Thursday, February 22, 2024

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Nikola’s Badger sees its shadow

TechCrunch Newsletter
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By Christine Hall

Thursday, February 22, 2024

Good afternoon, and welcome to TechCrunch PM. We have a lot of news for you today, so enjoy an update on Nikola's electric truck, what's new at Bluesky, more AI and funding news and an update on Sony's VR.

Christine

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Image Credits: Nikola

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TechCrunch PM Top 3

Changing lanes: Electric trucking company Nikola was supposed to build its Badger pickup truck with General Motors. Instead, it sold the truck's intellectual property to another company. One with ties to a television personality.

Gemini, the all powerful: Gemini tried to interact with me through my phone today for the first time. Perhaps Google was alerting me to the fact that Chrome got a new AI writing generator. Don't worry, it's still an experimental tool, so you have to enable it.

Bluesky opens up federation: After a public launch of federation earlier this month, X competitor Bluesky is opening up the network so that anyone can run their own server that connects to Bluesky's network. It's a move to help users have more control over their personal data.

TechCrunch PM Top 3 image

Image Credits: Tim Mason / Getty Images

More top reads

A new-and-improved image generator: Details are few on Stable Diffusion 3, but as we've seen with OpenAI and Google announcing AI-powered image generators, you have to play to win.

Unclutter your digital life: Meet Yorba, a startup that wants to organize your digital paper trail.

Congrats, you made a payment!: Google Pay plans to roll out the SoundPod, a portable speaker, to small merchants in India as part of a pilot. The SoundPod instantly validates and announces successful payments.

Women in AI: As part of a multipart series, meet five women who have contributed to the transformation of artificial intelligence.

O, Canada: Golden Ventures, a Toronto-based venture capital firm, closed its fifth fund with $100 million in capital commitments that it is deploying into Canada's tech ecosystem.

Don't put Sony in a corner: Sony says the PlayStation VR2 is getting a makeover.

Avast gets banned: The Federal Trade Commission banned antivirus company Avast and gave a fine after consumer web browsing data was sold to third parties. Avast had claimed there was no online tracking going on.

Funding, funding and more funding: Among startups that attracted capital today, DatologyAI is curating datasets, ZÅ«m Rails is helping businesses move money, AddGlow is taking on Reddit and Frost Giant starts a Kickstarter campaign. Oh, and Hellohive's resume and recruiting tool is helping to prevent discrimination.

Today in streaming: We learned that nearly half of adults who go on TikTok have never posted a video. Speaking of the social media giant, its "Add to Music app" feature is now more widely available. Meanwhile, Spotify joins a bunch of social media networks in offering a service to connect brands and creators.

More top reads image

Image Credits: Stable Diffusion

On the pods

For this week's episode, Jacquelyn interviewed Steve Kaczynski, co-author of the book "The Everything Token," and co-host of a web3 morning show “Coffee with Captain.” He also co-authored the first Harvard Business Review article about NFTs. Outside of that, he consults with agencies and brands about building their web3 strategies, including his role with Starbucks, where he is a community lead for its NFT-focused loyalty program, Starbucks Odyssey.

Jacquelyn and Steve discuss what got him interested in NFTs, how important it is to build understanding for the sector and why communities matter more than floor prices.

They also dive into:

  • Future adoption for Bored Ape Yacht Club.
  • Growing Starbucks's NFT-based loyalty program.
  • What agencies and brands need to know about web3.
  • How to get started in the NFT space.

Listen here. Or get the tl;dr version.

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Image Credits: Bryce Durbin

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The new age space race is here

TechCrunch Newsletter
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By Alex Wilhelm

Thursday, February 22, 2024

Good morning, and welcome to TechCrunch AM!

The space race is far from over, and it's no mere nation-state competition these days. A U.S.-based startup has just brought back pharma products made in low orbit, and India is loosening rules for foreign investment in its space industry. If you aren't tracking space-focused startups, you are really missing out on one of the most exciting – dare we say out of this world – areas in tech. See? It's not all vertical SaaS and AI!

