Thursday, May 18, 2023

OpenAI releases iOS ChatGPT app, says Android version is coming 'soon'

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By Christine Hall

Thursday, May 18, 2023

To get a roundup of TechCrunch's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Hello, today we bring you news on OpenAI's new app, cookies (not the kind you eat, unfortunately) and Premom sharing data without consent. This is your Daily Crunch for Thursday. — Christine

Today's top story is the announcement of OpenAI's ChatGPT app for iOS. The good parts? It's free, there are no ads and it will allow for voice input. Learn more about the app.

Google is ready to do some heavy lifting in the online advertising industry. It is poised to have its Privacy Sandbox replace third-party cookies early next year. Find out more about what this means.

Now, move over, Apple — Step is taking the crown for having the highest rate on a savings account. Get the scoop on how to get your hands on this account.

Food delivery is a tough business, making it difficult to reach profitability. However, India-based Swiggy is the latest to be able to make that claim. Learn how they reached this milestone.

Ever see a walking humanoid robot? Well, you can say you have today. Watch Figure's robot do more than walk.

There were a few things going on in venture capital today: SoftBank has a new fund that will invest $150 million in Black and Latino-led startups, while Ireland's Elkstone closes its first fund with $108 million to invest in early-stage startups.

Climate risk startup Mitiga gets $14.4M to help businesses face an uncertain future

Pale Blue Dot backs Amini, an African climate tech startup solving environmental data scarcity

Night sweats to climate tech: Kelvin eyes heat pumps and nabs $30M

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Image Credits: Pavlo Gonchar/SOPA Images/LightRocket / Getty Images

Big Tech Inc.

A new Federal Trade Commission complaint alleges that Premom, a fertility tracking app developed by Easy Healthcare, shared users' sensitive health information with third-party advertisers without their consent. Find out more on who was impacted.

It's been a hot minute since we last discussed e-commerce aggregator Thrasio. It seems the company cut its stake in Lifelong Online, an Indian house of brands. Read more about how this came about.

Meta is making some big bets on artificial intelligence and also now has a code-generating AI model to rival Copilot.

Meanwhile, Apple's retail stores are hiring more people of color, but learn why unions still have an issue with their employment practice. Also, it's official: Apple TV launched its multiview feature for sports fans. Get the scoop.

YouTube is bringing 30-second unskippable ads to TVs

1Password's new service lets businesses quickly adopt passkeys

Micron to invest $3.6B in Japan for next-gen memory chips

Ask Sophie: Which visas are best for US startup accelerators?

Dear Sophie,

I co-founded a startup last year, and my co-founder and I were just accepted to an accelerator program in the United States!

What type of visa can we get to come to the U.S. that allows us to stay there so we can grow our startup after the accelerator ends?

— Jazzed in Johannesburg

Three more by the team:

Alibaba's cloud spin-off may serve as a good yardstick to value other major players

Coinbase launches subscription service with focus on European expansion

Pitch Deck Teardown: Ageras' $36M Private Equity deck

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

Ask Sophie: Which visas are best for US startup accelerators? image

Image Credits: Bryce Durbin/TechCrunch

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Wednesday, May 17, 2023

Judge orders Elizabeth Holmes to report to prison and pay Theranos hoax victims $452M

TechCrunch Newsletter
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The Daily Crunch logo

By Christine Hall

Wednesday, May 17, 2023

To get a roundup of TechCrunch's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Today, we bring you the latest on Elizabeth Holmes and her prison sentence, Wefox keeping its valuation and Google's in-app billing policy in India. This is your Daily Crunch for Wednesday. — Christine

Well, Elizabeth Holmes tried what she could, but after attempting to delay and appeal her 11-year sentence, "a panel of Ninth Circuit judges ruled that Holmes' legal team has not raised enough of a 'substantial question' to keep her out of prison." Only, that's not all. Here’s why “Time’s up for Elizabeth Holmes.”

German insurtech Wefox secured $55 million in new funding from existing investors, but that's not the impressive news: The company managed to maintain the same valuation of $4.5 billion. Find out how.

Jia, a blockchain-based fintech startup, banked $4.3 million in seed funding and an additional $1 million commitment for on-chain liquidity. The one-year-old company provides loans of up to $5,000 to micro and small businesses in emerging markets. Read more on how Jia plans to deploy the capital.

Healthy vibe: Singapore's Ora has some fresh capital to support its vertically integrated approach to telehealth.

Expansion plans: Tiger Global, Sawari Ventures and Raba co-led a round of $8.25 million into Axis to launch its digital payments platform for Egyptian SMEs into the North African market.

That's hot: Insurtech bolttech is now valued at $1.6 billion after getting $196 million from investors like MetLife.

Young European startups, listen up: Finnish VC firm Lifeline Ventures now has a $163 million fund for early-stage startups.

Everything's better with a friend: Two cloud security companies, Eagle Eye Networks and Brivo, did a joint round where they raised $192 million. The pair of U.S. companies are majority owned by the same individual, security entrepreneur Dean Drako.

 image

Image Credits: Getty Images

Big Tech Inc.

Google said its Google Play payments policy is now in compliance with India's watchdog order and so it's moving ahead with plans to enforce the policy in the South Asian market. Learn more.

You want some Echo Pop? First, find out what that even is, and then see how it refreshes Amazon's lineup of new gadgets and gizmos. There's aplenty.

More blue check marks: Meta's paid verification program is now available in the U.K.

Binge-worthy: Disney+ plans to launch all of its "Echo" episodes at once amid changes to its release model.

Level up: Ripple acquires Metaco, a crypto custody startup, for $250 million.

ICYMI: Tesla held its shareholder meeting this week. Find out what happened.

Cybersecurity investment opportunity makes waves

Sponsored by Atakama

Investing in cybersecurity tech companies has never been easier. Learn why over 5,000 investors have already placed their bet on up-and-coming cybersecurity start-up, Atakama. Don't miss your chance to get in on this exclusive opportunity.

Let me in!

Here's what I learned while leading a bootstrapped startup to $40M ARR

Hotjar launched as a bootstrapped startup in 2014, but since then, CEO Mohannad Ali says it has reached $40 million ARR.

“The influence of the larger product insights market and our relationship with customers enabled us to move quickly and pivot regularly,” writes Ali, who shares the early strategies they used to manage beta testing, pricing and marketing.

“If you've been considering bootstrapping, now is the time to commit,” he says.

Three more from the team:

Are rising seed-stage valuations a poisoned gift for startups?

Emerging managers shouldn't rush a first close — even in this market

To hire your first startup employee, begin with a list of 1,500 people

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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Here's what I learned while leading a bootstrapped startup to $40M ARR image

Image Credits: David Malan / Getty Images

Calling all early-stage startups! Apply to join the Startup Battlefield 200 cohort at TechCrunch Disrupt 2023. All finalists get expert training, VC networking, a booth at Disrupt, and the chance to compete for $100,000 in equity-free funds. Applications close May 31. 

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