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Introducing The Power 20

Introducing The Power 20

Noel Moldvai
August 01, 2024

Good Afternoon! We have an exciting announcement to make… We have just launched The Power 20! The Augment Power 20 rankings are based on over 50,000 datapoints using factors like price trends, trade volume, and revenue growth offering investors objective insights into the most active private tech companies. Thank you for coming to my TedTalk. Enjoy the rest of this week’s tech news!

TL;DR

Introducing The Power 20
Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch
Microsoft says OpenAI is now a competitor in AI and search
Former CNN anchor Lemon sues Musk over canceled X deal

The Power 20

Augment has launched "The Power 20," a report ranking the most active private companies in the secondary market. This data-driven ranking, created with Sacra, combines subjective insights with objective data, providing investors with a comprehensive list of companies to explore.

*Inclusion in the Augment Power 20 does not predict future performance and should not be considered investment advice. Investing in private companies in the secondary market carries risks, including potential lack of liquidity and limited financial information.

LinkedIn Post here and Official Page here

Self-driving Truck Startup, Aurora Innovation, Sells $420M in Shares

Aurora Innovation is raising up to $420 million in additional capital to support its driverless commercial launch by the end of 2024. The company, which went public in 2021, plans to sell shares to underwriters and use the funds for general corporate purposes. Aurora's stock surged after the announcement.

Read the full article on TechCrunch

Microsoft is Now Competing with OpenAI

Microsoft's relationship with OpenAI has become more competitive, with Microsoft now listing OpenAI as a rival in AI, search, and advertising. Despite a strong partnership, tensions have risen, especially after OpenAI's CEO shakeup and Microsoft's new AI initiatives. Both companies continue to collaborate while competing in overlapping areas.

Read the full article on CNBC

Lemon Sues Musk Over Canceled X Deal

Former CNN anchor Don Lemon sued Elon Musk, alleging unfair termination of their partnership with X (formerly Twitter) and non-payment. Lemon claims X used his name to attract advertisers before canceling their deal. The lawsuit was filed in California after the partnership was scrapped in March 2024.

Read the full article on Reuters