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Weekly DaaS Roundup for July 3

Weekly DaaS Roundup for July 3

the trusted news feed on Data-as-a-Service (DaaS) companies and products

July 03, 2024

AMERICA GOES TO THE POLLS

Don’t worry not that one…yet. This week the 4th of July holiday splits the week in two - which for you means this review comes a day earlier!

The results of our informal poll last week can be found below with Claude indeed leading the way (glad it’s not just us) but the other two models holding their own.

QUOTE OF THE WEEK

"We anticipate indexes and data will be important to future drivers of the democratization of all alternatives"

Larry Fink

READ OF THE WEEK

Acquisition of Preqin - BlackRock Investor Presentation

The big news of the week came from the M&A world with BlackRock shelling out 3 times the expected price for Preqin. Their investor presentation outlines the rationale for the deal with highlights being:

13x on Rev is market rate for DaaS companies at the moment
They expect the TAM for privates data to grow from $8B today to $18B by 2030
BlackRock decks are surprisingly colorful!

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NEWS AND READS

How much revenue do you need to IPO by Tomasz Tunguz

Anything below $200m gets real pricey.

Mention AI one more time! by Nikhil Suresh

Who doesn’t love a profanity laden rant from a data scientist about the limitations of AI in it’s current form?

Can you imagine how much government policy is actually written by ChatGPT before a bored administrator goes home to touch grass? How many departments are just LLMs talking to each other in circles as people sick of the bullshit just paste their email exchanges into long-running threads? I guarantee you that a doctor within ten kilometers of me has misdiagnosed a patient because they slapped some symptoms into a chatbot.

What are we doing as a society?

Is 2026 the year we run out of training data? by Ray Fernandez

Once everything has been ingested - where do we go from there?