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🌱 Cultivating Europe's AI Landscape: Nurturing Growth with Purpose 🌱 Just as a master gardener tends to their prized orchard, the European Union is carefully nurturing its AI sector. It's making sure there's a healthy mix of growth and variety, like tending to different plants in a garden. While it's open to outside help, like bringing in new plants, the EU is also keeping a close eye on things to maintain a strong foundation, much like a gardener takes care of the soil. In the intense competition with US companies in the AI market, the EU is trying to ensure that its regulations are upheld. Recent acquisitions by American tech giants, such as Microsoft's purchase of Inflection, have raised concerns about potential violations of EU merger rules. While competition drives innovation, the EU tries to remain vigilant about safeguarding its knowledge. 🚀 #AI #Europe #Innovation #Tech #Compliance #Merger #Acquisition

🔔 Big News! A company has raised a staggering $7.3 billion in the past year, highlighting the growing interest in #ArtificialIntelligence within Silicon Valley. This monumental funding round underlines AI's transformative potential and its rising influence on tech deal-making strategies. 🚀 The key takeaway? AI is now a powerful magnet for venture capital, signaling a broader shift in the tech landscape. As the article rightly puts it, "The lure of artificial intelligence is changing Silicon Valley deal-making." From healthcare to finance, AI's potential to revolutionize sectors and generate significant ROI is being recognized more than ever. 💡 This development is a testament to AI's growing importance in shaping the future of technology and investment strategies. It's an exciting time for professionals and investors in the tech industry as AI continues to redefine the rules of the game. 🎯 What are your thoughts on this shift in investment trends? Let's discuss! 👇 For more details, check out the full article here: https://lnkd.in/gsVNkJUR #AI #VentureCapital #InvestmentTrends #SiliconValley #TechNews #PromptHacks Stay tuned for more insights on how AI is transforming our future! 🌐

It looks like AI may be getting too big for even venture capitalists. The story in the link below highlights AI spending plans revealed in 1Q earning calls by big-tech giants like Microsoft and Amazon. We're talking billions of dollars of spending on markets that are still largely unproven. That's not a good model for venture capitalists looking for quick gains and early exits. Lesson here: Investors should leave the building of AI generative utility intelligence platforms to the organizations already generating enough cash to win this digital equivalent to a Bataan Death March. Investors who want / need to make money should focus on start-ups developing applications that leverage AI to address targeted, well-defined business problems in a high-value way. #VentureCapital #Investment #ArtificialIntelligence #AppliedAI

Inflection acquired by Microsoft for $650m after raising $1.3B; last round $4B valuation Inflection was the consolidation salvo of the GenAI industry. The model list is getting pretty long: GPT-4, Claude 3, Gemini, Llama2, Falcon, Mistral/Mixtral, Groq, Cohere, Falcon, DBRX, Ernie, StableLM, Jurassic, Aleph ... many others ... and Pi. Quo vadis post acquisitionem, Pi? Interesting quotes of the acquisition: - Reid Hoffman, "good day for everyone involved in Inflection"; I suppose everyone except the investors - Mustafa Suleyman, "Inflection had not succeeded in finding an effective business model"; the candour is refreshing The WSJ estimates that the GenAI industry spent about $50B buying chips last year and brought in about $3B in revenue. And Inflection, a very well funded startup, could not find a business model in the hottest tech trend ever. We shall soon see who is investing wisely and who is delivering value to customers at unsubsidised prices. Bloomberg article: https://lnkd.in/dYKKbQes WSJ article (paywall): https://lnkd.in/d47HSgNN

Winter is coming. Whatever you think about the antitrust busting shenanigans that have gone on in the last 24 hours over at Inflection and Microsoft, it's a bad look for the latest AI wave. A startup that raised £1.5bn in outside capital has its resources gutted via an acquihire (that seems to have skipped the acquire part) and shutters its main product - which was already a shadow if its founder's original vision. Meanwhile the team members gifted a parachute land at a company that has invested easily upwards of $14bn into AI companies, and has ridden that industry hype to all time high valuations, but is now telling investors to 'temper' their expectations in terms of what this technology can deliver in the short to mid term. How much news like this can we face before air starts to collectively go out of the market? And for those who really believe would that even be a bad thing? After all it might be better if toil in obscurity if you're trying to re-shape the world order.