Alex

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TechCrunch Top 3

  1. Space drugs touchdown dirtside: Varda Space's pharma products that it grew in space have made it back to the planet. The startup's in-space manufacturing capsule, called Winnebago-1, touched down in Utah yesterday afternoon, carrying "crystals of the drug ritonavir, which is used to treat HIV/AIDS," Aria Alamalhodaei reports. Low-gravity manufacturing is going to be awesome.
  2. Demand for deepfake regulation accelerates: AI tech is advancing at a rapid clip, and so are concerns around how it's going to be used and abused. Several hundred folks involved in AI are calling for strict regulation of AI deepfakes. Since this is an election year around the world, the issue is gathering widespread attention given the potential for abuse. Elsewhere in AI, Google has paused Gemini's ability to generate images of people while it finetunes the model.
  3. X is censoring itself in India at the government's behest: Social media service X is withholding specific accounts and posts in India following executive orders from the country's government. The company says it can't make details of the orders public because New Delhi has forbidden it from doing so, and that it is fighting back. India's technology regulatory landscape has become increasingly strict in recent years, for reference.
TechCrunch Top 3 image

Image Credits: Varda Space Industries

Don't miss these

Antler backs 37 vertical AI startups: Founders in Southeast Asia are having luck raising capital. Singaporean venture capital firm Antler has invested $5.1 million across more than three dozen pre-seed startups developing vertical AI solutions in the region. Like elsewhere in the world, VCs in Asia seem to be betting that startups have a real shot at growing big with new machine intelligence tech.

Hohm Energy is helping expand Africa's power grid: South Africa has a real problem with producing enough power for its growing economy, but at least one company is working on the issue. Hohm, a portmanteau of "home" and the measure of electrical resistance "ohm," connects solar providers with individuals and businesses, extending the local grid and adding total capacity to strained power networks. It just raised $8 million for its work, which is a healthy seed round in any market.

Are you Blacker than ChatGPT? An ad agency has created a quiz of sorts to see if users are more knowledgeable about Black culture than ChatGPT, which is trained on a specific corpus of information. AI bias is a pressing issue due to the increasing use of LLMs by students, consumers and companies, and this seems like a cool way to highlight where and how AI training data can fall short of where it needs to be.

India wants foreign capital to fuel its space industry: New rules have cleared the roads for overseas investment in India's burgeoning space industry. The new setup will allow up to 49% foreign ownership in launch systems, 74% in satellite products, and as much as 100% external ownership in satellite component manufacturing.

Lucid to build just 9,000 cars this year: After predicting that it could build as many as 90,000 cars this year, Lucid has said it will miss its lofty goal by a staggering margin. The company expects to build only 9,000 cars this year, which is disappointing, especially since other EV companies have seen their volumes rise sharply in recent years. In the fourth quarter, Lucid reported an operating loss of $736.9 million on revenue of $151.2 million.

Another day, another hack: Change Healthcare is the latest victim of cybercrime in the States. One of the largest healthcare tech companies in the U.S., Change said it took systems offline to limit the threat, but the "specific nature of the cybersecurity incident was not disclosed," Zack Whittaker reports. I reckon there are two kinds of companies out there: Those that have been breached, and those that are hoping it won't happen to them.

Mobility moves: Autonomous driving startup Haomo.ai just raised $14 million in a new round of capital; micromobility companies are looking to join forces as the sector retreats; and Uber is working with India's Open Network for Digital Commerce (ONDC). TechCrunch exclusively learned that the tie-up will see Uber start with "intercity bus ticketing across India and Metro Rail ticketing as a buyer application."

Social watchdog to expand purview: Meta's Oversight Board, an external group that advises the social giant, is extending its reach to include Threads, the company's Twitter competitor. The board recently criticized Meta's policies regarding faked videos, for reference.

Don't miss these image

Image Credits: Bryce Durbin / TechCrunch

Before you go

Mastodon spam wave was planned on Discord: TechCrunch reports that a recent wave of spam on the decentralized social network Mastodon was coordinated on social chat service Discord. The company "has yet to remove the server where the attacks are facilitated, and Mastodon community leaders have been unable to reach anyone at the company." Discord said it is monitoring the situation.

