Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Mary Ann, Natasha and Alex enjoyed the warming climate and the fact that there are some positive vibes in the venture market as well. Hell, we even had a nine-figure round
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Opportunities abound as new rules push EVs to the forefront Tim De Chant 7 hours If there was any question as to whether the Biden administration is serious about the electrification of the U.S. economy, this week’s announcement of new automotive emissions regulations should put that to rest — along with any doubts investors have
A shiny new data transfers deal between the European Union and the United States aimed at fixing costly legal uncertainty over exports of personal data isn’t in place yet but the European Parliament’s civil liberties committee is predicting the incoming EU-U.S. Data Privacy Framework (DPF) won’t survive a legal challenge — just as its two
Spotify is closing down Heardle, the Wordle-inspired music guessing game it acquired last July for an undisclosed sum. Similar to Wordle, Heardle offers players six tries to guess a popular song — but instead of typing in different letters to form words, players listen to a song’s intro to guess the artist and title. At
Former BitPay Chief Commercial Officer Sonny Singh, who invested in FTX in 2020 when it was valued at $16 billion, joins Caroline Hyde and Ed Ludlow to discuss the FTX empire fallout, the impact on the wider crypto space, and what other crypto companies he thinks might crash. ——– Like this video? Subscribe to Bloomberg
Things could’ve been worse, I guess. Companies with all female-founding teams raised about $800 million, or 2.1%, out of the estimated $37 billion invested in U.S. startups in Q1 2023, according to PitchBook. In dollar terms, that is a 53% year-over-year decline from the $1.7 billion all-female founding teams raised in Q1 2022. The decline
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. Happy Thursday, Crunchers! If you’ve been to Disrupt before, you’ll remember we had a stage or two or three. This year, we’re going all out, with a bunch of tracks to tickle
But first it’ll have to prove its business model Tim De Chant 9 hours We’ve spent the last century and a half pumping carbon dioxide into the atmosphere, and it’s clear that we’ll have to spend the coming decades removing a significant fraction of that. But then what do we do with it all? Some
In the past couple of weeks, already an ice age ago in AI hype terms, a number of very well known names in tech (Elon Musk! Woz!) signed an open letter calling for a halt on the development of AI models more powerful than OpenAI-s GPT-4 — arguing humanity needs time for planning and management
Spotify today is introducing new technology that will give radio broadcasters the ability to turn their existing audio content into podcasts, or what it’s calling “broadcast-to-podcast.” Based on IP Spotify acquired in late 2021 from an Australia-based podcast tech company Whooshkaa, the feature set will be integrated into Spotify’s enterprise podcast tech platform Megaphone, where it’s
Elevate, a consumer benefits administration platform, today announced that it raised $28 million in a funding round led by Anthemis with participation from Fin Capital Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures. The new cash, which brings Elevate’s total raised to $43 million, will be put toward product development, hiring and customer acquisition,
Alex Circei Contributor Alex Circei is the CEO and co-founder of Waydev, a development analytics tool that measures engineering teams’ performance. More posts by this contributor Insider hacks to streamline your SOC 3 certification application 4 lessons I learned about getting into Y Combinator (after 13 applications) While the past few years saw a big
When the financial markets go all wobbly, conservative investors turn to scarce resources that are unlikely to plummet in value, including things like silver, gold, palladium and platinum. Diamond Standard wants to add diamonds to that list and has created a blockchain-based system to create tokens that gives investors access to diamonds, much like how
Spain’s data protection authority, the AEPD, has followed Italy’s lead and announced a preliminary investigation of ChatGPT-maker OpenAI over suspected breaches of the European Union’s General Data Protection Regulation (GDPR). At the end of last month, Italy’s DPA ordered OpenAI to stop processing locals’ data — over a range of suspected breaches of the GDPR
Comixology was genuinely a gamechanger. Before the platform came along, I knew very few people who had ever read a comic on a phone or tablet. There was entirely too much friction in the process to prioritize screens over print. The app proved a viable option, courtesy of a stocked store and a clever UI
Ira Lam Contributor Ira Lam is chief legal officer at SuperLayer, a web3 venture studio for launching new multi-chain, tokenized consumer products. The full magnitude of the impact of the current market volatility in the wake of the collapse of FTX is still unknown. The dominoes keep falling and it is hard to predict how
Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a legal case that alleges they infringed on the rights of millions of artists by training their tools on web-scraped images. Separately, stock image supplier Getty Images
Meet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. The startup just raised a $13 million Series A round. This round was led by Singular, with a New-York based fund managed by Itai Tsiddon and Belgian investment firm CNP (Groupe Frère) also participating. Fly Ventures, an existing shareholder
The time has finally come for Warner Bros. Discovery (WBD) to reveal details about its highly anticipated streaming service, which combines HBO Max and Discovery+ content. During a press event today, the company announced the name, launch date, price, new features and upcoming content slate. The new streamer is called Max and is rolling out
Gregory Robinson, James Webb telescope program director for NASA, discusses the completion, launch and revelations of the newest, deep space NASA telescope. He speaks with David Westin on Bloomberg’s “Balance of Power.”
As many private companies try to avoid raising capital in the current market, it’s become significantly harder to figure out what companies are actually worth. But a market that’s traditionally even less transparent than venture is providing clues. The secondary market, where investors can buy and sell existing stakes in a startup or fund, offers
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. Good morning, you glorious souls. Have you stretched today? As you’re settling in for the newsletter and the top stories from TechCrunch for today, can you grab yourself a glass of water?
Device42, a startup that helps companies understand and manage their hybrid infrastructure, can see a lot of information about each customer’s hardware and software usage. The company decided to use that ability to look at how each part of the system was contributing to carbon emissions. “Our focus as a platform is to discover IT
Italy’s data protection watchdog has laid out what OpenAI needs to do for it to lift an order against ChatGPT issued at the end of last month — when it said it suspected the AI chatbot service was in breach of the EU’s General Data Protection Regulation (GDPR) and ordered the U.S.-based company to stop
Among the many announcements during today’s Warner Bros. Discovery press event, the company revealed it greenlit a new Game of Thrones prequel called “A Knight of the Seven Kingdoms: The Hedge Knight.” A release date has yet to be announced, but the show will eventually debut on Max, WBD’s new streaming service. “A Knight of
Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The question implied that the way deals were done in the past couple of years, mostly during late-2020 and nearly all of 2021, were the exception, not the rule, and venture investing was returning to
The pace at which new billion-dollar startups are minted is in freefall. Given what we’ve seen recently concerning the late-stage funding market, we shouldn’t be shocked. As late-stage dollars retreat and capital served up in mega-rounds — deals worth $100 million or more — evaporates, the fuel that once lifted many a startup rocket into
Nonprofit Arts Help is launching a $6 million fund to build the world’s first digital climate library to provide public access to the archives of the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC, which was formed in 1992, has more than 1.7 million paper documents related to the treaty, many of which
As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. Many of these new entrepreneurs do the vast majority of work on their phones. This is especially true in emerging markets like Latin America, where SMEs comprise 99.5% of firms in the region. In Mexico, for instance, 97.4%
India’s smartphone exports have more than doubled, reaching over $11 billion in the fiscal year that ended in March, according to trade data examined by the industry body India Cellular and Electronics Association and government officials, underscoring the South Asian market’s growing ambition to become a global hardware manufacturing hub. Smartphone exports of $11.2 billion
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