Wednesday, February 7, 2024

The foldable phone battle is on

TechCrunch Newsletter
TechCrunch PM Logo

By Christine Hall

Wednesday, February 07, 2024

Good afternoon, and welcome back to TechCrunch PM! We've got a jam-packed newsletter for you thanks to all the great news that you eagerly gobbled up, pretty much as it was being posted. Read about Microsoft's new Copilot features, how Bluesky did after making its app open to all, why X is suddenly on top and what's going on with H-1B visas.

Christine

 image

Image Credits: Gabby Jones / Bloomberg / Getty Images

TechCrunch PM Top 3

Microsoft and the Super Bowl: The enterprise software giant is attempting to score some extra yardage with consumers with a Super Bowl LVIII campaign. The commercials will tout the new design upgrades to Copilot, its suite of generative AI tools.

The foldable phone battle is on: Apple just took off its glove and slapped Samsung in the face. Usually we get lots of rumors about new Apple products; however, CEO Tim Cook alluded to the possibility of a foldable iPhone sooner rather than later.

The public looks good on Bluesky: So many people crowded onto Bluesky that it caused some outages. The social media app, a new competitor to X, saw its unique user count nearly double between Monday and Tuesday after opening to the public yesterday.

TechCrunch PM Top 3 image

Image Credits: Microsoft

More top reads

X is No. 1: Former Fox news host Tucker Carlson stunned all of us when he said he was going interview Russian president Vladimir Putin. What's more stunning is that people flocked to the Apple App Store to download X, causing it to rise to the top of the downloads overnight.

Amperesand wants to remake the 140-year-old transformer: As electricity flows through the grid, the transformer has been there for over a hundred years to change the voltage when that happens. Well, it's getting hard for the transformer to do its job, and Amperesand, now with $12.5 million in seed funding, has a solution.

Web3 has friends in high places: SEC commissioner Hester Peirce still plans to push for a token "safe harbor" plan. It's been three years since Peirce released her initial proposal that called for providing initial development teams with a three-year grace period during which they could participate in and create a decentralized network. During that time, they would be exempt from "registration provisions of the federal securities laws so long as certain conditions are met."

Threads pulling at ways to save posts: What do we want? To save posts! When do we want it? Yesterday! The text-based social networking app is experimenting with the ability to save posts, allowing users to bookmark favorite posts to revisit them later.

The 3D version of your life: Polycom closed on an $18 million round of funding to help you capture 3D object scans.

WhatsApp prepares to allow third-party chat support: Of course, there are caveats: Companies that want to be interoperable with Meta's system will have to sign an agreement, and WhatsApp will require end-to-end encryption.

Funding news: Goodshuffle helped their event rental and production company clients take advantage of their tables, chairs and tents being needed by a new audience during the pandemic.

NinjaOne is now valued at $1.9 billion after raising $231.9 million in new funding. NinjaOne's tools are designed to integrate with existing IT and security platforms and run the gamut from remote device monitoring and data backup to software deployment, alerting, scripting and app automation.

Simplify is giving the job search a digital update, and now that it has $3 million in new funding, the startup plans to build a business model around the idea of an AI career agent.

Get this: A venture capital firm coming out of stealth. Varsity, based in Paris, is a new early-stage venture capital fund that has already raised €70 million to invest across several verticals.

Planning to enter someone in the H-1B lottery?: Attorney Sophie Alcorn tells you everything you'll need to keep in mind, from an increase in fees to timing to learning how to submit applications online.

More top reads image

Image Credits: TechCrunch

On the pods

On today's Equity, Alex discussed startups and capital, including those still doing well in vertical SaaS, as well as audience-tuned fintech products and a crypto startup with consumer traction. He also looked at what's up in social media and new venture capital funds. Listen here.

Then over on Chain Reaction, we have a bonus episode with Hester Peirce, commissioner of the U.S. Securities and Exchange Commission.

Jacquelyn moderated a fireside chat with Commissioner Peirce at Georgetown University's McDonough School of Business alongside Eddie Cullen, a former candidate for New York City mayor in 2021 and co-founder and CEO of Crescite Innovation Corporation. They discussed a number of timely topics, including the SEC's spot bitcoin ETF approval, policy-making to keep crypto innovation alive in the U.S., and the commissioner's Token Safe Harbor Proposal 2.0 and whether she's considering a new one. Listen here.

On the pods image

Image Credits: Bryce Durbin

Join Waymo, Signal, and more at StrictlyVC Los Angeles

Join StrictlyVC’s cocktail party in Los Angeles on February 29 to hear from leaders like Meredith Whittaker (president, Signal) and Tekedra Mawakana (co-CEO, Waymo), and connect with top VCs and entrepreneurs. Tickets are $150 — register today.

Read More

Join Waymo, Signal, and more at StrictlyVC Los Angeles image

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2024 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103

What do we want? Steam on the Vision Pro!