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Wednesday, February 21, 2024

California puts the brakes on Waymo’s robotaxi application

TechCrunch Newsletter
TechCrunch PM Logo

By Christine Hall

Wednesday, February 21, 2024

Good afternoon, and welcome to TechCrunch PM! Today, we bring you stories on Waymo, which was dealt a blow by California; Match Group starting a relationship with OpenAI; and efforts made to reduce climate-harming farming practices in India. And we're using expletives in headlines. Let's get started!

Christine

 image

Image Credits: Allen J. Schaben / Getty Images

TechCrunch PM Top 3

Waymo's expansion halted: The robotaxi company's plans to provide its service in Los Angeles and San Mateo counties was put on pause by the California Public Utilities Commission's Consumer Protection and Enforcement Division, at least until June. It's standard practice, we are told, but it still smarts given Waymo was already testing in Santa Monica.

A ConnectWise security flaw made it easy to exploit: Hackers are going at a high-risk vulnerability within ConnectWise's remote access tool. Researchers tell TechCrunch that they can see early signs of threat actors moving on to "more focused post-exploitation and persistence mechanisms," causing one researcher to describe what was going on in these terms: "I can't sugarcoat it — this shit is bad."

Decentralized cloud-y skies: Meet NodeShift, a young company providing a single API to give access to excess compute, storage and graphics accelerators from independent data center operators and through connections to low-cost decentralized web services like Akash and Filecoin.

TechCrunch PM Top 3 image

Image Credits: DBenitostock / Getty Images

More top reads

Love is in the OpenAi air: Match Group and OpenAI swiped right and are now working together in a partnership that includes over 1,000 enterprise licenses for the dating app giant. Match is going all in on artificial intelligence to the tune of $20 million this year that will have ChatGPT helping Match employees with work-related tasks.

Apple's new bites: iPhone users got a special treat today with Apple's new app called Apple Sports, where they have access to real-time scores, stats and other information about their favorite teams and leagues. Meanwhile, the consumer tech giant is preparing its iMessage app for the time when quantum computers will be able to break today's cryptography standards.

And Apple now says it does want a percentage of donations made to a certain meditation app.

Permit us to move faster: PermitFlow is building a "TurboTax for construction permitting," and if you have ever purchased a piece of land to put a house on, you'll know why an easier process is needed.

Hadrian Automation's CEO wants to defy history and revitalize American industry: Learn why Chris Power made the factory the product as he worked to leverage software and automation anywhere he could.

CFOs need love, too: Colombian-based Simetrik grabbed some new capital as it continues to develop its building blocks that automate tasks for company CFOs.

Google and AI safety: AI is becoming smarter by the day, and you can get generative AI models to do some interesting things. With that in mind, Google DeepMind formed a new organization called AI Safety and Alignment that brings together not only existing teams already working in this area, but also new cohorts of GenAI researchers and engineers.

Moonshot AI's new valuation is a moonshot indeed: In the race to build the next big large language model, China's Moonshot AI got a moonshot of help with $1 billion in new funding to boost its valuation to $2.5 billion. I hope they spend it all in one place.

Meet the startup helping Indian farms with carbon offsets: Varaha works with partners to onboard smallholder farmers and help them follow sustainable and regenerative farming practices that result in the creation of nature-based carbon credits, which the startup sells to companies mainly in Europe.

More top reads image

Image Credits: Tinder

On the pods

Today on Equity was all about this week's leading startup and venture capital news. Even with the short week, Alex Wilhelm had plenty to talk about, including Loora's $12 million round, Dili closing on $3.6 million, Reddit's neat way to get power users invested in its upcoming IPO and a few new venture capital funds. Listen here.

Over on Found, Rebecca Szkutak and Dominic-Madori Davis spoke with Shan-Lyn Ma, the co-founder and CEO of wedding planning platform Zola, on how she built her business and how it handled the pandemic. Listen here.

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