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Startups / TechCrunch

Virgin Orbit runs low on cash, ByteDance pushes a TikTok replacement, and Canoo settles with the SEC

Its the weekend, party people, and you know what that means: Its Week in Review (WiR) time. For the uninitiated, WiR is where TechCrunch recaps all the tech news that took place for the week. Its like the morning paper, but in digital form, and without all the extraneous stuff unrelated to tech. Sonot much [] Virgin Orbit runs low on cash, ByteDance pushes a TikTok replacement, and Canoo settles with the SEC by Kyle Wiggers originally published on TechCrunch

2 Apr 2023 1:46 am
Always be prompting

Welcome to Startups Weekly, a nuanced take on this weeks startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Reporters note: Before we get into this, thank you to the Startups Weekly readers who pointed out that last weeks link to my column was [] Always be prompting by Natasha Mascarenhas originally published on TechCrunch

1 Apr 2023 11:31 pm
This Week in Apps: WWDC23, ByteDance pushes Lemon8 ahead of TikTok ban, T2 capitalizes on Twitter chaos

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2% to $167 billion, according to data.ais State of [] This Week in Apps: WWDC23, ByteDance pushes Lemon8 ahead of TikTok ban, T2 capitalizes on Twitter chaos by Sarah Perez originally published on TechCrunch

1 Apr 2023 11:30 pm
Krablr develops generative AI language to boost crab yields

Krablr, the real-time crab pricing engine for amateur fishermen, has announced yet another pivot in its business model. Following a successful transition from crab pricing to crab futures trading, the company is now setting its sights on a new, cutting-edge technology: generative AI. Krablrs latest pivot is focused on developing a new language in which [] Krablr develops generative AI language to boost crab yields by Natasha Lomas originally published on TechCrunch

1 Apr 2023 10:35 pm
Theres trouble in Startup Nation

For Israeli entrepreneurs, the prospect of rising pressure on the country's credit rating made banking diversification a more pressing issue. Theres trouble in Startup Nation by Anna Heim originally published on TechCrunch

1 Apr 2023 10:30 pm
Generative AIs future in enterprise could be smaller, more focused language models

As generative AI continues to take hold, its future in business could be smaller, more focused models instead of a boil-the-ocean approach. Generative AIs future in enterprise could be smaller, more focused language models by Ron Miller originally published on TechCrunch

1 Apr 2023 9:30 pm
DocuSign could be suffering from a pandemic growth hangover

DocuSign was flying during the pandemic when people couldn't meet in person, but it might have grown too quickly, and it's paying the price. DocuSign could be suffering from a pandemic growth hangover by Ron Miller originally published on TechCrunch

1 Apr 2023 6:30 pm
OpenAI geoblocks ChatGPT in Italy

No, its not an April Fools joke: OpenAI has started geoblocking access to its generative AI chatbot, ChatGPT, in Italy. The move follows an order by the local data protection authority Friday that it must stop processing Italians data for the ChatGPT service. In a statement which appears online to users with an Italian IP [] OpenAI geoblocks ChatGPT in Italy by Natasha Lomas originally published on TechCrunch

1 Apr 2023 3:45 pm
Ethicists fire back at AI Pause letter they say ignores the actual harms

A group of well-known AI ethicists have written a counterpoint to this weeks controversial letter asking for a six-month pause on AI development, criticizing it for a focus on hypothetical future threats when real harms are attributable to misuse of the tech today. Thousands of people, including such familiar names as Steve Wozniak and Elon [] Ethicists fire back at AI Pause letter they say ignores the actual harms by Devin Coldewey originally published on TechCrunch

1 Apr 2023 5:48 am
Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package. Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT by Christine Hall originally published on TechCrunch

1 Apr 2023 3:35 am
NASAs DAGGER could give advance warning of the next big solar storm

Theres enough trouble on this planet already that we dont need new problems coming here from the sun. Unfortunately, we cant yet destroy this pitiless star, so we are at its mercy. But NASA at least may soon be able to let us know when one of its murderous flares is going to send our [] NASAs DAGGER could give advance warning of the next big solar storm by Devin Coldewey originally published on TechCrunch

