KPMG Quarterly Brief – International Valuation Newsletter 2024-Q3

A big topic in Q3 continues to be undoubtedly geopolitics, with the ongoing war in Ukraine and escalating tensions between Israel and Hamas.

OpenAI, seeking to raise $6.5 billion, was on track to reach a valuation of $150 billion, highlighting the immense capital requirements for developing generative AI and signaling a shift in Silicon Valley’s investment strategies. Central banks around the world have adjusted their monetary policy and cut their reference rates in almost all cases in order to counter an impending recession.

The Olympic and Paralympic Games in Paris, the first TV debate between the two American presidential candidates Kamala Harris and Donald Trump, Keir Starmer’s entry as British Prime Minister, the unexpected election victory of the New Popular Front in France, the cancellation of Aerosmith’s farewell tour, the sinking of the superyacht “Bayesian” off the Italian coast, and a new world record for eating hot dogs – these are just some other topics that moved the economy and society in the third quarter of 2024.

We are pleased to present once more our KPMG Quarterly Brief, a publication that offers objective market data, which will keep readers abreast of the latest developments in the relevant financial markets.