Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Generative AI isn’t just about creative endeavors and parlor tricks. Investors and Big Tech alike are betting that it will also affect enterprise infrastructure
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Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Tech’s guiding principles these days aren’t too difficult to find: discipline, focus and cash conservation. But I’ve always found those same focuses to be especially in conflict with
BI senior tech analysts Robert Schiffman and Anurag Rana preview the 1Q earnings season. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: https://tinyurl.com/ycyevxda Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology
It isn’t often that startup rivals battle in plain view of others, but such is the case with the mobile messaging services provider Postscript, which took to the Twitterverse earlier this month after receiving a cease-and-desist letter from competitor Attentive. Attentive’s letter was in response to a client case study that Postscript had authored and
Social media can be a great tool for startups to gain visibility and garner a following among investors and customers, but coming up with a winning strategy may seem like a daunting task. Each platform mandates a different strategy and comes with its own set of guidelines. More importantly, each draws an audience specific to
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. On today’s episode of our Equity podcast, the team dives in to ponder whether First Republic’s share tumble is a victim of SVB’s collapse, or whether there’s something else in the water.
OpenAI, the startup behind the widely used conversational AI model ChatGPT, has picked up new backers, TechCrunch has learned. VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global picking up new shares, according to documents seen by TechCrunch. A source tells us Founders Fund is also investing. Altogether the VCs have
States have taxed motorists at the pump for more than a century. Yet, as electric cars gain ground, what happens when folks stop refueling altogether? State lawmakers are increasingly imposing annual fees on EV owners, arguing they should pay up because they still rely on public infrastructure to get around. Texas is on track to
The prospect of contacting a satellite to send a text or contact emergency services may soon be an effortless reality as startups move from proof of concept to actual product. Canadians on the Rogers network, which just inked a deal with Lynk, will get direct satellite-phone connections across the country; and not to be outdone,
“Black Mirror” is officially returning this June, Netflix announced today, bringing viewers a sixth season that will potentially make them feel like we’re all inching closer to a grim, tech-infused dystopian reality. Alongside the announcement, Netflix released the first teaser for season 6, featuring a space station in orbit, a haunting smiley face emoji that
The recent, and now past, venture capital boom was a global affair. While traditionally busy markets like North America and Europe benefited from the explosion in capital, other regions with more nascent startup scenes also saw big gains in their ability to attract funding. Southeast Asia is a frequently noted example of the phenomenon. Latin
I celebrated a friend’s birthday with a large group a few days ago and realized how hard it is to tell who can’t carry a tune when the entire room is singing the same song. The same holds true for B2B SaaS startups: because so many are generally focused on LTV:CAC ratios, it can be
The future is very much yet to be written about vertical farming. In many ways, the technology presents hope in the midst of rising food safety concerns, aging populations and potential environmental collapse. It’s also an intensely hard row to hoe, as it were. Early companies in the space are going to be the ones
A few days after OpenAI announced a set of privacy controls for its generative AI chatbot, ChatGPT, the service has been made available again to users in Italy — resolving (for now) an early regulatory suspension in one of the European Union’s 27 Member States, even as a local probe of its compliance with the
Fireside, the Mark Cuban-backed interactive entertainment app, has now confirmed its $25 million Series A, valuing the business at $138 million, post-money. The company had been rumored to be raising at a $125 million valuation last year, after attracting a number of high-profile creators to its streaming platform for live and virtual shows. The funding
Runway CEO Cris Valenzuela joins Caroline Hyde and Ed Ludlow to discuss the rise of investor interest in generative AI, its impact on the creative process, and how the investing landscape has changed for AI founders compared to when he first started the company four years ago. ——– Like this video? Subscribe to Bloomberg Technology
Clubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff. The startup’s co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post. Those who were impacted will receive severance
Gary Sabin Contributor Most conversations around personas happen with the marketing or product teams. These groups use personas to define typical customers by their demographics, likes, values, backgrounds, goals, challenges, aspirations, etc. A persona profile includes a picture and some statements representing the person. It might include where to reach that person, especially for marketing
The European Union has confirmed the names of over a dozen platforms that will face the strictest level of regulation under its recently rebooted and expanded ecommerce rules, aka the Digital Services Act (DSA). The list is a mix of familiar digital services, from social media apps to search engines and app stores — with
YouTube Music contractors have officially unionized with the Alphabet Workers Union-CWA after winning an historic vote through the National Labor Relations Board (NLRB). Forty-one workers voted yes out of a total of 49 eligible voters; the remaining eight workers did not vote. This election has meaningful implications for Google beyond YouTube Music. The union earned
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Thursday is here — how in the world did that happen? Those days, they just keep on coming. If you’re still on the fence about whether you want to come along to
Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in
The concept of SaaS as a business model changed the game in tech by moving users away from buying software outright and towards paying for service availability based on time-based subscriptions, typically with per-month or annual pricing. Today, a startup out of London called M3ter that is building tools to take the next step in
Warner Bros. Discovery has found a new partner to bring HBO content to India: Mukesh Ambani-backed Viacom18. HBO Original, Max Original and other Warner Bros. television series will arrive on JioCinema next month and will air shows “on the same day as the U.S.,” Warner Bros. and Viacom18 said in a statement. The “exclusive” content
Careerist claims it closed an $8 million round of funding with a tight 12-slide deck, and gave us a lot to learn from in the process. Not all in good ways, but I’m getting slightly ahead of myself. We’re looking for more unique pitch decks to tear down, so if you want to submit your
Chief, a professional network designed for women in leadership, has cut 14% of staff, or 43 jobs today, saying in an email seen by TechCrunch that the move is a response to the economy and that the outfit is restructuring to further focus on member experience. The layoff largely hit Chief’s U.S. employees as the
Every day, strong gusts off the North Atlantic buffet hundreds of wind farms in Ireland, generating so much energy that owners often have no one to sell it to, forcing them to dump otherwise useful power. “12 to 14% of our potential generation goes into surplus. In Northern Ireland, it’s at 18%,” said Derek Roddy,
Meta’s earning call yesterday was upbeat on better than expected revenue for the quarter. However buried in its disclosures to investors is a stark warning on looming regulatory risk it’s facing in Europe — where a decision is expected in a matter of weeks (by May 12) that could see the tech giant ordered to
If you find smartphone notifications annoying enough already thanks to their skill at exploiting the full range of distraction options available, whether dropping a banner from above or sprinkling pox-like red balls over your homescreen icons so as to lodge like grit in the eye, you should prepare yourself for even less subtle demands bubbling
YouTube Music is officially adding podcasts to its platform in the United States on Android, iOS and the web. The rollout comes a few months after YouTube podcasting head Kai Chuk revealed that podcasts would be added to YouTube Music soon. The update allows users watching podcasts on the main app to continue listening to them
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