Meta’s big AI bet and our not-so-hot-take on fintech IPOs
Meta has just made a bet of $ 14.3 billion on the AI scale, but it is not a traditional takeover: Meta takes a 49% interest in the company and added the co-founder of Scale Alexandr Wang to his team.
The move indicates Meta’s growing urgency to keep track of the AI race, even if its strategy to compete with heavyweights such as OpenAi and Google is still a bit confusing.
Nowadays, on WAN’s Equity Podcast Kirsten Korosec, Max Zeff and Anthony HA, the deal is organizing the deal, an interview from Kirsten’s Archives digging out with Wang’s early predictions for AI, and asking if Meta really buys a game job or simply a well-connected dealmaker.
Listen to the full episode to hear more highlights of the week, including:
- How Chime’s IPO priced above expectations for $ 27 per share and in early trade jumped, and Anthony’s not so hot about what these signals for the technical IPO market
- Why the Demo Day of Y Combinator was full of “agentic” AI startups that build autonomous software, and how a recent chat with Fiverr’s CEO sheds light on AI-driven task automation in the Gig Economy
- How Jony Ive’s love for 18 months quietly worked with Rivian on their first electric bicycle, a spin-out product confirmed that it has a bicycle-like form factor
Equity will be back next week, so keep an eye on it!
Equity is the flagship podcast from WAN, produced by Theresa Loconsolo, and report every Wednesday and Friday.
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