Meta says time spent on Instagram grew 24% thanks to TikTok-style AI Reel recommendations

Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday, with Meta CFO Susan Li joining CEO and founder Mark Zuckerberg to field questions from analysts about its results. Zuckerberg shared that time spent on Instagram has grown more than 24% since the company launched Reels on […]

Meta says time spent on Instagram grew 24% thanks to TikTok-style AI Reel recommendations by Darrell Etherington originally published on TechCrunch

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Meta beats revenue expectations, remains committed to metaverse

Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters. But this ray of light for the company formerly known as Facebook comes amid harsh restructuring, resulting in over ten thousand jobs eliminated this year. Tech moves through buzzwords like clockwork. […]

Meta beats revenue expectations, remains committed to metaverse by Amanda Silberling originally published on TechCrunch

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Daily Crunch: Lookout sells consumer security segment for $223M to become ‘pure-play enterprise company’

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

Daily Crunch: Lookout sells consumer security segment for $223M to become ‘pure-play enterprise company’  by Christine Hall originally published on TechCrunch

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Vinfast’s EV ambitions just got a $2.5B boost

Vietnamese EV automaker Vinfast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers. Billionaire Pham Nhat Vuong, who founded Vinfast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the […]

Vinfast’s EV ambitions just got a $2.5B boost by Kirsten Korosec originally published on TechCrunch

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UK’s TympaHealth sounds out $23M to expand its hearing diagnostics startup

The basic principle of Moore’s law — computing becoming more powerful yet more compact — is playing out in a number of fields, and one of the latest is coming from the world of audiology technology. TympaHealth, a London startup that has developed handheld hardware built around streamlined iPhone and Android devices, and corresponding software, […]

UK’s TympaHealth sounds out $23M to expand its hearing diagnostics startup by Ingrid Lunden originally published on TechCrunch

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EU warns Twitter over disinformation after Musk policy shifts found to boost Kremlin propaganda

Twitter was only confirmed yesterday as one of 19 major tech platforms subject to centralized oversight by the European Union’s executive starting this fall, when so-called very large online platforms (VLOPs) are expected to be compliant with the Digital Services Act (DSA). But the Commission has not wasted any time warning the Elon Musk-owned social […]

EU warns Twitter over disinformation after Musk policy shifts found to boost Kremlin propaganda by Natasha Lomas originally published on TechCrunch

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Instacart rolls out new ways for users to find deals on its app

Instacart is introducing a few new ways for users to find deals on its app, the company has announced. The app will now surface a new “You Items on Sale” section on a store’s page that will leverage Instacart’s AI recommendation systems to help users find personalized deals based on their past orders. There’s also […]

Instacart rolls out new ways for users to find deals on its app by Aisha Malik originally published on TechCrunch

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Workers are wary — but also optimistic — about AI

Workplaces are increasingly adopting AI. Workers are wary — but not necessarily opposed, depending on the application.

Workers are wary — but also optimistic — about AI by Kyle Wiggers originally published on TechCrunch

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Greycroft closes on over $1 billion across new funds

Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds. The firm’s two flagship vehicles, Greycroft Partners VII and Greycroft Growth IV, closed on more than $980 million, according to co-founder and managing partner Dana Settle — cash that’ll be put toward investing in […]

Greycroft closes on over $1 billion across new funds by Kyle Wiggers originally published on TechCrunch

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Tesla expands non-Tesla Supercharger access to China

Certain non-Tesla vehicles in China can now charge at selected Superchargers, the company said Tuesday. The expanded access will also be available at certain destination charging points, which are wall connectors available in public locations. To start, 10 Supercharging stations across Beijing and Shanghai, as well as 120 destination charge points in 25 provinces and […] Tesla expands non-Tesla Supercharger access to China by Rebecca Bellan originally published on TechCrunch
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Hyundai, GM partner with Korean battery makers to build US plants

Hyundai Motor Group and General Motors announced separately Tuesday plans to build electric vehicle battery plants in the U.S. in partnership with South Korean battery manufacturing firms. Hyundai will set up a $5 billion battery cell production joint venture in the U.S. with SK On, the company that is also working with Ford to set […]

Hyundai, GM partner with Korean battery makers to build US plants by Rebecca Bellan originally published on TechCrunch

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Colorado’s new right-to-repair law ensures tractor and wheelchair owners get the parts they need

Colorado’s governor signed a refreshingly straightforward “right-to-repair” bill into law this afternoon, requiring companies to provide resources like parts, firmware and manuals for devices that they previously kept secret and proprietary even if an owner wanted to do the repairs themselves. Colorado’s “Consumer Repair Bill of Rights Act” is one of many such bills that […]

Colorado’s new right-to-repair law ensures tractor and wheelchair owners get the parts they need by Devin Coldewey originally published on TechCrunch

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Hear how Cambrian BioPharma is reinventing drug (and drug company) development

I’m thrilled to announce this TechCrunch Live event. The startup Cambrian BioPharma is developing a life-changing technology while pioneering a radical approach to a pharmaceutical company. Don’t miss this TechCrunch Live taking place on May 3 at 12 p.m. PDT. Register here. It’s free to watch and participate. Cambrian BioPharma bills itself as a new […]

Hear how Cambrian BioPharma is reinventing drug (and drug company) development by Matt Burns originally published on TechCrunch

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AI startup Runway launches app to bring users video-to-video generative AI

Runway, an AI startup that helped develop the AI image generator Stable Diffusion, launched its first mobile app yesterday to give users access to Gen-1, its video-to-video generative AI model. The app is currently only available on iOS devices. With the new app, users will be able to record a video from their phones and […]

AI startup Runway launches app to bring users video-to-video generative AI by Lauren Forristal originally published on TechCrunch

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Big-time VCs link arms for climate coalition

About two-dozen venture capital firms say they are teaming up to “build a robust movement” in the VC business to combat the climate crisis. The group calls itself the Venture Climate Alliance, or VCA. The coalition counts well-known tech investors, including Kleiner Perkins, Tiger Global and Union Square Ventures as members, and said in a […]

Big-time VCs link arms for climate coalition by Harri Weber originally published on TechCrunch

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