Look who’s investing in generative AI now

TechCrunch Newsletter

By Christine Hall Friday, November 03, 2023

In today's top story, Sarah listened to Apple's fourth-quarter earnings call so that you don't have to. Here’s what she came back with: CEO Tim Cook pushed back against some comments that the consumer tech giant was not innovating as much in the area of artificial intelligence. He said that may be noticed because Apple doesn't necessarily label its features as AI. To prove that, Cook confirms Apple has made investments in generative AI. Get the scoop. Meanwhile, Mary Ann writes about some bad news today — wholesale marketplace Faire, which raised at a $12.6 billion valuation last year, laid off 20% of its staff. Read more. And this is further evidence that you will never be sick of hearing about the latest AI-powered whatever. Here are five AI-powered tech gifts that are both fun and productive. Treat yo'self. Image Credits: Apple

More top reads A Meta amount of issues: We have a pair of Meta stories from across the pond for you. First up, Meta's latest privacy rip-off will test the European Union's mettle for reining in Big Tech. Simply put, an ad-free Facebook won't be free anymore. Meanwhile, both Meta and Amazon settle U.K. antitrust probes over use of third-party data to benefit marketplaces. Here’s what they are going to do. Safe and secure: DoorDash adds some new safety tools for its delivery people, including "driving insights." Find out what they do. Find the exact beige couch you've always wanted: Deft is building out an e-commerce search site to help you find the right product quickly. Shopper's delight, indeed. That's quite a leak you have there: Not sure if you were aware, but some of those apps you are using to communicate with others may actually be revealing your IP address. Learn more. More layoffs: Chinese EV darling Nio is cutting 10% of its staff, citing "fierce competition." This story is still developing. In the meantime, we have a comprehensive list of 2023 layoffs. For those who spread their wings: We've got 10 editor-tested travel gifts for your favorite frequent flier. Check them out. In a heartbeat: Blackbird invests in Carepatron's "radically accessible" healthcare management platform that is now pretty global. Read more. Failed to make Lemon8 out of U.S. lemons: Lemon8, the Instagram rival from TikTok parent ByteDance, hasn't gained much traction in the U.S. since launching earlier this year. Find out why. Put a pin in it: People are turning to Snap Map for firsthand perspectives from Gaza. Read more. Even more for your Friday: Why Mozilla is betting on a decentralized social networking future Black founders still care for Silicon Valley Bank (TC+) Revel ends moped sharing, focuses on EV charging and ride-hail Pitch Teardown: The CancerVAX crowdfunding campaign on StartEngine (TC+) Norrsken22's debut fund closes at $205M to back growth-stage startups in Africa Image Credits: Adam Berry / Getty Images

On the pods Today on Equity, Mary Ann, Becca and Alex chat about what happened to WeWork. They also discuss who Charlie is and explore an interesting health tech play in the Middle East. They also got into some massive fintech rounds and what to do when founding teams break up. Listen here. Read More Image Credits: Bryce Durbin

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Boeing confirms it was targeted in a ‘cyber incident’

TechCrunch Newsletter

By Christine Hall Thursday, November 02, 2023

Cybersecurity was top of mind in some of today’s top stories. First, Carly writes Boeing confirms a “cyber incident” after a ransomware gang claims data theft. Then Zack sheds light on mortgage and loan giant Mr. Cooper blaming a cyberattack for its ongoing outage. Speaking of ransomware, Carly provides some answers to a question about whether government sanctions against ransomware groups work. Meanwhile, many of you were enamored with Connie's story about how a new generation of companies are taking over prime real estate in San Francisco. They're movin' on up. And if you've always wanted to draw comics, but alas you can't draw, Catherine writes that Dashtoon is here for you. Here's how it’s turning storytellers into artists. Image Credits: Just_Super / Getty Images

More top reads Do you know where you're going?: Zephr emerges from stealth with $3.5 million and plans to create a "networked GPS" using cell phones. Read more. At your command: Google's Gradient is backing Charm, a startup that wants to bring more pizzazz to the command line. Where GUI meets CLI. Let's hope it gets windy: AirLoom has a plan to halve the cost of wind power. Here's how. (TC+) What happens at a hackathon . . . : Can sometimes turn into a big idea. That's how Factory, using AI to automate the software development life cycle, came to be. Get the scoop. I'm tired of doing the same thing for the hundredth time: So are a lot of other people. Meet Sweep, a startup that aims to automate basic developer tasks using large language models. Investors like it. A financially healthy employee is a happy one: Payroll Integrations grabs $20 million so that employers can support their employees’ financial wellness. Cha-ching. Not so stable of a coin, apparently: The U.S. Securities and Exchange Commission subpoenas PayPal over its USD-pegged stablecoin. Learn more. Spot the government contract: It's tough to navigate through the millions of government contracts available, and Govly doesn't want you to. It's developing a platform that will do all the searching for you. Here’s how it works. New at the helm: Revolut appoints a new U.K. CEO as the company's British banking license is still pending. Meet Francesca Carlesi. A better picture of Earth: Kuva Space raises a €16.6 million Series A to scale its hyperspectral imagery ambitions that include better and more pictures of the materials on Earth. Picture this. Making inroads: Japan's SBI Holdings commits $40 million to anchor Novastar Ventures’ future funds. Learn why it is eyeing Africa. Share to your little heart's content: A new Facebook Stories API helps creators share directly from third-party desktop or web apps. See how this manifested. Even more for your Thursday: Personal finance app Monarch sees bump in users following Intuit's news it is closing Mint Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B DoorDash tests warning non-tippers that their order could be slow to arrive 10 years since the term 'unicorn' was coined, we've almost come full circle (TC+) Image Credits: Blend Images - Diego Cervo / Getty Images

On the pods For this week's episode of Chain Reaction, Jacquelyn is joined by TechCrunch+ editor in chief, Alex Wilhelm, to discuss the end of the trial for Sam Bankman-Fried, former CEO of FTX, who is facing seven charges related to fraud and money laundering. They talked about: SBF's testimony. The prosecution's closing arguments. The defense's closing arguments. Key points in the case. What's next for the trial. Listen here. Read More Image Credits: Bryce Durbin

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Newest Jobs from Crunchboard Virtualization Engineer / Systems Administrator - Journey at Washington State Department of Natural Resources (Olympia, WA, USA) Sr. Software Development Engineer at Radiant Vision Systems (Redmond, WA, USA) Enterprise Systems Integration Manager at Earthjustice (Anywhere) QA Engineer, Data Validation at Murmuration (USA) Systems Engineer Specialist - hybrid, Twin Cities metro area candidates only at American Registry of Radiologic Technologists (St Paul, MN, USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.

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