1 Apr 2023 3:26 am
A judge dismissed Phhhotos antitrust suit against Meta

A U.S. District Court Judge for the Eastern District of New York threw out a lawsuit against Meta this week that had been simmering for a year and a half. The suit, filed in late 2021 by now-shuttered social app Phhhoto, alleged that Meta violated federal antitrust law by copying its core features with the [] A judge dismissed Phhhotos antitrust suit against Meta by Taylor Hatmaker originally published on TechCrunch

1 Apr 2023 2:11 am
Celebrities dont want to pay Elon for a blue check

April 1 is the dumbest day on the internet, and this year, its not just because brands will try to prank you by selling hot iced coffee. Starting on Saturday, Twitter will begin removing blue checks from legacy verified users if they dont sign up for a Twitter Blue subscription. This is part of new [] Celebrities dont want to pay Elon for a blue check by Amanda Silberling originally published on TechCrunch

1 Apr 2023 1:46 am
Twitter reveals some of its source code, including its recommendation algorithm

As repeatedly promised by Twitter CEO Elon Musk, Twitter has opened a portion of its source code to public inspection, including the algorithm it uses to recommend tweets in users timelines. On GitHub, Twitter published two repositories containing code for many parts that make the social network tick, including the mechanism Twitter uses to control [] Twitter reveals some of its source code, including its recommendation algorithm by Kyle Wiggers originally published on TechCrunch

1 Apr 2023 12:15 am
Stability AI CEO has the ambition to IPO in next few years

Emad Mostaque, the CEO and founder of open source platform Stability AI, hinted at plans to go public in the next few years, during the Cerebral Valley AI Conference in San Francisco on Thursday. He also shut down the idea that Stability AI, an OpenAI rival and leader in the generative artificial intelligence space, will [] Stability AI CEO has the ambition to IPO in next few years by Natasha Mascarenhas originally published on TechCrunch

1 Apr 2023 12:07 am
Netflix restructures its film units, aiming to make fewer (but better) original movies

Netflix is restructuring its film units and vowing to make fewer but better movies, according to a new report from Bloomberg, which Netflix partially confirmed. The report said the streaming giant is combining film units that produce small and midsize films, resulting in a handful of layoffs, including two longtime executives. Netflix told TechCrunch that [] Netflix restructures its film units, aiming to make fewer (but better) original movies by Aisha Malik originally published on TechCrunch

31 Mar 2023 11:50 pm
Whats going on with the TikTok ban?

TikToks fate is far from sealed. Weve answered some common questions about a situation thats complex, confusing and changing as we speak. Whats going on with the TikTok ban? by Taylor Hatmaker originally published on TechCrunch

31 Mar 2023 11:30 pm
Hulu debuts a new interface with a vertical sidebar on Fire TV, Apple TV and Roku

Hulu is slowly rolling out a new interface on streaming devices like Fire TV, Apple TV and Roku, among other compatible devices. The new redesign moves the navigation to the left side with options for TV, Movies and My Stuff. The company confirmed to TechCrunch that the updated interface began rolling yesterday. It will be [] Hulu debuts a new interface with a vertical sidebar on Fire TV, Apple TV and Roku by Ivan Mehta originally published on TechCrunch

31 Mar 2023 11:15 pm
TechCrunch+ roundup: 3 key hiring metrics, building SDR teams, insurtech investor survey

Marketing teams get a lot of credit for landing new customers, but in reality, sales development representatives do most of the actual work. TechCrunch+ roundup: 3 key hiring metrics, building SDR teams, insurtech investor survey by Walter Thompson originally published on TechCrunch

31 Mar 2023 10:31 pm
The lowdown for European startups looking to raise money in 2023

Were looking at Europe's Q1 2023 venture capital tallies and considering the three largest venture markets in the region: the U.K., Germany and France. The lowdown for European startups looking to raise money in 2023 by Anna Heim originally published on TechCrunch

