely massive M&A season for 2024 (if you aren’t under increased FTC scrutiny i.e. Google, Meta, Microsoft, etc.).
- Apollo Global invests $1100M in Intel’s Fab 34 - 🍪 49% stake is a curious amount by any measure.
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