Wealt Roundup #64

Good morning ??

Welcome to the new edition of Wealt Weekly Roundup.

This week's highlights include the Canva deal nearing its Monday deadline, Groq 's deal closing successfully, SpaceX relocating headquarters to Texas, Anthropic launching its Claude 3.5 Haiku model, Google DeepMind 's generative AI advancements, OpenAI 's ChatGPT's new real-time video capabilities, and 微软 's $9B renewable energy coalition. Don't miss the blog spotlight on rethinking the 60/40 portfolio for modern markets.

Stay informed with Roundup – your guide to finance and tech trends!

Highlights from Wealt

? Canva Deal: Monday is the last day to join!

The Canva deal is quickly approaching its closing stages, and we don’t want you to miss out on this exceptional opportunity to invest in one of the most innovative companies in the design tech space.

• Investment commitment and fund transfer: Monday, 16 Dec 2024

Canva is an online design and visual communication platform that is transforming how individuals and businesses create. Here’s why this deal is a standout:

• Achieving 50%+ growth annually over the past four years
• $2.5B+ revenue driven by a user base of 200M+ active users, targeting 1B by 2030
• Operating in a $180B market with 99% untapped potential
• Preparing for a 2026 IPO, making this a timely investment in a high-growth SaaS leader

Visit the Wealt App or Web Form to access detailed deal information and the company's fact sheet and register your interest.

?? Groq deal closed

We are thrilled to announce that the Groq deal has officially closed. Thank you to everyone who participated in these exciting opportunities!

If you couldn’t invest in Klarna, don’t worry—there are plenty of ways to stay connected and ensure you’re ready for future opportunities:

?? Download our app for instant access to deals.

??? Schedule your call to join the Wealt Club.

?? Subscribe to our newsletter to stay informed.

?? Join our WhatsApp community for real-time updates and discussions.

Portfolio news

Elon Musk has confirmed that SpaceX’s headquarters will officially relocate from Hawthorne, California, to Starbase, Texas, at the company’s Boca Chica facility. This decision follows Musk’s dissatisfaction with California’s regulatory environment and aligns with SpaceX’s earlier incorporation transfer to Texas. The move is part of Musk’s broader trend of relocating operations to Texas, where Tesla's headquarters also moved in 2021.

Read more.

Anthropic has launched Claude 3.5 Haiku, its fastest AI model. The model is now available to all users, including free-tier access. It offers improved speed, accuracy, and performance for tasks like coding, chatbots, and content moderation, with pricing starting at $0.80 per million input tokens.

Read more.

Anthropic published a blog detailing its efforts to prevent AI misuse during elections, including policies against campaigning, misinformation, and interference. It conducted extensive testing and directed users to nonpartisan sources. Election-related queries made up less than 1% of usage, mostly focused on political systems and policies.

Read more.

Groq published an article explaining AI inference, which involves applying a trained model’s learned patterns to new data for tasks like predictions, text summarization, or speech recognition. The article highlights how efficient inference enables real-time applications and introduces Groq’s LPU? platform, designed to enhance speed and energy efficiency for AI tasks in practical settings.

Read more.

Perplexity announced that you can now customize Perplexity to search over only a specific set of domains and (or) files on Spaces.

Read more.

Market updates

• ?? DeepMind’s Project Astra aims to redefine AI applications with generative capabilities, potentially becoming a killer app for AI.
• ?? Google’s Willow project confirmed its quantum computing advancements, but it still cannot break RSA cryptography.
• ?? Google DeepMind unveils the latest Gemini AI update, showcasing enhanced capabilities across creative and technical domains.
• ?? Google announced Project Mariner, its first AI agent capable of navigating browsers and performing tasks like filling out forms.
• ?? Global markets face renewed volatility, driven by mixed economic data and cautious investor sentiment.
• ?? Japan’s bankruptcies are set to hit an 11-year high, reflecting economic struggles amid slowing recovery efforts.
• ?? OpenAI has announced Sora, a new video generator, but it won’t launch in the EU initially due to regulatory challenges.
• ?? NVIDIA’s Supreme Court appeal over a shareholder suit has been dropped, marking a conclusion to the long-standing legal battle.
• ?? Klarna has been fined $50 million for anti-money laundering compliance failures.
• ??? Lina Khan’s tenure at the FTC ended when Andrew Ferguson was named chair, signalling potential policy shifts.
• ?? Apple is reportedly developing an AI server chip in collaboration with Broadcom to enhance its AI infrastructure.
• ?? ChatGPT now understands real-time video, marking a major leap in multimodal AI capabilities.
• ?? Microsoft has anchored a $9 billion renewable energy coalition, reinforcing its commitment to sustainability.
• ??? OpenAI has rejected Elon Musk’s claims, asserting that Musk himself previously supported its shift to a for-profit model.
• ?? Klarna halted all hiring a year ago to replace employees with AI, highlighting its aggressive approach to automation.
• ?? OpenAI has introduced folders for ChatGPT, allowing users to better organize and manage their AI conversations for improved workflow and accessibility.

Wealt blog spotlight

This week’s selected blog is Is 60/40 Portfolio Dead?

The traditional 60/40 portfolio, once a reliable strategy, is losing effectiveness due to rising inflation and market volatility, which have reduced bond yields and diversification benefits. To adapt, a 40/30/30 model is suggested, reallocating 40% to equities, 30% to bonds, and 30% to alternative investments such as private equity, real estate, and commodities. This approach aims to improve diversification, enhance returns, and provide greater resilience in an increasingly complex financial environment.

Read more.

Stay ahead of the curve…

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With warm regards and enthusiastic spirits,

Wealt Team ???