31 Mar 2023 10:30 pm
Artie sidesteps the app stores by putting high-quality games in your browser

When you play a game, how do you play it? Monopoly or Settlers of Catan around the dining table? Mario Kart on your Nintendo Switch? Assassins Creed on your Xbox? Among Us on your phone? Usually, they are games with a physical form, a console or an app. Artie is gearing up to shake up [] Artie sidesteps the app stores by putting high-quality games in your browser by Haje Jan Kamps originally published on TechCrunch

31 Mar 2023 9:30 pm
Investors unfazed by Q1 crypto funding decline

Crypto-focused venture capital investors remain confident in the market as total capital raised dropped in the first quarter. Investors unfazed by Q1 crypto funding decline by Jacquelyn Melinek originally published on TechCrunch

31 Mar 2023 9:30 pm
Review: Xbloom makes perfect pour-over so you dont have to

Coffee nerds love the ceremony of making a good cup of coffee, but once you get advanced enough, things get really complex really fast. Making high-end pour-over coffee is a fine dance of grinding, pouring, temperature and patience, and it turns out that a lot of us just cannot be bothered with learning enough (or [] Review: Xbloom makes perfect pour-over so you dont have to by Haje Jan Kamps originally published on TechCrunch

31 Mar 2023 9:25 pm
France moves forward with influencer bill cracking down on risky products and more

The lower chamber of the French parliament, the National Assembly, passed a cross-party bill that aims to introduce some new requirements for social media influencers. This is a preliminary vote as the bill will move to the Senate, but theres a high probably that it will be adopted in a few weeks as all the [] France moves forward with influencer bill cracking down on risky products and more by Romain Dillet originally published on TechCrunch

31 Mar 2023 9:12 pm
Groupon, which has lost 99.4% of its value since its IPO, names a new CEO based in Czech Republic

A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been [] Groupon, which has lost 99.4% of its value since its IPO, names a new CEO based in Czech Republic by Ingrid Lunden originally published on TechCrunch

31 Mar 2023 8:47 pm
US investors slash Byjus and Swiggy valuation

Some of the biggest Indian startups are taking a haircut in their valuations as their backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byjus, which is Indias most valuable startup at $22 billion, to nearly half at $11.5 billion, according to filings seen by TechCrunch. Indian news outlet [] US investors slash Byjus and Swiggy valuation by Manish Singh originally published on TechCrunch

31 Mar 2023 7:55 pm
Burn, community, burn

Hello, and welcome back toEquity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. AI? Crypto? Equity crowdfunding and former startup founders trying to bribe China? We had it all this week, friends, so please strap in and get ready for another catchup with your besties Mary [] Burn, community, burn by Natasha Mascarenhas originally published on TechCrunch

31 Mar 2023 7:30 pm
24 hours left to save $200 on TC Early Stage tickets

TechCrunch Early Stage is less than three weeks away from kicking off on April 20 in the Hub of the Universe Boston. Thats just one of Bostons nicknames. Who knew? But listen up, because in less than 24 hours youll miss out on saving some big-time cash if you dont take advantage of our [] 24 hours left to save $200 on TC Early Stage tickets by Alexandra Ames originally published on TechCrunch

31 Mar 2023 5:50 pm
Italy orders ChatGPT blocked citing data protection concerns

Two days after an open letter called for a moratorium on more powerful generative AI models being developed so regulators can catch up with the likes of ChatGPT, Italys data protection authority has just put out a timely reminder that some countries do have laws that already apply to cutting edge AI by ordering [] Italy orders ChatGPT blocked citing data protection concerns by Natasha Lomas originally published on TechCrunch

31 Mar 2023 5:21 pm
3 recruiting metrics that can help startups make more data-driven hiring decisions

To make fewer mistakes, founders should adopt a more data-driven approach to hiring. Tracking these three metrics is a great place to start. 3 recruiting metrics that can help startups make more data-driven hiring decisions by Jenna Routenberg originally published on TechCrunch

