AI talent managers, technocapitalist college towns, and a rise in defense tech acquisitions

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 23 August 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Friday’s episode of TechCrunch’s Equity podcast Mary Ann Azevedo, Devin Coldewey, and Equity's newest voice Margaux MacColl are here to discuss three major deals of the week. First up is the $80 million round for Story, which is trying to apply that ol' web3 magic to AI and talent management. Next, Mary Ann attempts to untangle the knotty, weird term sheet for Bolt: $450 million. But is that real money or "marketing credits"? And the Margaux explained Balaji Srinivasan's private island "technocapitalist college town" where "those with a fondness for the current world order need not apply." Then the crew got into our two main themes. Devin talked about two AI companies that aren't just doing enterprise AI. Reliant AI is focused on researchers (especially in pharma) who need to analyze thousands of papers at once. And BeyondMath is working with Formula 1 companies to create a "digital wind tunnel" that does high-accuracy physics-based computational fluid dynamics simulations in near real time. When was the last time ChatGPT made a race car faster? Then Margaux wrapped us up with the increasing activity level in defense tech acquisitions.

Transcript

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0:16.1	Hello and welcome back to Equity Tech Crunch's flagship podcast about the business of startups. Today is August 23rd, 2024. I'm Marianne Asavato and joining me
0:22.0	as Tech Crunch senior Editor and resident AI expert
0:24.9	Devon cold away Devon great to have you on the show again what's going on not too much
0:29.7	fortunately AI is finished we stopped worrying about AI. No one's doing anything with
0:34.8	AI anymore so that topic is done. So no need to worry about AI anymore this will be
0:40.4	the last time you hear that acronym. so that's very it's a big
0:43.9	release yes I can I can imagine I can imagine so I'm also very excited to share
0:49.8	we're joined by tech crunch senior reporter, Margo McCall.
0:54.0	Margot's been with us now for about two months.
0:56.4	She's awesome.
0:57.3	Welcome to the show, Margot.
0:58.4	How are you?
0:59.4	I'm good.
1:00.0	Thanks for having me.
1:01.1	What have you been working on this week?
1:02.8	A lot of defense tech.
1:04.2	I'm in DC, so I love talking to DOD folks
1:07.3	and following a lot of defense tech fundraises.
1:09.3	Well, we're gonna get into defense tech
1:10.8	a bit more later in the show.
1:13.0	So I'll do a quick rundown for you.
1:15.1	Deals of the week, we've got Story,
	...

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