Sycamore Wire | Issue #4
Official PR, noteworthy news, interviews, and analyst insights from Sycamore's portfolio companies for November 16-30, 2024
Sycamore Wire is a bi-monthly newsletter featuring official press releases, noteworthy news, interviews and analyst insights from Sycamore’s portfolio companies.
With a concentrated portfolio, it's critical to know what you own. This newsletter helps me—and Sycamore's 700+ subscribers—stay informed on the latest developments.
SentinelOne
Protecting AI Infrastructures | Introducing SentinelOne’s AI Security Posture Management (AI-SPM) - SentinelOne Blog
The rapid rise of AI adoption introduces critical security challenges, from misconfigured infrastructure to exposed APIs that cybercriminals are eager to exploit. SentinelOne’s AI-SPM solution empowers organizations to proactively secure their AI workloads through automated inventory, misconfiguration detection, and attack path analysis.
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SentinelOne price target raised to $33 from $30 at JPMorgan - TipRanks
JPMorgan raised its price target on SentinelOne to $33, citing its potential to reaccelerate as a profitable competitor gaining market share faster than larger peers. With an accelerating pipeline and strong deal momentum, the firm anticipates another quarter of healthy results next week.
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SentinelOne Wins Australian Reseller News 2024 Security Vendor of the Year Award - Business Wire
SentinelOne has been named Security Vendor of the Year at the 2024 ARN ICT Innovation Awards for its transformative impact on cybersecurity and dedication to partner success. Recognized for its AI-powered Singularity™ Platform and market-leading channel program, SentinelOne continues to set a new standard for ecosystem excellence.
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Uber Technologies
Trump Team Is Seeking to Ease US Rules for Self-Driving Cars - Bloomberg
The Trump administration plans to prioritize a federal framework for self-driving vehicles, potentially paving the way for widespread deployment of cars without pedals or steering wheels. Such regulations could significantly benefit Tesla and Elon Musk’s ambitious robotaxi plans while sparking competition with established AV leaders like Waymo and Cruise.
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Uber explores investment in Pony AI’s US IPO - JustAuto
Uber's potential investment in Pony AI's upsized IPO highlights its strategic focus on autonomous driving technology and partnerships. With the IPO poised to raise up to $260 million, Pony AI's advancements in robotaxis and self-driving trucks could pave the way for broader collaborations in global markets.
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New features to make holiday travel more effortless - Uber Newsroom
This holiday season, Uber is rolling out new features to ease your airport travel, including UberXXL for extra luggage, UberX Share for budget-friendly rides, and enhanced Uber Reserve with flight tracking. From smoother scheduling to expanded airport shuttle routes, Uber’s updates are designed to make your holiday travel stress-free.
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Uber’s Gig Workers Now Include Coders for Hire on AI Projects - Bloomberg
Uber is venturing into the AI outsourcing market with Scaled Solutions, a division offering data labeling and AI training services to businesses like Aurora Innovation and Niantic. By leveraging its gig-economy expertise, Uber aims to tap into the booming AI sector, connecting global contractors to tackle tasks essential for training machine learning models.
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NVIDIA
NVIDIA Announces Financial Results for Third Quarter Fiscal 2025 - NVIDIA PR
NVIDIA reported record Q3 revenue of $35.1 billion, driven by a 112% year-over-year surge in Data Center revenue to $30.8 billion, fueled by soaring demand for AI computing. CEO Jensen Huang highlighted AI’s transformative impact across industries, positioning NVIDIA as a leader in the global shift to accelerated computing.
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Nvidia’s Stock Has 70% Potential Upside For 2025 - Forbes
NVIDIA's potential for 70% gains in 2025 stems from several factors. The Blackwell GPU lineup is expected to ramp significantly, starting where Hopper left off, with pricing power boosting high-margin SKUs like DGX B200 systems, priced 40% higher than previous generations. Combined with strong demand signals from Big Tech and an estimated $200 billion in annual data center revenue driven by AI infrastructure investments, NVIDIA's growth trajectory for 2025 could support substantial upside.
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NVIDIA Accelerates Google Quantum AI Processor Design With Simulation of Quantum Device Physics - NVIDIA PR
NVIDIA and Google Quantum AI are leveraging the CUDA-Q platform and NVIDIA Eos supercomputer to simulate next-generation quantum processors, addressing the noise challenges that limit current quantum computing hardware. This collaboration enables large-scale simulations of 40-qubit devices in minutes, accelerating the path toward scalable and commercially viable quantum computers.
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American Express
Campaign Chemistry: American Express' Elizabeth Rutledge - CampaignUS Podcast
American Express CMO Elizabeth Rutledge reflects on her 35-year career, highlighting the impact of Small Business Saturday (started by Amex in 2010) and the importance of understanding consumer needs. She also emphasizes mentoring future marketers and leveraging AI to advance marketing strategies.
FULL AUDIO → here