LATEST NEWS ON PRE IPO COMPANIES
follow the news on the most interesting pre ipo companies.
Stripe said to be in advanced talks to raise $4b at a markdown valuation of $55b
Digital payments processor, Stripe Inc, is close to raising $4 billion in fresh capital at a valuation of about $55 billion, people familiar with the matter said.
The latest capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95 billion in early 2021.
Impossible Foods Launches Three New Chicken Products
Impossible Foods announced the expansion of its crispy, juicy chicken line with three new products: Impossible™ Spicy Chicken Nuggets, Impossible™ Spicy Chicken Patties, and Impossible™ Chicken Tenders — all made from plants.
Impossible Foods achieved record sales in 2022. The company continues to be the fastest-growing plant-based meat brand in U.S. retail stores, where it experienced more than 50% dollar sales growth last year.
Is Ripple Vs. SEC going to the Supreme Court?
As Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continue to fight in court and wait for a decision from Judge Analisa Torres of the U.S. Southern District Court of New York, Ripple's chief legal officer has made a powerful statement on Twitter.
Why OpenAI’s ChatGPT Is Such A Big Deal
OpenAI's ChatGPT is one of the most popular chatbots in the world, gaining over a million users just a week after it opened up for public testing in November 2022. By the end of January, ChatGPT was receiving around 13 million visitors per day, according to OpenAI's CEO.
Boxabl Sells 176 Foldable Homes to Freeport MacMoRan for Workforce Housing
Boxabl, a privately held startup based in Las Vegas that's factory-building affordable and easily transported homes, announced it has sold 176 homes to be used as workforce housing for Freeport MacMoRan, a $60 billion copper mining company and one of Arizona's largest employers.
Instacart eyeing delivery for small business
Contending with a rapidly declining internal valuation, grocery delivery platform Instacart is continuing its push beyond supermarkets and convenience stores.
Currently being developed under the name Instacart Business, the new service would deliver items like office supplies and cleaning products, helping Instacart keep pace with the small business offerings of companies like Amazon and Walmart as it gears up for an IPO.
Stripe and Amazon.com: A Great Partnership for Both Firms
Executives at Amazon.com announced recently that the company is expanding its payment arrangement with Stripe. The deal also commits Stripe to Amazon Web Services, the giant cloud computing platform.
Kraken outlines the exchange’s focus amid downturn
Kraken, the leading cryptocurrency exchange, has recently undergone a period of downsizing with a 30% reduction in its global workforce and the closure of its operations in Japan at the end of last year. Despite the current challenging market conditions, the company remains optimistic about its future.
SpaceX COO says Starlink had cash-flow-positive quarter in 2022
President and COO Gwynne Shotwell says that SpaceX’s Starlink satellite internet program had a “cash flow positive quarter” in 2022 and “will make money” in 2023.
Epic Games, What is next on the road to IPO?
The market for video games is increasing.
According to a recent market research estimate, this business will develop at a 19.6% compound yearly growth rate to reach $431.87 billion by 2030. Investing in video game publishers and platforms becomes extremely alluring with such a huge growth potential. One firm in particular, Epic Games, has a chance to succeed greatly as long as they keep meeting the increasing demand for video game entertainment around the world.
Building Construction Startup Boxabl Unveils The Home of the Future at International Builders' Show
Boxabl, the leading innovator in building systems, made a huge impact at this year's International Builders' Show (IBS) with its two-story building display. The building showcased the company's cutting-edge technology and construction methods and attracted widespread attention from attendees and media outlets.
Blablacar is among the most downloaded travel apps in europe
Travel apps have a firm place in the tourism market.
Apps such as those from the Russian-Dutch company Yandex Go, Bolt, Uber and BlaBlaCar occupy four places in the top 10 most downloaded travel apps.
DataRobot CTO Michael Schmidt on Democratizing AI
DataRobot CTO, Michael Schmidt, is interviewed on Democratizing AI.
Ripple: What Investors Need to Know
Ripple, which is also known for the digital currency XRP, is a blockchain payment company that was made to offer a faster and cheaper alternative to traditional cross-border payment methods.
XRP is used as a bridge currency in transactions between countries that have different currencies, eliminating the need for intermediaries and reducing the time it takes for a transaction to clear.
If you're considering investing in Ripple, here are some important questions to ask and their answers.
OpenAI launches ChatGPT Plus, starting at $20 per month
Aiming to monetize what’s become a viral phenomenon, OpenAI launched a new pilot subscription plan for ChatGPT, its text-generating AI that can write convincingly human-like essays, poems, emails, lyrics and more. Called ChatGPT Plus and starting at $20 per month, the service delivers a number of benefits over the base-level ChatGPT, OpenAI says, including general access to ChatGPT even during peak times, faster response times and priority access to new features and improvements.
Stripe In Talks for Possible Funding Round Led by Thrive Capital
Payments startup Stripe Inc. is discussing a possible funding round led by Thrive Capital, a venture capital firm founded by Joshua Kushner, according to a person familiar with the matter. A deal would allow some veteran employees of the company to sell their shares even if Stripe does not go public imminently.
Ripple Records $226M in Net ODL XRP Sales in Q4 2022, Quarterly Report Reveals
Ripple bought back more XRP in Q4 2022 than in Q3 leading to reduced XRP sales net of purchases.
Ripple’s On-Demand Liquidity (ODL) XRP sales net of purchases in Q4 2022 totaled about $226.31 million.
ChatGPT: Everything you need to know about OpenAI's GPT-3 tool
a reference article on ChatGPT, written by GPT-3.
We asked the OpenAI processing AI model to tell us a few things about itself.
Neuralink: a groundbreaking medical development or another one of Musk’s gadgets?
As if conquering space wasn’t enough, the ambitious CEO of SpaceX and Tesla has set his mind on what he believes to be the next big development: a brain-computer interface (BCI). His company, Neuralink, has been creating technology with the aim of enabling a computer to be directly controlled by brain activity using robots, chips, and electrodes.
Microsoft and openai extend partnership
Today, Microsoft is announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world.