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Musk's Grok goes open-source and Reddit updates its IPO filing | TechCrunch

Mar 11, 2024 - techcrunch.com
This article is a summary of the latest episode of Equity, a podcast about startup businesses. The episode discusses recent developments in the crypto market, Reddit's new IPO filing, Elon Musk's intention to open-source Grok, and Bobby Kotick's potential interest in buying TikTok. It also mentions Techstars’ $80 million Advancing Cities Fund and Griffin Bank’s $24 million Series A extension.

The podcast also includes an interview with Roger Lee and a review of Reddit's IPO financials. The hosts speculate on the future of Techstars' fund and discuss a recent interview with Slack's new CEO. The podcast is available on various platforms, including Apple Podcasts, Overcast, and Spotify, and new episodes are released every Monday, Wednesday, and Friday.

Key takeaways:

  • Crypto is experiencing significant growth with bitcoin and ethereum recording big gains recently.
  • Reddit has released a new IPO filing with a price range target of between $31 and $34 per share, potentially valuing the company as high as $6.4 billion.
  • Musk plans to open-source Grok, the LLM that subscribers of X’s most expensive tier have access to, following a recent debate about the openness of AI tech.
  • Techstars’ $80 million Advancing Cities Fund could be its first and last fund.
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