31 Mar 2023 5:00 pm
Reads AI-powered summary feature squeezes a meeting into a two-minute clip

Summarization is one of the common use cases of different AI models. Multiple tools have come up with a summarization of articles, PDFs, videos, and transcripts. Meeting intelligence tool Read has introduced a new feature that trims an hour-long meeting into a two-minute clip with important pointers. The company said that it is using large [] Reads AI-powered summary feature squeezes a meeting into a two-minute clip by Ivan Mehta originally published on TechCrunch

31 Mar 2023 2:44 pm
Ambani bats for cricket glory as Disney scales back in India

Mukesh Ambanis Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of Indias top network providerdue in large part to its aggressively competitive data pricingJios array of additional services has [] Ambani bats for cricket glory as Disney scales back in India by Manish Singh originally published on TechCrunch

31 Mar 2023 1:37 pm
Helbiz stock tumbles on reverse split, rebrand to Micromobility.com

Shared micromobility company Helbiz said it will do a reverse stock split in an attempt to get back into compliance with the Nasdaq, which issued a delisting notice last July because Helbizs stock was trading too low. Helbiz is also rebranding to Micromobility.com Inc. in order to position itself as a micromobility brand that offers [] Helbiz stock tumbles on reverse split, rebrand to Micromobility.com by Rebecca Bellan originally published on TechCrunch

31 Mar 2023 6:42 am
EV company Canoo agrees to $1.5M settlement with SEC

Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation covered the Hennessys IPO and [] EV company Canoo agrees to $1.5M settlement with SEC by Rebecca Bellan originally published on TechCrunch

31 Mar 2023 4:27 am
Daily Crunch: Ledger locks down another $108M to double down on hardware crypto wallets

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package. Daily Crunch: Ledger locks down another $108M to double down on hardware crypto wallets by Christine Hall originally published on TechCrunch

31 Mar 2023 3:35 am
Virgin Orbit burns up in uncontrolled descent

Virgin Orbit is laying off around 85% of its workforce in order to further reduce expenses, after the troubled space company said it was unable to secure additional funding to keep it afloat. The news, which Virgin Orbit filed with the U.S. Securities and Exchange Commission Thursday, comes just two weeks after the company furloughed [] Virgin Orbit burns up in uncontrolled descent by Aria Alamalhodaei originally published on TechCrunch

31 Mar 2023 3:30 am
Checkout.coms new president is bullish on US expansion, says she welcomes comparisons to Stripe

Stripe competitor Checkout.com announced last month that Cline Duftel was appointed as its new president. She had previously served as the London-based fintech startups CFO and COO for about 18 months before her promotion. In her expanded role, which still includes serving as the companys COO, Duftel oversees all operational and go-to-market teams, including finance [] Checkout.coms new president is bullish on US expansion, says she welcomes comparisons to Stripe by Mary Ann Azevedo originally p

31 Mar 2023 2:48 am
Pokmon GO will raise the price of remote raid passes

Pokmon GO is raising the price of remote raid passes, the mobile game announced today. Players used to be able to buy one pass for 100 coins (about $1) or three passes for 250 coins (about $2.50), but the cost of these items will nearly double to 195 coins for one pass, or 525 coins [] Pokmon GO will raise the price of remote raid passes by Amanda Silberling originally published on TechCrunch

31 Mar 2023 2:33 am
Discover the Disrupt 2023 Fintech Stage

TechCrunch Disrupt, the premier event for startup investors and founders, is coming back in 2023 with an enhanced new format. This year, were rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event which will once again this year be held at the Moscone Center in San [] Discover the Disrupt 2023 Fintech Stage by Mary Ann Azevedo originally published on TechCrunch

31 Mar 2023 2:00 am
Audible is testing ad-supported access to select titles for non-members

Audible is testing ad-supported access to select titles for non-members, the Amazon-owned audiobook company revealed on a help page on its website. The company confirmed to TechCrunch that the test is very limited and does not apply to paid members. The news was first reported by Marketing Brew. The move indicates that the company may [] Audible is testing ad-supported access to select titles for non-members by Aisha Malik originally published on TechCrunch

