Monday, September 25, 2023

Amazon acquires minority stake in Anthropic for $4B that expands AWS integration

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By Christine Hall

Monday, September 25, 2023

In today's top story, we confirm that market interest in artificial intelligence has indeed grown — dare we say skyrocketed? — since 2016. Amazon wants to continue taking stakes. The e-commerce giant plans to invest up to $4 billion in AI startup Anthropic. Go inside this strategic move.

Meanwhile, in ChatGPT's latest evolution, OpenAI gives it a voice for verbal conversations. Oh, and image-based smarts, too.

And for all you Tinder users just waiting for your spotlight, the dating app now offers a $499-per-month tier to be matched with the "most-sought after" profiles. It's Tinder Select.

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Image Credits: Getty Images

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When underwater literally means just that: Google expands its subsea cable infrastructure with Nuvem to connect the U.S. with Bermuda and Portugal. Here's when it will be operational.

Grammar, Spanish-style: Correcto grabs $7 million to build out its "Grammarly for Spanish." Common phrases get a digital treatment.

Take Goodnotes on this new deal: Note-taking app Goodnotes invests $1.9 million in digital stationery company WeBudding. Find out why the startup pivoted.

You gotta pay to play with X: Rumors have swirled recently about what X plans to put behind a paywall. Today, audio and video calls will become a premium subscriber–only feature. Ring-a-ching-ching.

Diamond in the rough: The current labor market is a gold mine of talent for startups. Here's why. (TC+)

Search no more for that scientific needle in a haystack: Elicit is building a tool to automate scientific literature review. It's like having a digital card catalog.

Finally those fake coins are worth something: Reddit will start paying you real money for your karma. Now, that's some good karma.

Meet Jenkins: Nx lands $16 million to build "monorepo" tools, like Jenkins, for software developers. Don't worry, we tell you what that is.

Lesson learned: TeachMe.To lands $2 million to connect beginner athletes with local coaches. You now have no excuse to learn pickleball.

This Mixin was not on the frozen yogurt menu: Hackers steal $200 million from crypto company Mixin. This one broke some records.

Sometimes it's best to just listen: What's the best way to run a startup in a world full of advice? We have some answers. (TC+)

Weekend warriors you may have missed:

California governor vetoes bill to ban driverless AV trucks

Building an equitable cap table puts more tools in a startup's toolbox (TC+)

India’s PhonePe launches app store with zero fee in challenge to Google

More top reads image

Image Credits: Dragon Claws / Getty Images

How CFOs can reduce SaaS spend by 30% in these tough times

Software is a company’s third-largest expense, but because it’s spread across multiple departments, it’s the CFO’s responsibility to find places to cut.

In a TC+ column that includes spending benchmarks (based on employee size), CloudEagle founder and CEO Nidhi Jain shares her “cost-optimization playbook” for SaaS startups.

“The primary objective for CFOs should be to identify where they're spending, recognize departments with the highest costs, and identify instances of low utilization and application redundancies,” she says.

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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How CFOs can reduce SaaS spend by 30% in these tough times image

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On the pods

Equity is back from Disrupt and getting you caught up on stocks around the world, as well as the Cisco-Splunk deal, why everyone loves Anthropic, how Meta is building AI chatbots while Apple is working to build more in India, and Correcto’s latest round.

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On the pods image

Image Credits: Bryce Durbin

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Friday, September 22, 2023

As seen on TV: Amazon Prime Video is adding commercials early next year

TechCrunch Newsletter
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The Daily Crunch logo

By Christine Hall

Friday, September 22, 2023

Do you remember . . . the 21st night of September? When TechCrunch concluded the amazing Disrupt, and too much confetti fell from the skkkkyyyyyy? Sorry, I could not help myself.

In today's top story, Amazon Prime Video is joining all of the other streaming services and will start showing ads next year. Because if someone will pay you more to not see them, that's a revenue stream, amirite? Get the scoop.

Meanwhile, are you one of the millions of people who got on Threads? The X rival wants to keep you there with some new features. Here is one of the newest.

And Intel is finding itself with a reimposed fine from the European Union. Find out what it did . . . again.

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Image Credits: Visual Generation / Getty Images

More top reads

Fiscal responsibility: Meet FinanceGPT, a South African startup out to simplify financial analysis and interface in local languages. Here's how.

Full steam ahead: It looks like the restructured deal for Microsoft's acquisition of Activision is going to clear in the U.K. Read more. And as that acquisition moves forward, take a look at what we learned from Microsoft's big Xbox leak. Meanwhile, Bing gets some new AI-powered improvements, including its mobile keyboard app SwiftKey.

Music on my mind: Niura's EEG-implemented earbuds scan your brain health and recommend music to your mood. Maybe now you will remember that song you keep humming.

Regulating crypto: Haun Ventures' Chris Lehane says the SEC isn't handling crypto regulation "strategically." Here's what it should be doing. (TC+)

Investing in crypto: We also heard from Haun Ventures' founder Katie Haun, who believes now is a good time to invest in crypto. Get on board.

Under attack: Parisa Tabriz spills the tea on how Google stays ahead of hackers. Read more.

Making a pixelated comeback: Pixel Pals delivers a cute and clever update that takes advantage of new iOS features. Give your virtual pet some love.

David vs. Goliath: Power amplifier startup Falcomm to close $4 million to take on Qualcomm and Broadcom. Learn more.

More top reads image

Image Credits: FinanceGPT

Visa Declares a New Age for How Money Travels Abroad

Sponsored by Visa

Person-to-person money movement across borders can be fragmented, slow and inefficient. The Money Travels: 2023 Digital Remittances Adoption Report survey reveals consumers see the future as digital.

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Pitch Deck Teardown: Transcend's $20M Series B deck

In August, infrastructure design startup Transcend raised a $20 million Series B to grow its customer base, which uses its service to automate the design of critical infrastructure like power transmission and wastewater systems.

The company's founders shared their partially redacted winning deck with TC+:

  1. Cover
  2. Summary
  3. Problem and Solution
  4. Product
  5. Traction
  6. Benefits
  7. Virtual demo (video)
  8. Company/product history
  9. Differentiation
  10. Customer segment
  11. Value proposition per customer segment
  12. Market opportunity
  13. Product roadmap [redacted]
  14. Customer case study
  15. Team
  16. Use of funds
  17. Closing

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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Pitch Deck Teardown: Transcend's $20M Series B deck image

Image Credits: Transcend

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