Musk v. OpenAI, and how can startups compete with Apple Intelligence?

Equity

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4.2 • 365 Ratings

🗓️ 14 June 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to Friday Equity! In today’s episode Equity podcast, Mary Ann, Haje and Becca dug into three very different but all super interesting deals of the week. Haje wanted to discuss Raspberry Pi’s debut on the public market, and we all agreed that what this profitable company has managed to build – a tiny affordable computer that fits into the palm of your hand – is very neat. Mary Ann then wanted to talk about InScope, a fintech which just raised a $4.3 million seed round of funding led by Lightspeed Venture Partners to automate financial reporting. Becca got to riff on Meowtel, a niche – and also profitable – startup focused on cat-sitting that has raised just $1 million in venture capital over its nine-year life. The trio then talked about all the Apple news (largely AI-focused) that came out of WWDC and its potential impact on the startup world. They then turned their attention to Elon Musk’s reaction to Apple’s announcement that it would be integrating ChatGPT into its iOS. While he clearly wasn’t happy about it, we discussed what his true motives for threatening to pull Apple devices from his companies might be. That’s it for this week, but we’ll be back bright and early Monday with more tech and startup news. Talk soon!

Transcript

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0:00.0	Hello and welcome back to Equity Tech Runches flagship podcast about the business of
0:15.6	startups. Today is Friday June 14th. I'm Marianne Asavado and joining me today is
0:20.8	TC reporter Hayia Kamps.
0:22.8	How's it going, Hia?
0:24.3	You know, I'm just back from a week on holiday
0:26.2	and I definitely have very severe holiday brain.
0:28.9	So if I speak less fast or make less sense than usual,
0:32.4	that be why. Well you're allowed no worries at all.
0:37.6	Also joining us today a senior TC reporter on the Venture Bee and co-host of our sister
0:42.2	podcast found
0:43.2	Becca Scutak. How's it going in your world? How are you?
0:46.3	I am good. I will admit I'm also dragging a little bit and I don't have a
0:50.0	vacation to blame that on so we will all get through it together.
0:54.0	Well you traveled this week so even though not a vacation travel does kind of wear you
0:59.8	down so anyway still glad to have you both here with us today. We'll be going over a bunch of
1:05.4	interesting things. Our deals of the week include a mixed bunch. We've got Raspberry Pie,
1:10.5	in scope, meaudle, which we had debated on how to say that name before we started I hope we got it right
1:16.5	we'll also be digging into what Apple intelligence means for startups and
1:20.8	Musk versus Open AI.
1:23.1	So let's kick off the show with Raspberry Pie.
1:26.1	Now I have to say, I had never heard of this company
1:28.8	until December when my teenage son requested one of these for Christmas and so I was fascinated by it
	...

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