Thursday, April 13, 2023

Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI

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

Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI by Christine Hall originally published on TechCrunch

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This startup wants to train art-generating AI strictly on licensed images

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 […]

This startup wants to train art-generating AI strictly on licensed images by Kyle Wiggers originally published on TechCrunch

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With Bedrock, Amazon enters the generative AI race

Amazon is throwing its hat into the generative AI ring. But rather than build AI models entirely by itself, it’s recruiting third parties to host models on AWS. AWS today unveiled Amazon Bedrock, which provides a way to build generative AI-powered apps via pretrained models from startups including AI21 Labs, Anthropic and Stability AI. Available […]

With Bedrock, Amazon enters the generative AI race by Kyle Wiggers originally published on TechCrunch

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Otterize raises $11.5M to help developers securely connect software services

Tomer Greenwald, Uri Sarid and Ori Shoshan, software developers by trade, found themselves building and configuring software authentication and authorization mechanisms repeatedly — each time with a different tech stack. Frustrated with the process, they sought to create a platform that enables developers to focus on writing code rather than on constantly configuring server permissions. […]

Otterize raises $11.5M to help developers securely connect software services by Kyle Wiggers originally published on TechCrunch

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As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother

SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies.   The deal’s financial terms have not been disclosed, but the Singaporean VC firm aims to complete the acquisition this year.  Last month, SoftBank CEO Masayoshi Son’s younger brother […]

As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother by Kate Park originally published on TechCrunch

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Snap signs new music licensing deals to expand its Sounds library

Snap has signed a deal with multiple music labels to expand its Sounds library, the social app’s product that lets people use song clips in Snaps and Stories. The company said participating labels include US-based UnitedMasters, Netherlands-based BUMA/STEMRA, and SUISA Digital Licensing AG. This includes a repertoire of IP bodies including SUISA: Switzerland, AKKA/LAA: Latvia, […]

Snap signs new music licensing deals to expand its Sounds library by Ivan Mehta originally published on TechCrunch

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Google Maps is adding new features to make it easier to explore national parks

Google is introducing new Maps features to make it easier for users to navigate national parks using the app. The tech giant says the new updates are designed to help users find the information they need when visiting a national park, such as discovering things to do and finding your way around the park. With […] Google Maps is adding new features to make it easier to explore national parks by Aisha Malik originally published on TechCrunch
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Wednesday, April 12, 2023

Italy gives OpenAI initial to-do list for lifting ChatGPT suspension order

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 US-based company to stop […]

Italy gives OpenAI initial to-do list for lifting ChatGPT suspension order by Natasha Lomas originally published on TechCrunch

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Daily Crunch: Twitter CEO admits he purchased platform for $44B because ‘I kind of had to’

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

Daily Crunch: Twitter CEO admits he purchased platform for $44B because ‘I kind of had to’ by Christine Hall originally published on TechCrunch

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Elon Musk admits he only bought Twitter because he thought he’d be forced to

Elon Musk gave a rare interview to an actual reporter late on Tuesday, speaking to BBC reporter James Clayton on a Twitter Spaces. During the interview, Clayton pressed Musk on whether his purchase of Twitter was, in the end, something he went through with willingly, or whether it was something he did because the active […]

Elon Musk admits he only bought Twitter because he thought he’d be forced to by Darrell Etherington originally published on TechCrunch

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Truecaller brings live caller ID to iPhone… but with a catch

Truecaller has been a known name in the app market globally — thanks to its eponymous caller-identification service. Its active user base these days numbers 338 million, but it could be bigger: a lack of a caller ID feature on iOS has arguably held back its growth among iPhone users. Now, an effort to expand […]

Truecaller brings live caller ID to iPhone… but with a catch by Jagmeet Singh originally published on TechCrunch

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General Atlantic invests another $100 million in PhonePe

General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million as part of the ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the […]

General Atlantic invests another $100 million in PhonePe by Manish Singh originally published on TechCrunch

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Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa

Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Kepple Africa Ventures (VKAV) achieved its first close last March (at $20 million) and aims to attain its final close by the end of the year at $100 million; […]

Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa by Tage Kene-Okafor originally published on TechCrunch

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Talking with Future Ventures about its new fund, AI hype, and Siri sucking (still)

For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has become very formulaic in its fundraising. Now entering its fifth year, the firm just closed a $200 million fund – its third in a row. In fact, it would have exactly $600 million under management at this point if not […]

Talking with Future Ventures about its new fund, AI hype, and Siri sucking (still) by Connie Loizos originally published on TechCrunch

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