Wealt Roundup #77

Good morning ??

Welcome to the new edition of Wealt Weekly Roundup.

This week's highlights include live deals from Neuralink and Anduril, upcoming opportunities with Figure AI, and key updates like SpaceX's astronaut return, Anthropic's AI advancements, Klarna's IPO plans, Meta's EU launch, and Revolut's UK banking license ambitions, plus insights from our latest blog post on redefining wealth management in the private markets.

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

Live deals on Wealt

Your weekly dose of exclusive investment opportunities is here! Check out the hottest live and upcoming deals on Wealt this week—don’t wait because these opportunities won’t last long. ??

?? This week’s deals:

• Radiant Nuclear - A nuclear technology and clean energy startup focused on developing portable, zero-emission microreactors.
• Neuralink - Develops a brain-machine interface that allows people with quadriplegia to control their computers and mobile devices with their thoughts.
• Anduril - A defence technology company that specialises in autonomous systems and artificial intelligence.

Don’t miss out - register your interest!

Download the App Store or Google Play app to access detailed investment information, including fact sheets and key deal insights, and register your interest before these opportunities close.

Portfolio news

NASA astronauts Butch Wilmore and Suni Williams safely returned to Earth aboard SpaceX’s Crew Dragon, ending a prolonged mission on the ISS after their return was delayed due to issues with Boeing’s Starliner capsule. Their return highlights NASA's continued reliance on SpaceX for crew transport.

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Anthropic introduced a web search tool for Claude AI, enabling the model to pull in live internet data during queries. This enhancement improves Claude’s ability to provide up-to-date and contextually relevant responses across a range of tasks.

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Anthropic submitted feedback on California’s AI Working Group draft report, supporting responsible AI development while emphasizing the need for stronger measures to address the risks of advanced AI systems and ensure public safety.

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Anthropic shared insights from its Frontier AI Red Team, which conducted adversarial testing of its most powerful models. The team identified critical risk areas and mitigation strategies to improve model safety and reduce potential misuse.

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Groq partnered with Vercel to integrate Groq’s high-speed AI inference hardware into Vercel’s developer platform, simplifying the deployment of fast, scalable AI-powered applications for frontend and full-stack developers.

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Perplexity launched “Sonar Search,” a new AI-powered research mode that outperforms OpenAI tools in both cost and speed, offering users a more affordable and efficient solution for generating in-depth research results.

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Perplexity expanded its partnership with SoftBank to introduce Enterprise Pro in Japan. The offering is tailored to corporate clients and enhances Perplexity’s AI research tools for enterprise use across the Japanese market.

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Perplexity announced plans to develop a U.S.-based alternative to TikTok, with a focus on privacy protection, content authenticity, and AI-powered features designed to differentiate it from foreign-owned social media platforms.

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Perplexity is in advanced talks to raise a fresh funding round that could double its valuation to $18 billion. The potential investment reflects heightened interest in Perplexity’s AI-driven search and research products.

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Klarna is reportedly targeting a $20 billion valuation as it gears up for an IPO. This represents a significant rebound from its 2022 down-round and signals renewed investor confidence in its buy-now-pay-later business model.

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Klarna has closed several international offices as part of a restructuring plan aimed at cutting costs and streamlining operations in preparation for its upcoming IPO.

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Klarna partnered with Onepay to become the exclusive provider of installment payment services for Onepay’s merchant network in Chile, strengthening Klarna’s presence in Latin America.

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Klarna partnered with DoorDash to integrate its installment payment option at checkout, giving U.S. DoorDash customers more flexibility by allowing them to split their food delivery purchases into multiple payments.

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Market updates

• ?? Meta AI is finally launching in the EU but with certain limitations, as regulatory hurdles and data privacy concerns shape its rollout.
• ?? X has seen a significant rebound in value, now nearing its original purchase price, signalling a potential turnaround for the platform.
• ?? Nvidia and xAI collaborate with Microsoft and BlackRock to develop cutting-edge AI infrastructure to accelerate AI innovation and deployment.
• ?? Shopify stock is gaining momentum as the company announces its move from the NYSE to the Nasdaq, a shift expected to attract more tech-focused investors.
• ?? Anduril plans to open a new UK factory to strengthen its European presence and expand its defence technology capabilities.
• ?? Mark Zuckerberg announced that Meta's Llama models have surpassed 1 billion downloads, marking a significant milestone for the company's AI efforts.
• ?? CISA is scrambling to contact employees after a court ruled its recent layoffs unlawful, creating legal and operational challenges for the agency.
• ?? xAI has acquired an AI video startup, signalling its intent to expand into advanced video generation and editing technologies.
• ?? BotQ, a subsidiary of Figure AI, has unveiled new advancements in AI robotics, showcasing innovations in automation and machine learning.
• ?? Figure AI has leased a 99,000 sq ft space in San Jose for its new headquarters and plant, marking a significant expansion.
• ?? Nvidia has announced the launch of DGX Spark and DGX Station, its new personal AI computers designed to bring powerful AI capabilities to individual users.
• ?? Google and Nvidia have deepened their collaboration, showcasing new AI advancements at the GTC conference, focusing on scalable AI solutions.
• ?? Nvidia has acquired Gretel, a startup specializing in synthetic data, to enhance its AI data generation and privacy capabilities.
• ?? Google has agreed to acquire Wiz, a leading cybersecurity firm for $32b valuation, up from the earlier bid of $21b last summer. Google is looking to bolster its cloud security offerings in order to compete with Microsoft.
• ??? Trump has proposed a plan to shut down the US Education Department, which could reshape federal education policy.
• ?? OpenAI has introduced its next-generation audio models, offering improved speech synthesis and processing capabilities.
• ?? Singapore has partnered with Anduril and Shield AI to develop advanced autonomy projects, focusing on military and defense applications.
• ?? Anduril Industries plans to build a drone factory in the UK to strengthen its presence in Europe and expand its defence technology portfolio.
• ?? Revolut has secured a UK banking license, paving the way for a potential IPO and expansion into new markets.
• ???? Mistral AI CEO has denied rumours of an IPO, reaffirming the company's commitment to its open-source strategy and positioning itself as a European AI champion.
• ?? BlackRock CEO Larry Fink has said that adding alternative assets to retirement portfolios could significantly boost long-term returns, as institutional investors seek diversification beyond traditional stocks and bonds.

Wealt blog spotlight

This week’s selected blog is Redefining Wealth Management.

Private market deal values continue to trend upwards, as recent data highlights a consistent increase in deal sizes across sectors. Despite this surge, Wealt remains committed to breaking down barriers in private investing. While institutional and ultra-wealthy investors dominate these expanding markets, Wealt is making private market opportunities more accessible, affordable, and inclusive for a broader range of investors. As deal values rise, Wealt empowers individuals to participate in these growing markets with lower minimums and reduced friction.

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With warm regards and enthusiastic spirits,

Wealt Team ???