E146: Safe Superintelligence raises $1B for new AI LLM; OpenAI hits 200M weekly active users for ChatGPT; Salesforce acquires Own company for $1.9B; ByteDance raises $600M for Dongchedi, valued at $3B; Anthropic’s Claude AI powers new Amazon Alexa; xAI’s

Send us Fan MailPRE-IPO STOCK FUNDS CLOSING TO NEW INVESTORS ON SEP 13 (NEXT FRIDAY)AG Dillon has seven (7) pre-IPO stock funds closing on Friday, Sep 13. Next Friday. See fund list at www.agdillon.com/product (page 3). Available for purchase at Schwab, Fidelity, or directly at AG Dillon. Email [email protected] to investSubscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe;- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets- Saturdays = pre-IPO news and insights, webinar replays00:07 | Safe Superintelligence Raises $1B for new AI LLM- AI venture focused on creating safe AI models- Co-founded by Ilya Sutskever, Daniel Gross, and Daniel Levy- Raised $1B in May 2024 from investors like Andreessen Horowitz and Sequoia Capital- Offices in Palo Alto and Tel Aviv- For-profit entity addressing AI safety00:43 | OpenAI Hits 200M Weekly Active Users for ChatGPT- AI large language model business- ChatGPT now has 200M weekly active users, doubling since Nov 2023- 1M paid corporate users, up from 600K in April 2024- Expected to generate $2B annually from $20/month premium subscriptions- 50% of corporate users are in the U.S.; strong presence in Germany, Japan, U.K.- Secondary market valuation: $103.8B (+20.7% vs Apr 2024 round)01:33 | Salesforce Acquires Own Company for $1.9B- Data management firm specializing in data backup and recovery- Acquired by Salesforce for $1.9B in cash- Previously valued at $3.35B in Aug 2021- 7,000 customers; raised $507.3M from Tiger Global and Salesforce Ventures- Global data backup market valued at $12.9B in 2023, growing at a 10.9% CAGR02:14 | ByteDance Raises $600M for Dongchedi, Valued at $3B- Chinese parent company of TikTok- Raising $600M for car trading platform Dongchedi- Dongchedi boasts 35.7M monthly active users- Competing with platforms like Autohome and Bitauto- Secondary market valuation: $300B (+11.8% vs Dec 2023 round)03:00 | Anthropic’s Claude AI Powers New Amazon Alexa- Amazon to release new Alexa powered by Anthropic’s Claude AI in October- Paid version to cost $5-$10/month; current version remains free- Estimated $600M in annual sales if 10% of Alexa’s 100M users opt for the paid version- Anthropic has a $23.6B secondary market valuation (+31.4% vs Jan 2024 round)03:49 | xAI’s Colossus System Becomes Most Powerful AI Trainer- AI large language model business by Elon Musk- Colossus built with 100,000 Nvidia H100 GPUs in 122 days, doubling to 200,000 GPUs- Phase 1 cost estimated at $2B, located in Memphis- Colossus will consume 150 megawatts of power and 1M gallons of water daily for cooling- Secondary market valuation: $26.1B (+8.9% vs May 2024 round)04:45 | X Launches Beta Version of TV App for Fire TV and Google TV- Formerly Twitter, now focusing on becoming a "video-first" platform- Launched beta version of TV app for Amazon Fire TV and Google TV- Initial feedback suggests bugs, but fixes are anticipated soon- Aimed at reviving ad revenue and attracting video creators05:26 | Fidelity Cuts X Holdings Valuation by Another 4%- Fidelity reduced X Holdings (formerly Twitter) valuation by 4% in July- Total decrease of 72% since Elon Musk’s acquisition in Oct 2022- New valuation implies X shares are worth $15, down from Musk’s original $54.20/share- X’s total value now approximately $21B06:03 | Pre-IPO Stock Market Weekly Performance06:48 | Pre-IPO Stock Vintage Index Weekly Performance