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

This Week in Pre-IPO Stocks

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- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets
- Saturdays = pre-IPO news and insights, webinar replays
00:07 | 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 safety
00:43 | 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% CAGR
02:14 | 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 creators
05:26 | 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 $21B
06:03 | Pre-IPO Stock Market Weekly Performance
06:48 | Pre-IPO Stock Vintage Index Weekly Performance