General Catalyst Makes Big $8 Billion Play In AI Investment [Forbes]
Maplebear Inc. (CART)
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Source: Forbes
November, official data showed on December 3, 2021, after a currency crisis last month in which the Turkish lira hit record lows against the dollar. (Photo by Ozan KOSE / AFP) (Photo by OZAN KOSE/AFP via Getty Images) AFP via Getty Images Nobody would call General Catalyst a small fish. But there are a lot of new interesting details in recently released news, about how this VC firm is spending around $8 billion to pursue novel strategies in applying AI to the business world. Obviously, there are nearly endless ways to do this. General Catalyst is well positioned, as a firm with some $30 billion in assets and a track record of shoring up startups like Airbnb, Instacart and Stripe. The New Investment Strategy for Artificial Intelligence General Catalyst CEO Hemant Taneja recently announced the company would be putting $4 billion into a core VC account, and $800 million into a “creative” strategy play involving startups. Here's how GC describes the fund: “The $800M Creation f
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News
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- Empire hopes Uber Eats, Instacart partnership will boost e-commerce sales [Yahoo! Finance Canada]Yahoo! Finance Canada
- Empire hopes Uber Eats, Instacart partnership will boost e-commerce sales [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Maplebear Inc. (NASDAQ: CART) had its price target raised by analysts at Stifel Nicolaus from $52.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Your Party, Delivered: Party City Now Available on Instacart for Every CelebrationPR Newswire
CART
Earnings
- 8/6/24 - Beat
CART
Sec Filings
- 10/31/24 - Form 4
- 10/29/24 - Form 144
- 10/23/24 - Form 4
- CART's page on the SEC website