Wednesday, October 4, 2023

Here’s all the top news from today’s Google Pixel Event 2023

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By Christine Hall

Wednesday, October 04, 2023

Today, the TechCrunch team was live for the Google Pixel Event, and you all enjoyed every minute of it, making it today's top story. While I rounded up all of the Pixel and Android 14 goodness into one giant confection, here were some of your favorites:

Meanwhile, over in India, Slice, one of the country's fintech unicorns, said it reached a milestone: an approval to merge with a bank. Find out why this is so rare.

And it seems like open banking led to a fintech boom, particularly in the European Union, and some companies, including Brite Payments, are catching the tailwinds. The account-to-account company secured $60 million after a good 2022. Read more.

 image

Image Credits: Google

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On their own: Yahoo spins out Vespa, its search tech, into an independent company. Here's how that came about.

When I dip, you dip, VC dips: New third-quarter stats from PitchBook show that the global VC market continues to stumble. It wasn't bad everywhere, though. (TC+)

More generative AI for your Meta: Meta advertisers now have their own generative AI features. Get the scoop.

Tucked in: Flexible short-term housing options are everywhere now. For those who want longer stays but similar vibe, meet Habyt, an Airbnb-style platform aimed at longer stays and "flexible living." It just raised $42 million.

No more standing in that post office line: Uber will do it for you. A new feature enables couriers to drop your package off at the post office. Learn about Return a Package.

Identities, passwords and M&A, oh my!: We have a pair of Okta news stories for you. First up, the identity management giant scooped by Uno, a password manager, for the purpose of developing a personal tier. Read more. Next, Okta plans to weave AI across its entire identity platform using multiple models. Get the scoop.

Embedded finance is indeed everywhere: Rainforest, a startup helping software companies embed financial services and payment features, raises $8.5 million. The prediction is coming true.

Eat here: Resy and Eater co-founder has backed hospitality company Blackbird Labs, which raised $24 million to help restaurants create loyalty programs. Here's how.

Fitness from afar: Sometimes you need a little push when it comes to exercise. CoPilot wants to get you the motivation you crave. The training app, which matches users with remote fitness coaches, raised $6.3 million. Now you have no excuse.

More for your Wednesday:

Recapitalization, $60M Series D support growth of e-commerce financier Clearco

At One Ventures’ $375M new fund shows climate tech is still hot (TC+)

Rabbit is building an AI model that understands how software works

News app turned X competitor Artifact now lets users generate AI images for their posts

More top reads image

Image Credits: SOPA Images / Contributor / Getty Images

Employee liquidity isn't a myth, but it isn't easy to provide either

Offering equity to startup workers is a standard practice, but the cat is finally out of the bag: “Many employees are slowly realizing that the stock options they have been banking on are essentially worthless,” writes Rebecca Szkutak.

At TechCrunch Disrupt, she interviewed three panelists to get their thoughts on how startups can retain and reward employees by offering them “early access” to liquidity as a motivator:

  • Maria Dramalioti-Taylor, general partner, Beacon Capital
  • Tyson Hendricksen, founder and CEO, Notice
  • Amir Ashkenazi, founder and CEO, Switchboard

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.

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Employee liquidity isn't a myth, but it isn't easy to provide either image

Image Credits: Ri Fotoproducto / Getty Images

On the pods

This week on Found, our old friend Darrell Etherington joins Becca Szkutak to talk with Professor Esther Rodriguez-Villegas from Acurable. Acurable is a medical device company that makes patient-friendly wearable devices that accurately diagnose and manage respiratory conditions at home.

As a career-long academic, Rodriguez-Villegas never intended to be a founder until she learned about how the currently available medical devices made it extremely difficult to detect and treat diseases like sleep apnea and epilepsy.

On this episode, they talk about balancing academic research and running a company, how to scale a medical device startup, and how Acurable has spread to hospitals throughout the U.K. by just word of mouth. Listen here.