𝐀𝐬𝐭𝐞𝐫𝐚 𝐋𝐚𝐛𝐬' 𝐈𝐏𝐎 success signals robust market confidence in 𝐀𝐈-𝐚𝐝𝐣𝐚𝐜𝐞𝐧𝐭 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬! 𝐀𝐬𝐭𝐞𝐫𝐚 𝐋𝐚𝐛, a trailblazing tech company, has just launched its initial public offering (𝐈𝐏𝐎). 𝐒𝐨, 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬, 𝐭𝐚𝐤𝐞 𝐧𝐨𝐭𝐞! Their cutting-edge AI solutions are revolutionizing industries, from healthcare to finance. In a remarkable demonstration of market confidence, 𝐀𝐬𝐭𝐞𝐫𝐚 𝐋𝐚𝐛𝐬 has soared in its 𝐈𝐏𝐎, with a 𝐟𝐢𝐫𝐬𝐭-𝐝𝐚𝐲 𝐩𝐨𝐩 𝐨𝐟 72%. Positioned at the intersection of AI and cloud connectivity hardware, Astera’s impressive growth underscores the crucial role of infrastructure in powering AI's expansion. This success story not only serves as a bellwether for the tech 𝐈𝐏𝐎 scene but also heralds a strong showing for AI hardware firms and data-centric ventures looking to go public. Will Reddit’s upcoming 𝐈𝐏𝐎 continue the trend? Read the full IPO report on their website and consider investing in this game-changing venture. Stay tuned with us for more information. Visit our websites to learn more about us and our services! #asteralabs #ai #cloudcomputing #ipo #markettrends #techipo #technews #trendingnews #techupdates #latestupdates

The recent hiring by Microsoft (a public company) of Mustafa Suleyman and most of the Inflection AI team (a startup), combined with a license deal to make Inflection's VC investors (venture capital funds) whole made me think about the increasing overlap and blurring of lines between public and private market participants. With lines between public and private blurring, the narrative and assumptions that allocators use to place investments neatly into asset allocation buckets may not reflect the underlying economics. Instead, to truly compound wealth an allocator needs to take a more nuanced approach that breaks down the barriers between the various investments that they make, and identify specific factors that drive value over an above those factors that are common to both public and private investing. I share these thoughts and more in the article below. #assetallocation #alternativeinvesting #privateequity #venturecapital #totalportfolioinvesting

#cycleofdisruption #regulation #opensource “A.I. looks like a classic disruptive technology. But as the disruptive start-ups that pioneered it get tied up with Big Tech one by one, it may become nothing more than a way of automating search engines.”

#Nasdaq Private Market CEO says only 25 of 1,200 #unicorns are actively trading on the secondaries market   The secondaries market is hot right now—for some startups, that is.   “There’s about 1,200 unicorns in the world right now—and only 25 of them have actual liquidity in the secondary market,” says Tom Callahan, CEO of Nasdaq Private Market, the liquidity company that spun out from the Nasdaq stock exchange in 2021 and just recently launched a secondary trading platform where startup employees can sell shares.   It’s the usual suspects that are getting the most attention: SpaceX, OpenAI, Databricks, Anthropic, Groq, Perplexity, Stripe.   But what about all the rest of them? There are a few reasons no one is buying their shares on the secondary market. For one, private companies get to approve or deny these secondary trades—and some companies never allow it, Callahan explains. But the other thing at play is a lack of information: If you’re not an investor with a board seat, odds are you don’t have access to management or a sense of the company’s financials.   https://lnkd.in/ev_-674u   #network1financial Network 1 Financial Securities, Inc.

On Tuesday, Microsoft hired in a $4B deal the co-founder of Inflection Mustafa Suleyman and appointed him as the head of Microsoft's AI. The other co-founder and key employees of Inflection have also become Microsoft employees. Inflection's current product Pi will have a significant pivot and the company will focus on another market (https://lnkd.in/dKaaK3rr). So, as we showed in our recent SMJ article Acqui-hires: Redeployment and retention of human capital post-acquisition (https://lnkd.in/dKhW6dMB), this acquisition is an acqui-hire and, as we predicted in the article, the integration of the acquired team happened at the core and at the senior levels of the acquirer because of the disruptiveness of the acquired talent's know-how. Thus, the deal seems to be a good deal regarding integration. The stock market's reaction to the announcement was also good. The only thing we did not expect is this transaction was called non-acquisition but as I read the news I realized that this is currently called like this because of anti-trust issues. #acquihires #acquisitions #disruption #startups #ai #generativeai #venturecapital