E117: CoreWeave’s $19b valuation, +171% in 5 months; X Payments approved in 25 or 50 states; OpenAI cuts data deal with Financial Times; Anthropic launches mobile app

Send us Fan Mail00:07 | X Payments approved in 25 or 50 states- X Payments functionality; pay a friend, pay a merchant, earn interest, shop, buy content- X = YouTube, WhatsApp, Venmo, Amazon, NYT/CNN, Apple App Store … all in one app- X needs “X Apps” to become everything app like WeChat in China- $12.5b current valuation (Fidelity), -71% from Musk’s Oct 2022 $44b purchase price02:42 | OpenAI cuts data deal with Financial Times- OpenAI to use FT data to train models, users to access FT summaries, quotes, and links- FT to use OpenAI for AI-focused journalism tools- $98.7b secondary market valuation, +14.8% from Apr 2024 primary round03:53 | CoreWeave’s $19b valuation, +171% in 5 months- AI-focused cloud provider- $1.1b raised at $19b post-money valuation- +171% from last round in Dec 2023, just 5 months ago- Use of proceeds = increase data center infrastructure, expand to Europe- Coatue led w/ Altimeter, Nvidia, Fidelity participating05:08 | Anthropic launches mobile app- iPhone app for Claude chatbot- new subscription plan; $30/month/user for increased chatbot usage + new collaboration tools- $18.4b valuation, +2.3% from Jan 2024 primary round06:14 | Pre-IPO +0.16% for week, +25.87% for last 1yr- Week winners: Neuralink +4.5%, Ramp +4.4%, Rippling +3.2%, Chainalysis +3.2%, Groq +2.5%- Week losers: ConsenSys -8.8%, OpenAI -3.3%, Anthropic -1.9%, Chime -1.2%, eToro -1.0%- Top valuations: ByteDance $293b, SpaceX $189b, OpenAI $99b, Stripe $74b, Databricks $43b06:58 | +0.17% 2024 Pre-IPO Stock Vintage Index- www.agdillon.com/index to see all 20 Pre-IPO Stock Vintage Indexes- 2024 Vintage Index top contributors since inception: Rippling +73%, Stripe +58%, Klarna +34%, Revolut +34%, Anduril +30%- 2024 Vintage Index top detractors since inception: None. All 10 constituents are in positive territory. - Looking at all 20 vintages … here are the winners and losers for the week; …winners = Rippling +3.2%, SpaceX +1.6%, Databricks +1.5% and…losers = Automation Anywhere -20.9%, OpenAI -3.3%, Tanium -2.2%- Rippling is in 2024 Vintage Index; 14% weight, +73% from index inception, +1.4% from last primary round