Monday, January 29, 2024

Can a startup take on Google’s mobile search hegemony?

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By Alex Wilhelm

Monday, January 29, 2024

Good morning, and welcome to TechCrunch AM, our morning newsletter built to get you up and running! Today, we're talking about a big implosion in the world of edtech, why tweeting is a bad idea, a mobile app taking on Google Search, and the end of a big Amazon deal.

Alex

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TechCrunch Top 3

  1. Byju's is now effectively worthless: Desperate for cash to stay alive, the Indian edtech startup and former unicorn is hunting for cash at a $220 million to $250 million valuation. That's a roughly 99% cut in value, in case you wanted to run the math. The question now is whether Byju's issues are self-inflicted or representative of the state of edtech. Investors remain somewhat bullish on the sector, though.
  2. Garry Tan reminds us to Never Tweet: Y Combinator's president Garry Tan told several San Francisco politicians to expire unhurriedly in a tweet that he later described as a reference to Tupac Shakur’s famous song, "Hit 'Em Up." TechCrunch's Editor in Chief Connie Loizos writes that Tan is "amiable in person," but has "become increasingly combative on social media." Criticizing politicians is all well and good, but telling them to die is a bit much, no?
  3. Spotify calls out Apple: In response to Apple choosing to follow the letter of the EU market's Digital Markets Act and not its spirit, Spotify is calling Apple's compliance plan "a complete and total farce." Spotify CEO Daniel Ek's post on the development starts off with "While Apple has behaved badly for years, what they did yesterday represents a new low," so you can probably imagine how the rest of it goes.
TechCrunch Top 3 image

Image Credits: Paul Yeung / Bloomberg / Getty Images

Don't miss these

Can AI fix lost and found? In the latest entry of her Deal Dive series, Rebecca Szkutak took a close look at Boomerang, which uses machine learning to match pictures and descriptions of lost items. Frankly, as someone who can get lost in a closet, this startup's idea resonates with me on a new level.

iRobot and Amazon call off their marriage: Hey look, regulators do win sometimes! In this case, the European government – said with the kindest possible inflection – scorned Amazon for buying iRobot, which makes robot vacuum cleaners and the like. And as a result, the companies are now going to go their separate ways.

The Browser Company takes on mobile search: I've used Arc, the desktop browser from The Browser Company, and it's pretty neat. But the company has bigger ambitions than just remaking browser tech: It has launched Arc Search, which uses AI to provide users with a "neatly built webpage with information about [their] search query." Any competition in the realm of search is welcome, so here's a shoutout to the startup for shaking things up.

How to use AI to build new stuff: Alex Circei, the CEO and co-founder of Waydev, has insightful notes on how founders and leaders can strategize and budget for AI-assisted software development in 2024.

Can venture capital survive a 3-year liquidity drop? Equity recently sat down with Crunchbase's Gene Teare to chat through venture capital data, and what it portends. We found that while the long-running dearth of exits has complicated venture math, there could be good news on the horizon.

Oh look, another room-temp superconductor: Carry your bags of salt, everyone, we're going back into murky forests of science, where scientists tend to claim that the seemingly impossible room-temperature superconductor problem has been solved, once and for all. This time, however, the claim comes from a startup and a university, which sounds more serious. But like we said, be skeptical.

Don't miss these image

Image Credits: Courtesy of Boomerang.

Before you go

How to poison AI: If you are worried about AI companies using your art or images, I have good news: Nightshade, a project from the University of Chicago, gives artists some recourse by 'poisoning' image data, rendering it useless or disruptive to AI model training. Wild.

Before you go image

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Friday, January 26, 2024

How Mercedes-Benz accidentally exposed internal data

TechCrunch Newsletter
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By Christine Hall

Friday, January 26, 2024

Good afternoon and welcome to TechCrunch PM. It might be Friday, but the news never sleeps. Today we dig into what happened when Mercedes-Benz left a private key exposed online, why tech layoffs don't seem to be stopping, and how Microsoft is making lemonade out of lemons. Have a great weekend! — Christine

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TechCrunch PM Top 3

How a mistakenly published password exposed Mercedes-Benz source code: It all started with a routine internet scan that discovered a Mercedes employee's authentication token in a public GitHub repository.

Yes, the tech layoff surge you are feeling is real: Tech layoffs were trending down in the last half of 2023, and then 2024 came and had to mess everything up. Over on TechCrunch+, Alex Wilhelm and Anna Heim look at tech layoff data to tell us what's going on.

NSA is buying Americans' internet browsing records without a warrant: Call it a "legal gray space" if you will. However, until a U.S. court says otherwise, the agency will continue to argue that method is perfectly legal. Bad news for Kevin Malone.

TechCrunch PM Top 3 image

Image Credits: mathisworks / Getty Images

More top reads

Microsoft says Russian hackers targeted others: One week after revealing it was a victim of a hack carried out by Russian government spies, Microsoft writes in a blog post that it wasn't the only one. And it's being a good friend and notifying those other organizations.

Robotics as a service: Chef Robotics is ready to whip up some commercial business after raising $14.75 million in an equity/debt combo. Automation in the kitchen can be a costly endeavor for restaurants where profit margins are often low. However, Chef Robotics wants to focus on food assembly instead of cooking.

Inside Apple's EU changes: Apple dropped some iOS changes yesterday related to the European Union's Digital Markets Act. Now it's piloting a program for "contingent pricing" for developers to make the App Store more appealing. Also, we wouldn't be TechCrunch if we didn't take a closer look at what all of this means.

When the name of the song is on the tip of your tongue: The Shazam app now has a feature that lets you identify music you hear on a TikTok or YouTube video while wearing headphones. This is something that was available, but not a feature you could do while wearing headphones.

Three UK councils still down following cyberattack: The councils for Canterbury, Dover and Thanet — all based in the U.K. county of Kent — say their council tax payments and online forms are still disrupted one week after confirming a cyberattack had knocked some systems offline.

What did they say?: Apple Podcasts now offers auto-generated transcripts as part of changes in iOS 17.4. It's only in four languages currently. If you're like me and miss portions of your true crime stories because you're deep in story-writing mode, at least you can better find where you left off.

Pitch Deck Teardown: Over on TechCrunch+, Haje Jan Kamps dissects Doola's $1 million strategic investment deck and tells us how the business-in-a-box startup did.

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Image Credits: Chesnot/Getty Images / Getty Images

On the pods

This week on Equity, Plural VC announces a new fund, Fantuan teams up with Chowbus, and Vroom leaves the car-selling business. We’ll also chat through what’s happening over at Brex and why edtech might not be in the dire straits that many presume that it is. Listen here.

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