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Saturday, Apr 27

23

TikTok faces a ban in the US, Tesla profits drop and healthcare data leaks

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Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering this week’s noteworthy happenings in tech. TikTok’s fate in the U.S. looks uncertain after President Joe Biden signed a bill that included a deadline for…

Will a TikTok ban impact creator economy startups? Not really, founders say

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President Joe Biden signed a bill on Wednesday that could ban TikTok – for real this time. After so many false starts and stops, some creator economy founders and their clients are rolling their eyes. They’ve been through this before. “I…

21

Investors won’t give you the real reason they are passing on your startup

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“When an investor passes on you, they will not tell you the real reason,” said Tom Blomfield, group partner at Y Combinator. “At seed stage, frankly, no one knows what’s going to fucking happen. The future is so uncertain. All they’re…

19

Deal Dive: Givebutter is turning a profit making tech for nonprofits

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Givebutter recently raised $50 million for its CRM platform for nonprofits as startups building tech for that industry gain momentum.

18

The ‘valley of death’ for climate lies between early-stage funding and scaling up

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It's easier for climate companies to get enough funding to get started. It's much harder once they need money to scale.

17

A wrestling match over who should control robotaxis is playing out in California

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Cities around the country have long been crying out for more control over how autonomous vehicles are deployed on their streets. In California, they might finally get their wish. A handful of AV-related bills, which made progress this…

16

Creators of Sora-powered short explain AI-generated video’s strengths and limitations

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OpenAI’s video generation tool Sora took the AI community by surprise in February with fluid, realistic video that seems miles ahead of competitors. But the carefully stage-managed debut left out a lot of details — details that have been…

01

How Rubrik’s IPO paid off big for Greylock VC Asheem Chandna

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Asheem Chandna says he was so impressed with founder Bipul Sinha's grit and tech, he led Rubrik's $40 million Series B in 2015.

Friday, Apr 26

00

Photo-sharing community EyeEm will license users’ photos to train AI if they don’t delete them

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EyeEm, the Berlin-based photo-sharing community that exited last year to Spanish company Freepik, after going bankrupt, is now licensing its users’ photos to train AI models. Earlier this month, the company informed users via email that it…

23

Meta AI tested: Doesn’t quite justify its own existence, but free is free

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Meta’s new large language model, Llama 3, powers the imaginatively named “Meta AI,” a newish chatbot that the social media and advertising company has installed in as many of its apps and interfaces as possible. How does this model stack…

22

So are we banning TikTok or what? Also: Can an influencer really tank an $800M company?

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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Ticktock, TikTok: It’s been a wild week for TikTok. Even as the company starts…

20

The IBM-HashiCorp coupling could be more complicated than it seems

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At a quick glance, the IBM-HashiCorp deal seems like a good one for both sides, but upon closer inspection, perhaps not.

Curio raises funds for Rio, an ‘AI news anchor’ in an app

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AI may be inching its way into the newsroom, as outlets like Newsweek, Sports Illustrated, Gizmodo, VentureBeat, CNET, and others have experimented with the format. But while most respectable journalists will condemn this use case, there…

19

TechCrunch Minute: Rabbit’s R1 vs Humane’s Ai Pin — which had the best launch?

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After a successful unveiling at CES, Rabbit is letting journalists try out the R1 — a small orange gadget with an AI-powered voice interface. This comes just weeks after the launch of the Humane Ai Pin, which is similarly pitched as a new…

Disrupt 2024 speaker applications close at midnight

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Act fast! Applications for our Call for Content close today, April 26 at 11:59 p.m. PT. If you’re a seasoned startup pro ready to lead a session at TechCrunch Disrupt on October 28-30, now’s your chance to apply! Send in your proposal to…

Pitch Deck Teardown: NOQX’s $200K pre-seed deck

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Aside from the crucial omission of an Ask and Use of Funds slide, just about every slide in the deck felt almost very good — but then stumbled by overlooking an important detail.

18

OpenAI Startup Fund quietly raises $15M

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The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche.…

17

Google’s new ‘Speaking practice’ feature uses AI to help users improve their English skills

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Google is testing a new “Speaking practice” feature in Search that helps users improve their conversational English skills. The company told TechCrunch that the feature is available to English learners in Argentina, Colombia, India,…

Area man, Twilio co-founder Jeff Lawson, buys The Onion

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Jeff Lawson, co-founder and recently departed CEO of Twilio, is the proud new owner of satirical online newspaper The Onion.

Despite complaints, Apple hasn’t yet removed an obviously fake app pretending to be RockAuto

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Apple’s App Store isn’t always as trustworthy as the company claims. The latest example comes from RockAuto, an auto parts dealer popular with home mechanics and other DIYers, which is upset that a fake app masquerading as its official app…

Good news for Rubrik, bad news for TikTok and medium news for early-stage startups

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Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break…

15

Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal

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Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion.

14

Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse

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The National Highway Traffic Safety Administration closed a long-standing investigation into Tesla’s Autopilot driver assistance system after reviewing hundreds of crashes involving its misuse, including 13 that were fatal. At the same…

Shein to face EU’s strictest rules for online marketplaces

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Ultra-fast fashion e-commerce giant Shein will be subject to an additional layer of governance rules targeted at very large online platforms (VLOPs) under the European Union’s Digital Services Act (DSA), the Commission announced Friday.…

12

Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund

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Global Founders Capital, the Berlin-based early-stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a…

07

xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders

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xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the…

03

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

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Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank…

The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.

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The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require their employees, that aren’t senior executives, to wait a set amount of time before joining a…

02

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn

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Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture…

Defense startup True Anomaly lays off around 25%, cancels summer internship

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Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.