TechCrunch Newsletter
TechCrunch AM logo

By Alex Wilhelm

Wednesday, February 07, 2024

Good morning, and welcome to TechCrunch AM for February 7, 2024. On the docket this morning we have news on who wants to buy WeWork out of bankruptcy, Microsoft's AI pride, a nine-figure acquisition, what's left of Snap's market cap, several startup stories, and a long-form interview with the founder of The Honey Pot.

It's a great mix of stories this morning, so let's get reading!

Alex

TechCrunch Top 3

  1. Adam Neumann wants to buy WeWork: The founder and former CEO of WeWork wants to use his new real estate startup – backed by a16z – to buy his previous globe-spanning, office-sharing company out of bankruptcy. WeWork doesn't seem too interested, and Neumann is not pleased. All this drama has me wondering just what Flow, his new startup, actually does, seeing as Neumann has time to tangle with a public company that is struggling to keep its light on.
  2. What does $400M buy? For identity and security company Entrust, that's enough to acquire Onfido. The tie-up makes sense, as Onfido offers identity verification using computer vision, machine learning and other AI tools. The deal value is, per our sources, "well above" the $400 million mark.
  3. Microsoft's CEO has something to be smug about: During a keynote in India urging local businesses to adopt AI to boost their productivity, Microsoft CEO Satya Nadella said his company is "waiting for the competition to arrive" to challenge GPT4, the OpenAI model used in some of Microsoft's products and services. The CEO allowed that competition would catch up in time, but this is the second time we've seen Nadella strut a bit about his company's arrangement with OpenAI.
TechCrunch Top 3 image

Image Credits: Shahar Azran / Getty Images

Don't miss these

Snap Thanos-snaps its market cap: After reporting its fourth-quarter results yesterday, shares of Snap plunged in after-hours trading. This morning, they are off just over 30%, a dramatic and shocking loss of value. What was so bad in the Q4 report? Sarah Perez cites Snap's "underwhelming revenue figures, tepid user growth and weak first-quarter guidance." Ouch.

But don't worry! Snap is cutting costs by deleting jobs, and is working to harmonize the user experience between different Snapchat products. It also wants to grow more in North America, where user monetization runs hotter than in other markets. Sadly for its employees and other shareholders, investors seem more focused on what the company said in its earnings report than its plans for future platform updates.

How to intelligently crowdfund: Crowdfunding is not for every company, so before you embark on a journey to raise capital from your audience, consider if you want to offer rewards, shares, or both. What you offer in exchange for capital will greatly shape how you go about passing the hat.

On record with Beatrice Dixon: The founder and CEO of The Honey Pot, which offers feminine care products made with natural ingredients, Dixon came on Found recently to chat with Dominic-Madori Davis and Rebecca Szkutak. They dove deep into how Dixon got her company off the ground, into major retailers, and how she handled what the duo describe as "the company's first consumer blowback storm."

Vertical SaaS is not dead yet: You might think vertical SaaS startups are struggling to raise cash now that software companies are trading at a fraction of their former values, and companies and consumers are suffering from subscription fatigue. Nope! At least not in the case of Goodshuffle, which just raised $5 million for its software aimed at the event rental and production industry.

Meesho wants to unify India's logistics industry: India's large population, rapid economic growth, and online population make it a popular market for tech companies. But if you want to get into e-commerce, you will find that its logistics industry is a bit antiquated. Enter e-commerce company Meesho's new idea, Valmo, which wants to bring together the various pieces of India's logistics world with a focus on micro-entrepreneurs.

Dutch capital for UK AI: Every country wants to become the source of a number of big, valuable AI companies out of fear the future might pass right by their economy. Following the UK's recent noise about investing in AI, Dutch recycling giant Bollegraaf Group is investing in UK-based Greyparrot, which "uses computer vision for waste analytics." Waste analytics and recycling aren't the first to spring to mind when we think of AGI, but they are an example of a practical application for AI in a massive, critical industry.

Vision Pro? How about Vision Gaming? TechCrunch's review of the Apple Vision Pro continues to land as the intrepid Brian Heater spends more time with the device. He thinks that while the Vision Pro has an enterprise and productivity focus, the technology — and a lower, consumer-friendly price point — could see Apple shine "more of a spotlight on immersive entertainment." Excellent. I want to use the Apple face computer to play through my Steam library. Chop chop, Cupertino!

Don't miss these image

Image Credits: TechCrunch

Before you go

Who will win the race for cheap EVs? It could be Ford, interestingly enough. The TechCrunch transport desk reports that a former Tesla denizen is working at Ford on a little internal project to build a cheap EV. This gets a big thumbs-up from me, as I am at once very cheap and afraid of the idea of changing oil without expert help.

Before you go image

Image Credits: Jakub Porzycki / Getty Images

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2024 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103

Latest News About Gadgets – TechCrunch

Latest News About Social Media – TechCrunch

Epic Gardening Tips and Advices