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Showing posts from August, 2023

Robotics sales decline for second straight quarter amid economic woes

Sooner or later, the numbers were going to contract. Broadly speaking, the pandemic has been a gamechanger for automation broadly and robotics specifically. But not even those categories are immune from macro trends. Per new numbers from the Association for Advancing Automation (A3) — whose job it is to track such things — North American […] from TechCrunch https://ift.tt/KFf3Uzj

Texas cannot yet enforce ID checks on porn sites

A Texas judge issued an injunction today to stall the enforcement of an online age verification bill. The Free Speech Coalition, along with adult video sites like Pornhub, led the legal challenge against Texas’ HB 1181, arguing that the bill violates the First Amendment and infringes on rights guaranteed by Section 230. “The Court agrees […] from TechCrunch https://ift.tt/9sUGPgr

Lowering costs nets Salesforce a profitable quarter, but can it keep it up?

Salesforce had a better quarter than expected, but it's reporting and forecasting those results based on prior work, to a real degree. from TechCrunch https://ift.tt/eU12Cfy

OpenAI angles to put ChatGPT in classrooms with special tutor prompts

OpenAI wants its conversational AI agent ChatGPT everywhere, and that includes classrooms — despite the immense potential for misuse and confusion there. Taking the bull by the horns, the company has proposed a few ways for teachers to put the system to use… outside its usual role as “research assistant” for procrastinating students. The chatbot […] from TechCrunch https://ift.tt/PJS8jdW

Generative AI startup AI21 Labs lands $155M at a $1.4B valuation

AI21 Labs, a Tel Aviv-based startup developing a range of text-generating AI tools, has raised $155 million in a Series C funding round led by Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and Amnon Shashua, the founder of Intel-owned Mobileye and an AI21 Labs co-founder. Google and Nvidia also participated. The tranche, which brings AI21 […] from TechCrunch https://ift.tt/NBReFWh

Substack introduces new AI-powered audio transcription tools

Substack is introducing new AI-powered tools that are designed to make podcasting on the platform easier, the company announced on Wednesday. With these new tools, users can easily generate transcripts and audiograms. Users can now use an AI tool to create a transcript of their podcast episode or narration in about a minute. Once you […] from TechCrunch https://ift.tt/EC86K0O

Firefly and Millenium enter “hot standby phase” for high-stakes Space Force mission

The clock is ticking for Firefly Aerospace and Millennium Space Systems, with the two companies announced today that they have entered the “hot standby phase” for an orbital mission for the U.S. Space Force. The exact launch date of the Victus Nox mission, Firefly’s third mission using the Alpha rocket, is unknown. This is by […] from TechCrunch https://ift.tt/0ukCt5a

Savor the complete SaaS Stage agenda at TechCrunch Disrupt 2023

Software as a service (SaaS) is an ever-evolving industry, especially now with AI changing the software landscape yet again. It’s why we dedicated a day and a stage to the topic at TechCrunch Disrupt 2023. We teased some of the programming a few weeks back, and today we’re excited to announce that the SaaS Stage […] from TechCrunch https://ift.tt/YnIQjgf

Instagram is internally testing the ability to create Reels up to 10 minutes long

Instagram is internally testing the ability to create Reels that are up to 10 minutes in length, the company confirmed to TechCrunch on Wednesday. The social media giant says it is not testing the capability externally. The feature was first uncovered by reverse engineer Alessandro Paluzzi, who shared screenshots of the internal prototype on X. […] from TechCrunch https://ift.tt/xGmBn3r

DeepMind partners with Google Cloud to watermark AI-generated images

In partnership with Google Cloud, Google Deepmind, Google’s AI research division, is launching a tool for watermarking and identifying AI-generated images. But only images created by Google’s own image-generating model. The tool, called SnythID and available in beta for select users of Vertex AI, Google’s platform for building AI apps and models, embeds a digital […] from TechCrunch https://ift.tt/NlXunSI

Starfish Space pulls Otter Pup servicing vehicle back from “the brink of death”

Against all odds, Starfish Space has managed to pull its first orbital mission back from the brink of catastrophe, with the startup saying Tuesday that it has re-gained control over the Otter Pup spacecraft that had been rapidly tumbling through space. The Kent, Washington-based startup said it will now move ahead with an “extensive checkout” […] from TechCrunch https://ift.tt/gDSO7aL

Meta avatars are finally getting legs (in beta)

