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

Send us Fan Mail00:16 | 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 &lt;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!