EPISODE #12 - Neuralink’s FDA approval for chips in brains, Klarna posts strong Q1 financials, Instacart’s new ad business is big, AI: data ownership, every company needs to be an AI company | Pre-IPO Stock Podcast – Jun 5, 2023 | Clint Sorenson CFA, CMT,

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Neuralink’s FDA approval for chips in brains, Klarna posts strong Q1 financials, Instacart’s new ad business is big, AI: data ownership, every company needs to be an AI company | Pre-IPO Stock Podcast – Jun 5, 2023 | Clint Sorenson CFA, CMT, Nick Fusco, Jud Mackrill, Aaron Dillon

Neuralink’s FDA approval for chips in brains
- Neuralink could revolutionize healthcare and other industries by providing solutions for conditions like Parkinson's, Alzheimer's, and paralysis
- Neuralink has long-term applications in the military and technological sectors
- Neuralink's FDA approval marks a major milestone in the pursuit of merging humans with technology to enhance human capabilities and address medical challenges
- Neuralink, a company focused on connecting the human brain to the internet through a brain-computer chip, recently obtained FDA approval for a human trial. Neuralink has a $1.7b valuation as of its last primary financing round.

Klarna posts strong Q1 financials
- Buy now pay later can be predatory in nature of such services
- Buy now pay later, a term loan, is better vs credit cards at 20% interest
- FedNow, a fast and low-cost payment system in the US, which could impact the future of credit cards and debit cards
- Klarna and Apple’s new financial services solutions could take market share from incumbents in the payment space
- Klarna, a buy now pay later focused payments company, recently published its financials, reporting a 50% reduction in losses and a customer base of 150 million.

Instacart’s new ad business is big
- Instacart, a grocery delivery service, has entered the advertising business in a big way.
- Brands may advertise through the Instacart platform, targeting specific demographics and locations.
- By integrating advertisements into their service, Instacart aims to generate additional revenue and improve user experience.
- Instacart's advertising strategy is seen as a way to drive scale, attract more users, and potentially eliminate delivery charges by leveraging the data they have on their customers.
- Pre-IPO secondary market participants are not meeting on price.
- Instacart’s current valuation has decreased by 74% from its peak in August 2021.

AI: data ownership, every company needs to be an AI company
- Data ownership for AI will be very important going forward
- The winners and losers will be determined by who controls and monetizes the data.
- Various use cases and the potential of AI are crucial for companies to invest in.
- Incorporating AI into products is seen as essential for attracting capital and staying competitive.
- In the future every company  will become an AI company, similar to the shift towards every company has become a tech company.