Winners and losers of the week

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0. Weekly performance

1. Winners of the week

1.1 OpenAI

1.2 Chinese fast-fashion apps

Shein confidentially filed for a U.S. IPO

  • Shein's last valuation: $66B, in May 2023, from $100B in April 2022.

    • Estimated 2x P/S, 60x P/E.

    • Goldman Sachs, JPM Chase, and Morgan Stanley are the lead underwriters.

    • ETA: 2024.

    • Headquarters moved to Singapore, from China, in 2021.

Temu reached 172M MAUs in U.S. in 1 year after launch

1.3 Longevity

Life expectancy +1.1 year to 77.5 years in 2022, as heart disease, cancer, Covid lead as causes

The $101 XPRIZE Healthspan prize was announced, the largest of its kind

Loyal announced that its longevity drug for dogs received the 1st of 3 green lights needed for FDA approval

1.4 AI models

Perplexity AI launched “online LLMs” that outperform GPT-3.5, Llama 2

Pika, AI video creator, editor, launched in beta with $55M fundraising

Meta updated its Seamless models of text and speech translation

  • llamafile: easiest way to run LLMs on normal computers.

1.5 Anduril

Anduril launched its reusable anti-drone fighter RoadRunner

1.6 Tesla

Tesla Cybertruck launched: it is the fastest EV pickup truck in market, by far. But current models are $80K+, with the $61K model only in 2025, vs. $40K+ announced in 2019

The quickest Cybertruck goes 0 to 60 in 2.6 seconds, faster than even most sports cars

2. Neutrals, losers of the week, and weekend reads

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