It’s time to beta test Meta’s greatest technological innovation since the News Feed: legs. Now on Meta Quest headsets, you can download an update that lets you walk on two feet, just like our ancient ancestor, the Ardipithecus ramidus, an early hominid that achieved bipedality 4.4 million years ago. Now, it comes full circle. When […] from TechCrunch https://ift.tt/cP16UVp

Announcing the complete AI Stage agenda at TechCrunch Disrupt 2023

AI — the tech that’s everywhere and touching everything — keeps evolving at a pace that’s surprising even in an industry where change is just about the only constant. It’s complicated, unregulated, thrilling and unnerving all at once. At TechCrunch Disrupt 2023, we’re dedicating a day and a stage to this galloping industry — and […] from TechCrunch https://ift.tt/BTKFQzc

As appeals court rules in favor of Grayscale, a bitcoin spot ETF could be on the horizon

The ruling is in response to Grayscale’s lawsuit against the SEC, which denied the firm’s application to convert its Grayscale Bitcoin Trust into an ETF. from TechCrunch https://ift.tt/M1XKFiZ

Astra’s Apollo Fusion acquisition followed by delays and desertion

Two years ago, Astra hailed its acquisition of satellite propulsion startup Apollo Fusion as a strategic move that would round out its launch business and bring expert engineers into the fold. But under Astra leadership, Apollo Fusion quickly disintegrated, with the majority of the original team resigning, leaving few people to staff the one part […] from TechCrunch https://ift.tt/r23gbOQ

Uber Eats is reportedly developing an AI chatbot that will offer recommendations, speed up ordering

Uber Eats is developing an AI-powered chatbot that will offer recommendations to users and offer them a quicker way to place orders, according to a new report from Bloomberg. The report says developer Steve Moser discovered details about the chatbot inside of code hidden within the Uber Eats app. The chatbot will ask users about […] from TechCrunch https://ift.tt/WBYI8Ce

Survey finds relatively few Americans actually use (or fear) ChatGPT

From its prominence in the tech world, you might think that everyone on the planet is using ChatGPT or some other AI tool for everything from automating their job to planning their garden. But recent Pew polling suggests the language model isn’t quite as popular or threatening as some would have you think. Ongoing polling […] from TechCrunch https://ift.tt/ySl37iM

Connections is the New York Times’ most played game after Wordle

The gamers behind the Gray Lady have a new game to add into our morning rotations: Connections , which invites the player to categorize 16 words or phrases into four distinct groups of four. The daily puzzle game debuted in beta on June 12, and according to the New York Times, it’s now the paper’s second most popular game — of course, Wordle holds the top spot. This is an impressive feat for the game, since until today, it was only playable on web browsers. But now, the game will be integrated into the New York Times and New York Times Games apps on iOS and Android, bringing in even more players. “Each day reveals a clever, thoughtful, relevant, human-made puzzle that tries to trick you, and makes the challenge of solving it extremely rewarding,” said New York Times head of games Jonathan Knight (isn’t it wild that he has to clarify the game is made by humans?). The Times also said that about 9 out of 10 every ten people who play the game will see it through until the end, whether t...

Angry Miao’s AM AFA R2 is part sculpture, part keyboard

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Whether you love their keyboards or not, there can be no doubt that Angry Miao doesn’t do things halfway. The AM 65 Less is an exercise in building a high-quality 65% keyboard that replaced the cursor keys with a touch panel. The AM Hatsu looks like it was imported from the future, while the Cyberboard would almost be a conventional keyboard if it wasn’t for its massive LED panel. With the AM AFA , the company introduced its version of an Alice-style ergonomic layout last year and now it’s back with a second run of this anime-inspired mechanical keyboard. As always, it’s almost impossible to find fault with Angry Miao’s build quality. This is a solid board, weighing in at just under five pounds (or 2.26 kilos) and like the AM Hatsu, it’ll ship in Angry Miao’s signature suitcase-style case. The design, with the wide-open pattern at the front and back, makes it seem almost weightless and like it floats on your desktop, though — especially as you sit in front of it. It’s a smart desi...

Devolut leverages e-commerce growth in Latin America to develop reverse logistics tool

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With the explosion of e-commerce during the global pandemic, companies not only had to adopt Amazon-like shipping skills, but also how to coordinate and manage returns. In Latin America, the reverse logistics process “is a mess,” according to Agustin Shutte, founder and CEO of Devolut , which provides an end-to-end returns solution for e-commerce sellers. “It’s dominated by traditional carriers who are not reliable, are super expensive and take forever to take the product back to the merchant,” Shutte told TechCrunch. “This leads to refunds taking 40 to 50 days. Developing a network of return points, like Happy Returns did in the U.S., is something completely unique that no one is doing.” He started the Mexico-based company earlier this year with Emiliano Monge. This is their second startup together, having previously founded another logistics startup where they saw firsthand how inefficient the return process was. Devolut is still very much in its early stages, having launched ju...

