This Week in Pre-IPO Stocks - Market Update - May 19, 2023 - E46

Send us Fan MailPre-IPO Stock Market Update - May 19, 2023 | Anthropic raises $50m, OpenAI launched iOS app, Meta + Magic Leap partnership, Flexport adds Uber trucking expert, Waymo + Uber partner, Starlink has 1.5m subscribers, Goldman invests in Go, Turo releases 2022 financials, Panera IPO, Revolut receives Brazil bank license00:35 | Anthropic raises $450mAnthropic, an AI research firm, secures $450 million funding led by Baillie Gifford and Insight Partners.Founded by ex-OpenAI researchers, Anthropic aims to develop controllable AI systems aligned with human values.The funding will fuel research expansion, talent acquisition, and emphasize safety and ethics in AI model development.01:06 | OpenAI launched iOS app- OpenAI releases a ChatGPT app for Apple iOS, enhancing mobile accessibility to their language model.- The app enables interactive conversations with an AI assistant, incorporating safety features based on past experiences.- Users can upgrade to the ChatGPT subscription service, granting internet access, potentially driving significant revenue for OpenAI.01:54 | Meta + Magic Leap partnership- Meta engages in discussions with Magic Leap, a prominent AR company, for a potential AR partnership or acquisition.- The talks indicate Meta's intent to expand its presence in the AR space after its rebranding and metaverse-focused strategy.- Collaboration with Magic Leap could lead to advancements in AR experiences and applications, leveraging Magic Leap's advanced hardware and software solutions.02:45 | Flexport adds Uber trucking expert- Flexport recruits former Uber Freight director, Bill Driegert, to head its new truck brokerage division.- The hiring emphasizes Flexport's strategic focus on expanding trucking services and strengthening its logistics capabilities.- By leveraging Driegert's expertise, Flexport aims to enhance its position as a comprehensive logistics provider, embracing the convergence of traditional freight and digital technology.03:40 | Waymo + Uber partner- Waymo and Uber partner to integrate Waymo's self-driving technology into Uber's ride-hailing platform.- The collaboration aims to enhance safety and efficiency by utilizing Waymo's advanced autonomous driving systems.- Waymo's autonomous vehicles will be available on the Uber app, starting in Phoenix, Arizona, with future expansion to other cities, accelerating the adoption of self-driving vehicles.04:23 | Starlink has 1.5m subscribers- Starlink, SpaceX's satellite internet service, surpasses 1.5 million orders for its high-speed internet service.- The significant growth in subscribers reflects the rising demand for reliable internet, especially in underserved rural areas.- Starlink's innovative satellite constellation approach enables internet access in previously unreachable regions, with an estimated annual recurring revenue of nearly $2.0 billion at $110 per month.05:42 | Goldman invests in Go- Goldman Sachs leads a funding round for Go, a Japanese taxi-hailing app, valuing the company at $1 billion.- Go's comprehensive platform, integrating taxi services and payment solutions, has gained traction in over 50 Japanese cities.- The investment will support Go's expansion, technology enhancements, and market penetration, highlighting confidence in its disruptive business model and convenient services.06:31 | Turo releases 2022 financials- Turo, a car-sharing platform, reveals 70% revenue growth in 2022, reaching $700 million.- The company narrows its net loss significantly, indicating improved financial performance.- Turo's success is driven by increased demand, market expansion, and its unique peer-to-peer car-sharing model, positioning it attractively for an IPO.+ large capital raises and pre-IPO stock performance update