Wednesday, January 24, 2024

Google puts AI ABCs and 123s in the classroom

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By Christine Hall

Wednesday, January 24, 2024

Welcome back to TechCrunch PM! Education was top of mind today, at least in the way Google is doing it. We also got a scoop about Web Summit, the events company that had a tumultuous year in 2023. Well, the hits just keep on coming. And Klarna unveils its first subscription plan. Read on.

Christine

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TechCrunch PM Top 3

Google in the classroom: Google unveiled a few new AI-powered features for education. This includes making the ability to answer questions to a YouTube video more widely available to teachers. It also announced 15 — count 'em, 15 — new Chromebooks that will launch this year. Ah, ah, ah.

Web Summit CEO jumps ship: In the same hasty manner that Katherine Maher took the helm of event company Web Summit, she decided to leave. Maher will now head up NPR. It's a bit ironic, Mike Butcher points out, that Maher was brought in three months ago to right-side the company following founder Paddy Cosgrave's forced resignation. Since Mike wasn't actually able to talk to Maher (she only gave one interview to . . . you guessed it), we don't yet know the "why."

Mo' data, mo' data quality problems: Anomalo picked up $33 million in Series B capital amid fast revenue growth. The startup, providing a machine learning approach to data quality, saw annual recurring revenue increase 177% as more companies put larger quantities of data on the cloud and in data warehouses.

TechCrunch PM Top 3 image

Image Credits: Harry Murphy/Sportsfile for Web Summit / Getty Images

More top reads

Klarna Plus: Fintech company Klarna introduced its first subscription plan dubbed "Klarna Plus." For $7.99, subscribers get perks like no added service fees when using Klarna's One Time Card, double rewards points and exclusive discounts. Bonus: New subscribers get $8 off their first purchase.

There's an AI 'brain drain' in academia: Over on TechCrunch+, Kyle looks at why AI PhDs aren't making the leap into the AI industry.

Prompt Security wants to make GenAI safe: The company came out of stealth today with $5 million and a technology for organizations to ensure that their employees aren't leaking data to generative AI tools, including those not officially endorsed by the company's IT teams.

Atomico backs Deeploi: With all of the technology one needs to build a company, it's no surprise that you can muck it up. That's where Deeploi comes in. The German startup offers an "IT-as-a-service" platform for small businesses to get them on the right first footing.

Meesho GMV tops $5B: Social commerce is a thing, just not everywhere. Don't tell that to India's social commerce platform Meesho, which is rapidly gaining user traction. Even faster than Flipkart and Amazon India.

Feds kick off National AI Research Resource: A year to the day after it was proposed, the National AI Research Resource is coming online in the form of a pilot program. A group of U.S. agencies and private partners are applying billions in federal funding toward public-access tools for aspiring AI scientists and engineers.

Apple eyes taking a cut of in-app purchases: Apple wants you to download apps from the App Store. However, the European Union is saying people shouldn't have to do that. Apple still wants its commission, and it seems it will do whatever is necessary to get it.

Ring, ring: Amazon decided to reverse course and revoke police and fire department access to Ring footage via the Neighbors app.

Get your virtual reality game on: Two gaming companies are collaborating on a virtual reality Dungeons & Dragons.

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Image Credits: Klarna

On the pods

Today's Equity has us asking, "Who knew M&A would be the thing we couldn't shut up about?" Among the action, go inside Artisse AI's seed round, Bilt Rewards' big VC win and Kittl, another example of a European startup taking on a massive global market. Listen here.

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Big tech loves small AI startups

TechCrunch Newsletter
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By Alex Wilhelm

Wednesday, January 24, 2024

Good morning, and welcome back to TechCrunch AM! If you were thinking that fintech’s a dead story, we have evidence today that the category is alive and actually wants to go for a walk.

We also have news about how several new AI tools are going to make things interesting for a lot of people, layoffs sadly being a reality still, and why burger-flipping tech may just take the most boring job out there away from us. It's a packed issue, so let's go!

Alex

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TechCrunch Top 3

  1. Bilt Rewards builds itself a $200M reward: In the form of a venture investment led by General Catalyst, of course. Bilt offers consumers rewards points for paying their rent, both inside a network of properties and outside. The company claims that user spend is "nearing $20 billion" and Mary Ann reports that the company was EBITDA profitable last year. That last bit explains how the startup doubled its valuation to $3.1 billion in this round.
  2. Send AI wants to help companies better use data from docs: Flush with €2.2 million in new capital, raised in part from Google's Gradient Ventures, Send AI aims to use custom language models to help companies pull, sort and export data from documents. Sure, there are a lot of players in that space already, but have you seen how many docs there are in the world?
  3. Still more layoffs: The media world is going through its yearly shedding of the last of its staff, but did you expect massively profitable tech companies to fire this many people to start the year as well? eBay just announced plans to let go of 1,000 employees, or just under 10% of its total staffing. The company generated net income of $1.3 billion in Q3 2023, for reference.
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Don't miss these

BeReal wants you to get real with celebs: If you are a fan of BeReal and also love to follow popular people, good news! Celebs and brands are coming to the app! Call it a reverse Threads — when Meta launched its Twitter competitor, it did so with brands and celebs ready to go. BeReal is running the opposite playbook. The service has 23 million DAUs, up from 20 million last August.

Kittl is proof of the design market's size: Kittl competes with Canva, and despite the latter being somewhat of an icon of the startup world, it appears that Berlin-based Kittl has found a sweet spot in the design market. Evidence of that fact is its recent $36 million Series B, raised just a year after it locked in its Series A. That's quick.

OpenDialog wants to bring chat bots to regulated biz: Companies have long employed AI tools to talk to customers with varying amounts of success, but that kind of unreliability is a big red flag for companies in highly regulated industries. What if the AI says something that's not ideal? Enter OpenDialog: this UK-based startup has raised $8 million to bring conversational AI to healthcare and insurance companies.

Les petites fusées sont une grosse affaire: French startup Latitude just raised $30 million to send small rockets to space, and is prepping the first flight of its Zephyr rocket in 2025. This fundraise adds it to the list of cool companies to keep tabs on as the space industry matures and increases its launch frequency.

Forta Health is tackling autism care: This is an interesting news item: Forta just raised $55 million for its healthtech service, some of which is focused on autism treatment. But as Haje Jan Kamps writes, its chosen approach to help care for autistic patients could prove to be controversial.

Etsy is using AI to help you buy more stuff: AI is going to wheedle its way into every product where a company thinks it can drive up key metrics, and in the case of Etsy, that's GMV. That explains its new service 'Gift Mode,' an AI-powered online quiz that asks about who you're shopping for, the occasion, and the recipient's interests. Basically: If you are low on ideas, Etsy wants to help (you buy stuff).

Some timely analysis from TechCrunch+: AI margins are once again driving startup chatter. It's not the first time we've had this debate, but it is all the more pertinent today in light of the scale of AI-related startup activity. And if you are an edtech operator or founder, this investor survey is a must-read.

To close out, Mike Butcher argues that "an increasing consumer appetite for sustainable packaging is powering a new wave of startups," which is likely to be a great thing for Mama Earth and the Planeteers who care for the environment!

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Image Credits: NurPhoto / Contributor / Getty Images

Before you go

Flipping burgers is often viewed as an easy job — indeed, it's a stand-in phrase for poorly-paid grunt work. Well, the robots are coming for burger flippers around the world. Honestly, that's fine by me — turning meat is hardly the peak of human capability, though Aniai hopes that it is a lucrative opportunity for its restaurant tech.

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Image Credits: Aniai

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