🧬 AgTech Desert Crops
Plus: Don’t Bet Against Argentina, Perplexity’s $3B Valuation in Trouble?, and More
This week’s market, investing, and business insights from insiders and experts outside the mainstream media:
Ohalo's technology allows plants to pass 100% of their genes to offspring.
Stanley Druckenmiller invests in Argentina after Javier Milei's speech.
Google launches new AI search experience.
SEC approves spot Ether ETFs–enabling mainstream investment.
Groq eyes $3B valuation.
And more…Let’s get to it!
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Top 5 Insights of the Week
1. 🧬 AgTech Desert Crops
Ohalo's technology allows plants to pass 100% of their genes to offspring.
What does this mean?
Helps crops grow in previously unsuitable regions, like deserts.
Crop yields increase by 50-100%.
Reduces food prices.
$100B potato market represents the third largest source of calories on Earth.
Agricultural technology market valued at ~$23B in 2023, and projected to reach ~$62B by 2031.
2. 🇦🇷 Don’t Bet Against Argentina
Stanley Druckenmiller invests in Argentina after seeing Javier Milei's Davos speech.
Purchased the 5 most liquid American Depositary Receipts (ADRs) for Argentinian companies.
Why is Druckenmiller bullish in Argentina?
Milei cut Social Security by 35%, shifted from a 4-5% deficit to a 3% surplus.
Milei's policies reduced interest rates and improved investment conditions.
Milei is the only current global leader implementing free-market principles effectively.
Druckenmiller follows Soros' "invest then investigate" strategy—betting on Milei's economic reforms to stabilize Argentina.
3. 👀 Perplexity’s $3B Valuation in Trouble?
Google's "AI Overviews" search offers guides with citations and targeted ads— very similar to Perplexity (valued at ~$3B).
Could lead to major lawsuits for two reasons:
Uses creator’s content without proper permission.
Reduces traffic to creator’s sites, affecting their ad revenue.
Potential for boost in revenue by integrating targeted ads in AI-generated answers—without ever leaving the page.
Marketplaces for licensing AI usage rights already emerging:
4. 🟢 SEC Greenlights Ether ETFs
SEC approves spot Ether ETFs–enabling mainstream investment in the world's second-largest cryptocurrency.
Expected to unlock billions in institutional investment.
Ether price surged 64% in 2024, with a 22% rise in the past few days.
Companies still need to get S-1 filings approved before trading.
5. 😯 Groq Eyes $3B Valuation
Groq is negotiating to raise $300M–potentially valuing the company over $3B.
Their LPU chips, designed specifically for AI inference, are considered the fastest and most cost-effective for running open-source models like Llama 3.
Previously raised ~$367M from firms like Tiger and D1.
Groq has deployed 4,500 chips and plans to reach 1.5M by next year.
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Top 3 Charts of the Week
1. 📈 Navan's Valuation Continues to Soar
$9B travel tech firm, Navan, aiming for IPO–forecasts a profitable year.
Major clients include Heineken, Shopify, Zoom, and Pinterest.
Founded as TripActions in 2015, rebranded in 2023; valued over $1B since 2018.
2. 🐊 Crocs a $3 Billion Annual Business
Crocs' Q1 2024 sales increased ~15%, reaching $740M; 2024 projections at $3.2B.
Faced significant sales declines and a $185M loss in 2008.
Revival came through strategic collaborations and a strategy shift under CEO Andrew Rees since 2017.
3. 💀 The Internet's Digital Graveyard
Dead links are widespread—38% of 2013 links broken by 2023.
21% of government and 23% of news site pages contain dead links.
"Dead internet theory" suggests bots creating most online content.
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