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On the pods image

Image Credits: Bryce Durbin

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Tuesday, October 3, 2023

Nokia is manufacturing its new 5G phone for enterprise customers in Hungary

TechCrunch Newsletter
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The Daily Crunch logo

By Christine Hall

Tuesday, October 03, 2023

Ring, ring . . . hello? Today's top story is about Nokia's parent company, HMD Global, manufacturing its first smartphone in Europe. Meet the "Made in Hungary" Nokia XR21 5G phone.

Next, open banking has been a hit in countries like Brazil. Meanwhile, over in South Africa, open banking is also finding its stride. Today, Stitch announced $25 million in a Series A extension, led by Ribbit Capital, to continue developing its end-to-end payments solutions for enterprises. Read more.

Meanwhile, now that LinkedIn is of a certain age, it is making some changes under the hood. Namely going all in on some new AI tools for learning, recruitment, marketing and sales. Guess who it is working with on those?

And finally we can't get away from Sam Bankman-Fried, so we are leaning in. First, learn more about the U.S. government's involvement. Then see why this trial promises to be just as riveting as the rest of the FTX drama. (TC+)

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Image Credits: Nokia

More top reads

We didn't start the fire — he did: An FBI most-wanted Russian hacker reveals why he burned his passport. Get the scoop.

Vroom: Ford is really accelerating all of this electric vehicle stuff. Check out the new Ford F-150 Lightning Flash, which puts the technology and battery range on center stage. No brake zone here.

For when you want to stay hidden: Cloaked, a privacy and security startup, launched some new apps today that manage your logins with proxy emails, phone numbers and a built-in password manager. Learn more.

If you like keyboard porn: Check out Dry Studio's Black Diamond 75 gaming keyboard. It actually looks good.

Reverse logic: No more staying at home. DoorDash has deemed it necessary to eat out. The delivery giant is testing a feature that rewards users for dining out. Stretchy pants will have to wait.

Can you pay my telephone bills?: Sparx wants to do for enterprise what Truebill did for consumer recurring bills. And they are doing it for free.

Science labs need love: Automata raised $40 million and is giving science labs an automation and robotics treatment. Find out how.

Such snoops: The European Union says Meta is running ads unlawfully. Here's how Meta plans to get around that.

New fund alert: Get ready, startups, funding is coming your way. First, Greylock secures $1 billion for its 17th fund amid the launch of an early-stage founders program. Second, Visa earmarks $100 million to invest in generative AI companies. And HCVC is back with a new $75 million deep tech fund. With all of that going on, is venture capital spring here? (TC+)

More for your Tuesday:

US lawmakers ask TikTok about its ByteDance ties after recent exec transfers between the companies

Don't sweat the valuation headlines, ByteDance is doing great (TC+)

Gmail to enforce harsher rules in 2024 to keep spam from users' inboxes

Motel One says ransomware gang stole customer credit card data

Fearless Fund barred from awarding grant to Black women founders.

More top reads image

Image Credits: FBI/Department of Justice

TC Opinion: The EU is about to adopt a dangerous law with international consequences

Proponents of the European Media Freedom Act say the legislation will preserve independent reporting and reduce disinformation, but the rules “could lead to users . . . facing arbitrary content moderation and discrimination,” write Christoph Schmon and Paige Collings of the Electronic Frontier Foundation, a digital civil liberties organization.

“And with some hoping the law's effects could extend far beyond Europe by changing company policies in the United States and elsewhere, vulnerable people around the world could suffer.”

If you’d like to submit an opinion column to TechCrunch, please read our new editorial guidelines.

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TC Opinion: The EU is about to adopt a dangerous law with international consequences image

Image Credits: Baac3nes / Getty Images

Adapting to a world with higher interest rates — a guide for startups

TC+ guest columnist Mohit Agarwal says scaling startups need to consider every savings option at hand, like negotiating with vendors or buying short-dated Treasuries.

"Some boards will prohibit the buying of any form of securities, but most will be on board. After all, why not when there is a riskless 5%+ rate of return to be had."

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.

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Adapting to a world with higher interest rates — a guide for startups image

Image Credits: Mike Kemp / Getty Images

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