“There's also kind of the biggest seed round ever, right, that we saw. Safe superintelligence helmed by Former OpenAI chief scientist and co-founder Ilya Sutskover raising roughly a billion dollars in cash at a five billion dollar valuation pre-basically anything. So pre-product, inception round type of deal.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Aman Kabeer
AssertionSupported
Sierra quadrupled its valuation to $4.5B on $20M ARR
“Yes, current chairman of OpenAI as well which is more than quadrupling its valuation this year to four and a half billion. You know, on the other side of that equation is roughly twenty million of ARR.”
Aman KabeerNov 8, 2024▶ 11:11Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
AssertionNot checkable as stated
Private AI startups hold a $40B valuation against under $100M revenue
“And basically the kind of end, end all of the chart kind of proves the point that you have, let's say, roughly forty billion dollars in valuation across a number of these names but less than a hundred million dollars of revenue.”
Aman KabeerNov 8, 2024▶ 12:16Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
AssertionSupported
Over 25% of new code at Google is AI-generated
“Sundar Pashai said, you know, more than a quarter of all code written at Google is now generated by AI before it's reviewed and accepted by engineers”
Aman KabeerNov 8, 2024▶ 26:28Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
AssertionNot checkable as stated
FirstMark survey: 62% of CTOs adopting AI were underwhelmed by impact
“While 64% of, you know, CTOs in our guild had adopted AI in some form or the other in the last 12 months, 62% of those that had adopted AI were underwhelmed by the impact it had on their organization.”
Aman KabeerNov 8, 2024▶ 51:28Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
AssertionSupported
Google's $2.7B Character.AI deal was the largest acquihire ever
“And, you know, we also had the biggest acquihire of all time. So for those of you who don't know, 2.7 billion dollar acquihire by Google of the Character AI founders who, funny enough, were already at Google before they went to start Character AI.”
Aman KabeerNov 8, 2024▶ 3:28Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
AssertionSupported
AI startups reach $30M ARR five times faster than legacy SaaS
“The AI startups in the cohort that Stripe measured took 11 months to reach one million in ARR after their first sales on Stripe versus 15 for the previous generation of SaaS businesses, and then maybe more impressively, you know, scaling to more than thirty mi…”
Aman KabeerNov 8, 2024▶ 24:41Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
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