Private Markets Wrapped Vol. 4
There are well over 1,000 pre-IPO companies worth over $1 billion today, but getting a grasp on the stories that matters most in this dynamic space is cumbersome.
Linqto’s Private Markets Wrapped newsletter breaks down the private market info you need to know into understandable insights, providing context and data to help you navigate your financial journey into the world of cutting-edge, pre-IPO growth opportunities.
Let’s jump into the news you need to know:
How Shield AI is Changing the Defense Industry
What’s Happening: Shield AI is developing autonomous pilot technology to power drones, planes, and other aircraft. The company, founded by former Navy SEALS, is focused on protecting civilians and service members with their artificial intelligence powered systems. Shield AI currently has products and people in the field actively supporting operations with the U.S. Department of Defense and U.S. allies.
The Autonomous Era: Shield AI's premier innovation, Hivemind, serves as an AI pilot facilitating autonomous operations for teams of sophisticated aircraft in challenging environments, eliminating the requirement for remote operators or GPS assistance. Hivemind, has flown a fighter jet (F-16), a vertical takeoff and landing drone (V-BAT), and a quadcopter (Nova)
Shield AI Co-founder Brandon Tseng stated that he envisioned how the military should operate in 2030 and founded Shield AI to fuel innovation in U.S. defenses.
What does the military of 2030 look like and what role does autonomy play? The answer – AI pilots powering every military asset: aircraft, drones, ships, satellites and submarines. - Brandon Tseng, Shield AI Co-Founder
Artificial Intelligence Investment on the Rise: AI has the potential to change the way conflicts across the globe are fought, and governments are investing heavily in the emerging technology. The U.S. Department of Defense requested $1.8 billion in funding for AI advancements in their most recent budget proposal.
Our Conversation Shield AI VP Bob Harward: Linqto is hosting an exclusive Fireside Chat with Shield AI Vice President Bob Harward, to discuss the companies role in reshaping the defense industry with AI. Tune in for deeper insights into Shield AI and ask your questions.
Cerebras Systems Unveils the World’s Fastest AI Chip
What’s Happening: Cerebras Systems has unveiled their latest computer chip, the WSE-3, which they claim is the fastest chip on the planet for developing artificial intelligence. Cerebras says their new chip delivers 2x the performance of the WSE-2, previous world record-holder, at the same power draw and for the same price.
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Cerebras Systems' Edge: Unlike other supercomputer architectures, Cerebras' wafer-sized chips put the power of multiple chips on a single wafer, making the training of large models simple and easy. Most chips are the size of a postage stamp, the WSE-3 is comparable to a dinner plate.
Artificial Intelligence Boom: Across both public and private markets, AI is fueling a boom in valuations. For example, Nvidia, another chip maker, recently broke Wall Street’s record for the largest single-day valuation increase in history, rallying 16% and adding $277 billion in market cap in a single day. For context that's nearly $100 billion more than the total market cap of rival Intel.
In the AI economy, if information is the new oil, chipmakers like Cerebras Systems are the oil rigs.
Turo Named One of the Top Potential IPOs to Watch in 2024
What’s Happening: Turo, the world’s largest peer-to-peer car sharing platform has been named one of top potential IPOs to watch in 2024 by Forbes. The outlet highlighted the companies novel service, scalability, and untapped potential of the car sharing market.
How Does Turo Work: Car rental services have often been cumbersome and expensive for consumers. Turo has created an innovative new model, responding to the car rental market's inefficiencies. Turo lets car owners rent out their vehicles, earning extra income while providing renters with more choices at lower prices. This flexible model offers a personalized rental experience, bypassing traditional limitations, and promotes efficient vehicle use, reducing the need for large fleets.
A Seismic Shift in Transportation: In 2021, transportation stood out as a significant household cost, with U.S. households spending approximately $11,000 each year on mobility, as reported by the U.S. Bureau of Transportation Statistics. Turo’s novel approach could sway more consumers to cash in on their vehicle by renting it to peers, and potentially make it easier for renters to not own a car at all.
Turo Has Filed an S-1: Turo filed its S-1 registration statement with the Securities and Exchange Commission on January 10, 2022. According to Turo’s S-1 filing, in 2023, Turo generated net revenue of $879.7 million representing 18% year-over-year growth due.
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This material, provided by Linqto, is for informational purposes only and is not intended as investment advice or any form of professional guidance. Before making any investment decision, especially in the dynamic field of private markets, it is recommended that you seek advice from professional advisors. The information contained herein does not imply endorsement of any third parties or investment opportunities mentioned. Our market views and investment insights are subject to change and may not always reflect the most current developments. No assumption should be made regarding the profitability of any securities, sectors, or markets discussed. Past performance is not indicative of future results, and investing in private markets involves unique risks, including the potential for loss. Historical and hypothetical performance figures are provided to illustrate possible market behaviors and should not be relied upon as predictions of future performance.
Community Builder | Accredited Investor | This Is Not Financial Advice.
8 个月Great publication! Nice work, team! ??