31 Mar 2023 1:59 am
Crypto market cap unaffected on the week amid more US lawsuits

If you thought last week was crazy with the SEC clamping down on major crypto companies like Coinbase and Tron, you should buckle up for this weeks news. Crypto market cap unaffected on the week amid more US lawsuits by Jacquelyn Melinek originally published on TechCrunch

31 Mar 2023 12:30 am
I played the anime dating sim that does your taxes for you

Yes, there is an anime dating sim that does your taxes, and it actually works. Tax Heaven 3000 is a game produced by MSCHF, the venture-funded creative studio behind projects like Push Party, the Lil Nas X blood shoes, the big red Astro Boy boots and Dead Startup Toys. Basically, they just make a bunch [] I played the anime dating sim that does your taxes for you by Amanda Silberling originally published on TechCrunch

31 Mar 2023 12:28 am
Netflixs ad-supported plan comes to Apple TV after months of delay

When Netflix launched its ad-supported plan four months ago, there were a few devices the plan didnt support Apple TV being one of them. Starting this week, the cheaper tier is available in the Netflix tvOS app. A Reddit user that goes by websgeisti noticed the update yesterday. The user noted that Netflixs Basic [] Netflixs ad-supported plan comes to Apple TV after months of delay by Lauren Forristal originally published on TechCrunch

31 Mar 2023 12:25 am
Yeah, of course, YCs winter class is oozing with AI companies

While some startups are reinventing the wheel, most are looking to build nuanced use cases of AI. It would be weirder if they weren't. Yeah, of course, YCs winter class is oozing with AI companies by Rebecca Szkutak originally published on TechCrunch

31 Mar 2023 12:00 am
Asking the right dumb questions

Youll have to forgive the truncated newsletter this week. Turns out I brought more back from Chicago than a couple of robot stress balls (the one piece of swag I will gladly accept). I was telling someone ahead of the ProMat trip that Ive returned to 2019 travel levels this year. One bit Id forgotten [] Asking the right dumb questions by Brian Heater originally published on TechCrunch

31 Mar 2023 12:00 am
Smoakland is testing a loophole to sell cannabis by credit card

What do you do when you have a very successful and popular product (marijuana) that is legal in some places, but federally has been a Schedule 1 drug since 1970? Well, you cant rely on any national institutions as your business partners. One of the major places that shows up is in payments and payment [] Smoakland is testing a loophole to sell cannabis by credit card by Haje Jan Kamps originally published on TechCrunch

30 Mar 2023 11:43 pm
Pitch Deck Teardown: Northspyres $25 million Series B deck

Northspyre shared the deck it used to raise a $25 million Series B to bring costs under control for big building projects. Pitch Deck Teardown: Northspyres $25 million Series B deck by Haje Jan Kamps originally published on TechCrunch

30 Mar 2023 11:30 pm
Reliance-backed Dunzo nears fresh funding of $50 million

The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. Reliance Retail and Google, two existing backers of Dunzo, are among those [] Reliance-backed Dunzo nears fresh funding of $50 million by Manish Singh originally published on TechCrunch

30 Mar 2023 11:20 pm
YouTubes new metric shows an artists reach across all formats, including Shorts

YouTube announced today that it is expanding its Analytics for Artists tool by adding YouTube Shorts-related data to the Total Reach metric, which gives artists and their teams an overview of how their music is reaching audiences across YouTube. Prior to this expansion, the Total Reach metric only included official content uploaded by the artist [] YouTubes new metric shows an artists reach across all formats, including Shorts by Aisha Malik originally published on TechCrunch

30 Mar 2023 11:13 pm
Twitter alternative T2 launches new verification program, hires Discord engineering head as CTO

As Twitter begins its shift to a pay to play business model, a new Twitter alternative is preparing to take flight. T2, the seed-funded Twitter rival developed by Google and Twitter veterans, is ready to capitalize on Twitters upheaval with the launch of a verification program specifically targeting those who are poised to lose their [] Twitter alternative T2 launches new verification program, hires Discord engineering head as CTO by Sarah Perez originally published on TechCrunch

30 Mar 2023 10:37 pm