Reliance’s financial services unit to offer insurance, merchant lending

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Jio Financial Services, the financial services unit of Mukesh Ambani-run Indian conglomerate Reliance Industries, plans to expand to merchant lending and insurance, Ambani said at Reliance’s annual general meeting in a speech that is likely to have a repercussions for countless startups. “JFS will massively increase financial services penetration by transforming and modernising them with a digital-first approach that simplifies financial products, reduces cost of service, and expands reach to every citizen through easily accessible digital channels,” he said. “For tens of thousands of SMEs, merchants, and self-employed entrepreneurs, ease of doing business must mean ease in borrowing, investments, and payment solutions. JFS plans to democratise financial services for 1.42 billion Indians, giving them access to simple, affordable, innovative, and intuitive products and services.” TechCrunch reported last week that Reliance was testing a sound box payment system at its campus. Analys...

Reliance appoints Ambani’s children to board, wife resigns

Reliance Industries said Monday it has appointed the three children of billionaire Mukesh Ambani — Isha Ambani, Akash Ambani and Anant Ambani — to its board, the latest in the succession plan at the country’s largest company, which operates the nation’s largest telecom operator and retail chain. Nita, Ambani’s wife, has resigned from the board, said the $202 billion oil-to-retail giant in a statement, published on the local stock exchange. The early signs of the succession planning has been apparent in recent years with 66-year-old Ambani promoting his children to lead many of the empire’s businesses. Akash leads the digital business, Jio Platforms, whereas his twin sister Isha helms Reliance Retail. Anant leads the new energy business. “Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses,” the company said in a ...

After Threads, Bluesky also adds a way to see your own likes

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Bluesky introduced a bunch of updates on Friday to its mobile apps and website including a new tab to see your own likes, notification support for apps, and an emoji picker for the web composer. Earlier this month, Bluesky’s rival Threads added a new tab in settings , called “Your Likes,” to let users look at their own liked posts. In contrast, Bluesky has added a “Likes” tab to users’ profiles. The placement of the tab is similar to X (formerly Twitter), but unlike the Elon Musk-owned social network, Bluesky doesn’t let you see liked posts of other people. Bluesky has added a new likes tab The platform specified in a post that the likes of a user can be accessed through the API as they are public. While the native client doesn’t show them, other apps can choose to include functionality to display the likes of other users. Additionally, the social network has also added the ability to suggest people to mention when someone types an “@” in the composer. This update is available a...

Tesla’s China rival Xpeng buys ride hailing giant Didi’s smart EV assets for $744M

Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of ride hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.” Notably, the Didi assets will become a new sub-brand called “Mona” under Xpeng, which is scheduled to launch in 2024. The partnership also extends to areas including marketing, financial insurance services, charging and international expansion. The news followed on the heels of Volkswagen’s $700 million investment in Xpeng which would see the production of two new models under the Volkswagen brand utilizing XPeng’s key ADAS technologies. More to come — this is a developing story… from TechCrunch https://ift.tt/toxpGjO

The battery business is booming and Zeekr kicks off it IPO roadshow

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The Station is a weekly newsletter dedicated to all things transportation. Sign up here —  just click The Station  — to receive the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. We have a lot to cover so let’s jump in. But wait! One note to share: These days, I’m a semi-regular guest on TechCrunch’s Equity Podcast , including an episode that aired Friday that covers robotaxis, Nvidia’s earning, plus Better.com and startups that are full of shit (you’ll get the joke if you listen). Vamos. Want to reach out with a tip, comment or complaint? Email Kirsten at kirsten.korosec@techcrunch.com . Reminder that you can drop us a note at  tips@techcrunch.com .  If you prefer to remain anonymous ,  click here to contact us , which includes SecureDrop ( instructions here ) and various encrypted messagi...

