Stability AI, Hugging Face and Canva back new AI research nonprofit

Developing cutting-edge AI systems like ChatGPT requires massive technical resources, in part because they’re costly to develop and run. While several open source efforts have attempted to reverse-engineer proprietary, closed-source systems created by commercial labs such as Alphabet’s DeepMind and OpenAI, they’ve often run into roadblocks — mainly due to a lack of capital and […]

Stability AI, Hugging Face and Canva back new AI research nonprofit by Kyle Wiggers originally published on TechCrunch

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Brinc’s Lemur 2 straps on blue strobes and is ready for action

Drone developer Brinc today showed off its newest drone, designed to help cops and others who care about public safety do their jobs from a safe distance. The new quadcopter is called Lemur 2 and is tooled up and ready to go into areas that otherwise would be too dangerous for humans. The new drone […]

Brinc’s Lemur 2 straps on blue strobes and is ready for action by Haje Jan Kamps originally published on TechCrunch

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Brave Search launches an AI-powered summarization feature

It is raining AI-powered features all across search engines. Today, Brave Search launched a new “Summarizer” feature, which is powered by different large langue models (LLMs) — OpenAI’s GPT tech isn’t one of them. Just like the name suggests, its job is to provide a synopsis of a search query using different sources. The summary […]

Brave Search launches an AI-powered summarization feature by Ivan Mehta originally published on TechCrunch

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Felicis funded 50% more deals last year than in 2021, some as prices were still rising — and it says it has no regrets

Felicis, a now 17-year-old, San Francisco- and Menlo Park-based venture firm, is announcing today that it has closed its ninth flagship fund with $825 million, compared with the $600 million core fund that it announced in the summer of 2021. The vehicle brings the firm’s total assets under management to exactly $3 billion, and it […]

Felicis funded 50% more deals last year than in 2021, some as prices were still rising — and it says it has no regrets by Connie Loizos originally published on TechCrunch

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Pitch Deck Teardown: Gable’s $12M Series A deck

There’s a lot of things worth celebrating about Gable’s deck, and it does a good job walking through the company's challenges. But it isn't perfect.

Pitch Deck Teardown: Gable’s $12M Series A deck by Haje Jan Kamps originally published on TechCrunch

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Chamath Palihapitiya: It could take three years for the market to ‘accurately’ reprice late-stage cos

Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering in the era of special purpose acquisition companies, or SPACs, beginning in the fall of 2019, when he helped Virgin Galactic become a publicly traded […] Chamath Palihapitiya: It could take three years for the market to ‘accurately’ reprice late-stage cos by Connie Loizos originally published on TechCrunch
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Tweetbot and Twitterific ask customers to decline refunds in rare App Store exception

Twitter last month officially banned third-party clients putting a sudden end to popular apps including Tweetbot, Twitterific, and others. Now, in an unusual turn of events, two developers this week have updated their shuttered apps with new functionality: they’re asking their subscribers to decline to receive a refund by clicking a new “I don’t need […]

Tweetbot and Twitterific ask customers to decline refunds in rare App Store exception by Sarah Perez originally published on TechCrunch

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Daily Crunch: Chase and DoorDash deliver new co-branded credit card with loyalty rewards

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Chase and DoorDash deliver new co-branded credit card with loyalty rewards by Christine Hall originally published on TechCrunch

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Salesforce strikes back

It would be an understatement to say that Salesforce has been having a rough ride of late — from activist pressure to executive departures and layoffs — it seems like everyone was piling onto a company that was already struggling as profits declined. It needed a strong quarter, and all indications were they wouldn’t get […]

Salesforce strikes back by Ron Miller originally published on TechCrunch

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Thoughtworks lays off around 500 employees amid ongoing slowdown

Thoughtworks has emerged as the latest tech company to join the ongoing trend of laying off employees amid the global economic slowdown. The software consultancy firm laid off about four percent of its global workforce — approximately 500 employees — a figure that the company did not dispute when reached for comment on Wednesday. TechCrunch […]

Thoughtworks lays off around 500 employees amid ongoing slowdown by Jagmeet Singh originally published on TechCrunch

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Varo, Stripe said to be raising new funds at much lower valuations

With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. This week alone, it was reported that Varo was raising a $50 million equity round led by Warburg Pincus at a “significantly” lower valuation. According to Fintech Business Weekly, the struggling neobank would […]

Varo, Stripe said to be raising new funds at much lower valuations by Mary Ann Azevedo originally published on TechCrunch

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Does web3 need a venture bailout now that AI has all the hype?

Shifting investor priorities, more expensive cash and a dearth of large deals could leave many late-stage web3 companies short on cash. And the clock is ticking.

Does web3 need a venture bailout now that AI has all the hype? by Alex Wilhelm originally published on TechCrunch

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Elliott has nominated its own slate of candidates for Salesforce board

Elliott Management, one of five activist investors working inside of Salesforce, has nominated a slate of candidates to the Salesforce board of directors. This move, which was confirmed by sources to TechCrunch, is an indication that negotiations to resolve this without getting to this point have broken down. CNBC was first with this news. “Elliott […]

Elliott has nominated its own slate of candidates for Salesforce board by Ron Miller originally published on TechCrunch

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TIDAL will cut ‘direct artist payout’ program to invest more in emerging artists

The Block-owned music streaming service TIDAL is shifting the way it pays artists after an experimental program failed to generate results. Unlike Spotify and other market leaders, which pay musicians small fractions (…of fractions) of pennies for each play, TIDAL has taken a more imaginative approach to artists payouts. The platform, which targets consumers who […] TIDAL will cut ‘direct artist payout’ program to invest more in emerging artists by Amanda Silberling originally published on TechCrunch
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Daily Crunch: Remote workspace platform Gable raises $12M Series A

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Remote workspace platform Gable raises $12M Series A by Christine Hall originally published on TechCrunch

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