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

Published: June 14, 2024, 2 p.m.

Welcome back to Friday Equity!\n\nIn today\u2019s 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\u2019s debut on the public market, and we all agreed that what this profitable company has managed to build \u2013 a tiny affordable computer that fits into the palm of your hand \u2013 is very neat. \n\nMary 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 \u2013 and also profitable \u2013 startup focused on cat-sitting that has raised just $1 million in venture capital over its nine-year life.\n\nThe 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\u2019s reaction to Apple\u2019s announcement that it would be integrating ChatGPT into its iOS. While he clearly wasn\u2019t happy about it, we discussed what his true motives for threatening to pull Apple devices from his companies might be. \n\nThat\u2019s it for this week, but we\u2019ll be back bright and early Monday with more tech and startup news. Talk soon!