Never express your ‘use of funds’ slide as percentages

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When investors look at a startup slide deck, they are looking for something very specific. Yes, they want to know if the team is great and the market is huge and the problem is worth solving and the solution makes sense. Of course. But another thing they are looking for is whether the founders understand the journey they are on. If you step on the VC treadmill, you’re signing up for rapid, explosive growth. You have to: If you don’t, you don’t fit into the models of how VC works . And that’s OK — not every company is suitable for VC funding. The other truth is that your funding amount includes a very literal deadline: If you run out of money, that’s the end of your company. So, before you run out of money, one of three things needs to happen: You have an exit event, which usually means getting acquired or going public through an IPO. The latter is more predictable than the former, and early-stage companies usually don’t have that as an option. You reach break-even and are able to ...

Looking for your next book? These 9 authors have reading recommendations for you

What’s the hardest part of reading? More often than not, it’s picking a good book. “L’embarras du choix,” as we say in French: Presented with infinite options, it becomes very hard to make a decision. That’s why recommendations are so helpful. And who’s best placed to recommend books than people who, you know, write books? With this in mind, TechCrunch+ contacted a handful of authors whose work is closely tied to tech and startups. We asked them a simple question: “What book have you read this summer that you think others might enjoy?” We heard back from: Adam DuVander, author of “ Technical Content Strategy Decoded ” Phil Rosen, author of “ Life Between Moments: New York Stories ” Adi Polak, author of “ Scaling Machine Learning with Spark: Distributed ML with MLlib, TensorFlow, and PyTorch ” Andrew Lee Miller, author of “ The Startup Growth Book: 50+ Proven Ways to Scale Your Business Without a Marketing Budget ” David Kadavy, author of “ Mind Management, Not Time Management: ...

Better.com’s public market debut was Miserable.com

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Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week.  Better.com finally went public last week, and the stock’s performance was worse than expected. Affirm, on the other hand, saw its shares get a boost on the back of a better-than-expected earnings report. There was also a mega-raise, and an acquisition too. On another note, if you want to receive The Interchange directly in your inbox every Sunday, head  here  to sign up! Better.com finally went public The biggest fintech news of the week centered around Better.com’s no good, very bad public market debut. Or as my friend and colleague Alex Wilhelm described it, Better.com had a Miserable.com week . To sum it up, digital mortgage lender Better.com made its public debut on August 24. To no one’s surprise, the stock wasn’t exactly a hit with public investors. In fact, it was a resounding bomb. As of Friday, August 25, the stock had closed a mere $1.19. Shares of SPAC...

A Brazilian phone spyware was hacked and victims’ devices ‘deleted’ from server

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A Portuguese-language spyware called WebDetetive has been used to compromise more than 76,000 Android phones in recent years across South America, largely in Brazil. WebDetetive is also the latest phone spyware company in recent months to have been hacked. In an undated note seen by TechCrunch, the unnamed hackers described how they found and exploited several security vulnerabilities that allowed them to compromise WebDetetive’s servers and access to its user databases. By exploiting other flaws in the spyware maker’s web dashboard — used by abusers to access the stolen phone data of their victims — the hackers said they enumerated and downloaded every dashboard record, including every customer’s email address. The hackers said that dashboard access also allowed them to delete victim devices from the spyware network altogether, effectively severing the connection at the server level to prevent the device from uploading new data. “Which we definitely did. Because we could. Because #f...

Yes, in my backyard

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here . Can startups help solve the U.S. housing crisis? BuildCasa thinks so. It raised a $3.5 million round of pre-seed funding to let California homeowners build new homes in their backyards. — Anna Leveraging new zoning laws There aren’t enough homes in the U.S., which would need another 3.8 million units of housing to fill the gap, Axios recently noted, citing data from Freddie Mac. And while causes and consequences are open to debate, it shouldn’t be too controversial to say that increasing housing supply is part of the solution. What does this have to do with startups, you may ask? Quite a bit, it turns out: New business models have emerged as a result of recent laws that aim to solve the housing shortage. from TechCrunch https://ift.tt/mjz0VJO

The scoop on Gen-Z and how they are rewriting the rules of the Internet

Listen here  or wherever you get your podcasts . Hello and welcome back to  Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Welcome to an old-school Equity tradition: the bonus show! Despite getting through our regular episodes this week, we have one more for you. Why the extra edition? Because Battery Ventures dropped an interesting report on Gen-Z and I wanted to talk about it. So, I got Courtney Chow , a vice president at Battery and one of the report’s authors to chat with me about it. You can read the report itself here . This is what we got into: The fracturing of culture: Gen-Z is large, and very diverse. The trend away from monolithic cultural primacy that began years ago has accelerated with the generation, making culture itself more personal, and more distinct. For startups, this means branding will become a different challenge if they want to reach this demographic slice. Everything is short-fo...