Friday, March 29, 2024

Databricks’ GPT rival and who’s investing in “underdog” founders

Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories and themes from the week. As the week comes to a close, we’re also shutting the book on the trial […]

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Thursday, March 28, 2024

Google hints that Apple is set to support RCS by this fall

Google briefly showed a section on the new Google Messages page claiming that Apple is set to roll out Rich Communication Services (RCS) support for iPhones this fall. This indicates that the iPhone maker is likely to extend RCS support in with the upcoming iOS 18 update. The page, spotted first by 9to5Google, had details […]

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X’s Grok chatbot will soon get an upgraded model, Grok-1.5

X.ai, Elon Musk’s AI startup, has revealed its latest generative AI model, Grok-1.5. Set to power social network X’s Grok chatbot in the not-to-distant future (“in the coming days,” X.ai writes in a blog post), Grok-1.5 appears to be an upgrade over its predecessor, Grok-1 — at least judging by the benchmark results and specifications […]

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Byju’s founder floats share offer to make peace with estranged investors

Byju Raveendran, the founder of embattling edtech group Byju’s, has made a last-ditch attempt to placate the Indian startup’s disgruntled investors, informing them that the board is weighing an offer of renounced shares to prevent dilution of their holdings. In an email to shareholders Friday morning, a copy of which TechCrunch has reviewed, Raveendran said […]

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Apple dismisses Microsoft monopoly comparisons

A week after finding itself at the business end of a landmark lawsuit from the United States Department of Justice, Apple is staunchly denying any parallels between itself and Microsoft in the 1990s. It’s a comparison into which the U.S. Attorney General Merrick Garland leaned heavily in last week’s filing. While portions of the United […]

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Uber Eats courier’s fight against AI bias shows justice under UK law is hard won

On Tuesday, the BBC reported that Uber Eats courier Pa Edrissa Manjang, who is Black, had received a payout from Uber after “racially discriminatory” facial recognition checks prevented him from accessing the app, which he had been using since November 2019 to pick up jobs delivering food on Uber’s platform. The news raises questions about […]

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LinkedIn targets users caught between TikTok and what used to be Twitter

Two weeks ago, TechCrunch broke the news that LinkedIn was getting into games, helping users “deepen relationships” through puzzle-based interactions. And on Wednesday, TechCrunch reported that the Microsoft-owned social network was experimenting with short-form videos. It’s as if LinkedIn is targeting a whole new “type” of user — one caught in limbo somewhere between two […]

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After spat with TikTok, UMG expands Spotify partnership to include music videos and more

In the wake of Universal Music Group’s (UMG) public spat with TikTok, which saw the label pulling its full catalog from the video app earlier this year, the company is doubling down on its deal with Spotify. On Thursday, UMG announced an expansion of its strategic relationship with the streaming music service that will focus […]

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Google will soon roll out on-device AI-powered features on Pixel 8

Google announced today that it will soon roll out on-device AI-powered features such as recording summaries and smart replies on the Pixel 8. These features will be based on Gemini Nano, a small-sized model Google released last year, primed to run on devices. The company said that Summerizer in Recorder and Smart Reply in Gboard […]

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Why a16z-backed Wonderschool is acquiring EarlyDay

Wonderschool, a startup that provides software and support to help individuals and local governments spin up childcare businesses, has acquired EarlyDay, which operates an early childhood educator marketplace. TechCrunch has covered Wonderschool since its infancy, including both of its seed rounds and its Series A (led by Andreessen Horowitz). Terms of the deal were not […]

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Coro, building cybersecurity for SMBs, locks down $100M at a $750M valuation

Enterprises and other large organizations have long been a lucrative and obvious target for cybercriminals, but in recent years — thanks to more sophisticated breach techniques and the rise of AI — small and medium businesses are now also very much on the map. Now, Coro — one of the startups building tools specifically for […]

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India’s tribunal court allows Byju’s to proceed with crucial EGM

Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday. The National Company Law Tribunal refused to stay on Thursday Byju’s planned EGM to increase the authorized share capital for the $200 million rights issue. The matter […]

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