Zepto, now valued at $1.4B, is India’s first company to get its horn this year

TechCrunch Newsletter

By Christine Hall Friday, August 25, 2023

Today's top story is about a venture-backed startup that has quietly bought up over 80 mom-and-pop shops. And not to sell them, either. Find out what Teamshares plans to do with them all. Meanwhile, India-based instant grocery delivery startup Zepto bagged $200 million in fresh funding to boost it over the $1 billion valuation mark. Thus making it India's first 2023 unicorn. Read more about it. Next, Instacart filed it’s long-awaited S-1 filing to go public. We share five things you need to know. (TC+) And quiet quitting is coming to social media in the European Union. A new law enables social media users to decline the option of having personalized content feeds based on relevance. That's not all. Image Credits: Zepto

More top reads Someone didn't study: Find out how Byju's ended up exposing sensitive student data, including loan details. Read more. MOVEit by the numbers: Speaking of hacks, MOVEit turned out to be the biggest one of them all this year, and we break down how. It's all about marketing yourself: Selling real estate is all about getting your face out there so buyers and sellers want to work with you. Enter Luxury Presence, which raised $19.2 million to build marketing tools for Realtors. Now go make a name for yourself. Narrowing it down: Joby Aviation is choosing between Ohio or North Carolina for a new air taxi factory. Maybe you can help. There's no one in the driver's seat: Polestar 4 will feature Mobileye's hands-off, eyes-off driving tech. Get the scoop. Trying to make some sense of it all: From the Podcast Movement conference come two YouTube stories. One is that it put out a new video in hopes of better explaining its short-form video platform for creators. See for yourself. The other discusses new plans for podcasters and music lovers. For your reading pleasure. Too many bad apples ruined the bushel: Dropbox is getting rid of its unlimited storage options, placing the blame on crypto miners and resellers for taking advantage. Read more. $12,626: That's about how much each of the 3,500 Tesla investors stand to get from an SEC settlement, minus the lawyer fees, of course. Where it began, where it ended. Take some more news into your weekend: Qase raises $7.2M to help companies manage their software tests OnlyFans' profitability proves the creator economy boom was real enough (TC+) Pitch Deck Teardown: BusRight's $7M Series A deck (TC+) Orbital Composites lands new government contracts to advance in-space manufacturing Former president Trump returns to Twitter, now X, with his mugshot Image Credits: Indranil Aditya/Bloomberg / Getty Images

Grab your pass to TC Disrupt 2023 Join 10,000 startup leaders in San Francisco at TechCrunch Disrupt, taking place September 19–21. Last-minute passes are still available. Save 15% with code DC. Register now!

From today's "pod" files Not gonna lie, I enjoy writing about how poop tells us things about our bodies, and I have written about it . . . a lot. On today's Equity, it was Alex's, Mary Ann's and Kirsten's turn to discuss how the list of TechCrunch Battlefield 200 companies features a lot of startups focused on excrement. That and how Nvidia's earnings were a blowout, Better.com's SPAC listing was crappy and Cruise had an accident. Read More Image Credits: Bryce Durbin

Making AI trustworthy: Can we overcome black-box hallucinations? Characters in cartoons might imagine giant hot dogs when they’re hungry, but a large language model (LLM) can hallucinate for a variety of reasons, such as poor data quality or an unclear prompt. Major AI platforms “infer and extrapolate based on what they believe to be the most likely answer, not actual data,” according to Dr. Mike Capps, CEO and co-founder of Diveplane. Instance-based learning, on the other hand, compares training data points “against each other to gain insight into the dataset and the predictions,” says Capps. “In other words, IBL ‘shows its work.'” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription. Read More Image Credits: Customdesigner / Getty Images

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard Blockchain Engineer at OpenTensor (Anywhere) Technical Writer at OpenTensor (Anywhere) Data Scientist at OpenTensor (Anywhere) Epic Application Analyst/Coordinator at Administration South (Toppenish, WA, USA) Product Manager, App Experience at Kisi (Stockholm, Sweden) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

View this email online in your browser Privacy Policy | Terms of Service | Unsubscribe © 2023 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103

The voracious appetite for AI nets Hugging Face $235M in new capital

TechCrunch Newsletter

By Christine Hall Thursday, August 24, 2023

Today's top story should put a smile on your emoji face. Hugging Face, a company that provides data science hosting and development tools, grabbed a large chunk of change from a group of investors that includes Salesforce and Nvidia. Here's how. Next, we have some Meta news for you. Learn about Code Llama, a code-generating AI model, and start mourning the impending loss of Messenger Lite for Android. Meanwhile, Better.com is now a public company, but its shares didn’t pop as expected. See why that might be. And find out what Slack's former head of growth is up to now. We'll give you a hint — it involves tracking growth. Read more. Image Credits: Hugging Face

More top reads Look up: Walmart adds Wing drone deliveries to limited Superstores this year. Here's where. Your ChatGPT fix: OpenAI and Scale AI partner to allow companies to fine-tune GPT-3.5. Find out more. Here's what your fundraising strategy might be missing: Learn five VC funding trends for pre-seed startups. (TC+) Do you hear that sound?: Reliance tests a sound box payment system amid financial services push. Get the scoop. Safe and secure: Cypago, which aims to automate compliance and governance for companies, raises $13 million. Learn what the company does. Data on the loose: Ikigai lands $25 million to organize your data with generative AI. Read more. Do the Hustle: Hustle Fund doubles down on its mission to build the "YC of angel investing." Find out how. Chrome changes ahead: Chrome is testing an option to enable a bottom address bar on iOS. Read more. Are you ready for some football?: AI is changing how Thursday Night Football will be viewed. See what Amazon has in store for sports fans. More for your Thursday — 'cause it's almost Friday: Korea's internet giant Naver unveils generative AI services How and when to charge for adding AI to your enterprise software (TC+) 7 founders and CEOs discuss fusion power's most pressing challenges (TC+) Modular secures $100M to build tools to optimize and create AI models Google to go further on ads transparency and data access for researchers as EU digital rulebook reboot kicks in. Image Credits: Wing

Grab your pass to TC Disrupt 2023 Join 10,000 startup leaders in San Francisco at TechCrunch Disrupt, taking place September 19–21. Last-minute passes are still available. Save 15% with code DC. Register now! Read More

From today's "pod" files For this week’s episode of Chain Reaction, Jacquelyn interviewed Erik Svenson, co-founder, president and chief financial officer at Blockstream, a bitcoin and blockchain-focused infrastructure firm. Image Credits: Bryce Durbin

Ask Sophie: What are the visa options for a startup founder with family?  Dear Sophie, I’m a startup founder in Berlin. I just returned from a visit to Silicon Valley where I met with a new customer. On the trip I realized I need to be based in the U.S. to grow our base with U.S. customers. What are the best visa options for my family and me? Will any of them allow my husband to work and continue his career? — Seeking Scale TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription. Read More Image Credits: Bryce Durbin/TechCrunch

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard Blockchain Engineer at OpenTensor (Anywhere) Technical Writer at OpenTensor (Anywhere) Data Scientist at OpenTensor (Anywhere) Epic Application Analyst/Coordinator at Administration South (Toppenish, WA, USA) Product Manager, App Experience at Kisi (Stockholm, Sweden) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

View this email online in your browser Privacy Policy | Terms of Service | Unsubscribe © 2023 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103