Friday, January 5, 2024

What do Ryan Reynolds and Sam Altman have in common?

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By Christine Hall

Friday, January 05, 2024

To answer the question from today's headline, Paul reminds us why we've heard of mobile virtual network operators (MVNOs), who's using them and why they are having a moment right now. Get the scoop.

Meanwhile, artificial intelligence is seeping into every industry as a way to automate and streamline workloads. Romain writes about Nabla, a French startup that raised another $24 million for its AI approach to helping doctors. Read more.

And Kirsten reports on Aurora and Continental, which made a pre-CES announcement that they completed the first phase of a more than $300 million project to mass-produce autonomous vehicle hardware for commercial self-driving trucks. Buckle up.

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Image Credits: Jobalou / Getty Images

More top reads

Tough year in VC: Venture capital activity was down everywhere, including Africa. In today's story, Annie and Tage give a deep dive into what happened in 2023 and talk to investors about what happened and where the ecosystem goes from there. Read more.

Drive time: Uber is testing a flexible pricing model across India in a move that could help it gain a broader customer base. See how it works.

IPO alert: MobiKwik, an Indian financial services company, is going after an $84.2 million raise through issue of new shares in an initial public offering in the home market. Read more.

Pitch Deck Teardown: In this latest version, which just so happens to be the 78th one (and you can be the 79th), Haje looks at Pepper Bio's seed deck. Find out what he liked, and didn't like, about the drug discovery company's approach. Get the scoop. (TC+)

Hype it up: Artificial intelligence was everywhere in 2023, especially if you've been reading TechCrunch. After a year of hyping it up, venture capitals say they are eager to move forward and see more enterprise adoption and vertical AI solutions. Learn more. (TC+)

Watching for the plateau: It's true — when you hit a peak, usually the only way to go is down. And as I mentioned at the beginning of this section, it's been a tough year for VC. Now we have the fourth-quarter data to prove it. Take a look. (TC+)

In case you missed it:

CES 2024: How to watch as Nvidia, Samsung and more reveal hardware, AI updates

Logan Paul promises CryptoZoo refunds, as long as you don't sue him

Lawsuit against Snap over fentanyl deaths can proceed, judge rules

The goal of a startup is to cease existing (TC+)

More top reads image

Image Credits: Bryce Durbin/TechCrunch

On the pods

This week on Equity, we kicked things off with news of Ruth Foxe Blader leaving Anthemis to launch Foxe Capital and Exponent announcing their second fund. We then dove deep into layoffs and shutdowns for Frontdesk and Countdown Capital, respectively, and new efforts to support tech startups in both Israel and Palestine. Listen here.

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Image Credits: Bryce Durbin

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Thursday, January 4, 2024

Data breach law firm has a breach of its own

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By Christine Hall

Thursday, January 04, 2024

You really can't make this stuff up! In today's top story, Zack reports that a law firm that handles data breaches was hit by its own data breach. Personal information and sensitive health data was stolen from some 630,000 people. Find out what happened.

Meanwhile, another generative AI startup rakes in the capital, and a higher valuation. Kyle writes about Perplexity AI, an AI-powered search engine that is now valued at $520 million after raising $73.6 million. Here's how it works.

And you all really enjoy your Microsoft news. After Copilot's launch yesterday on iOS and Android, Frederic reports that Microsoft wants to add a Copilot key to your PC keyboard. Read why 2024 might be the "year of the AI PC.”

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Image Credits: Gado / Getty Images

More top reads

More capital ahead: Ex-Plaid and ex-Robinhood executives walk into a bar, and what results is Exponent Capital, which has now raised $75 million to invest in early-stage startups. Learn about their investment thesis.

This truck has a little face: Autonomous delivery startup Nuro taps simulation company Foretellix to help virtually test its driving system in an effort to cut R&D costs. Read more.

For those who miss pushing tiny buttons: For just $139, this startup turns your iPhone into a BlackBerry-era relic. Get the scoop.

The eyes have it: Ahead of CES next week, Qualcomm unveils its next-generation XR chip that promises up to 4.3k resolution per eye. Check it out.

Going link by link: A new report shows that software supply chain security remains a challenge for most enterprises. See why.

You can never shop enough: TikTok has plans to grow its TikTok Shop U.S. business tenfold to $17.5 billion in 2024. Here's how it plans to do that.

Comparison shopping: For those of you who like to compare apps before you use them, here's how HSBC's international payments app Zing compares to Wise and Revolut. Read more.

Shorty got low, low, low, low, low, low, low: As we find out, big, costly seed deals were the exception in 2023's lackluster venture capital market. Learn about the wrinkle. (TC+)

This year, be a new and improved "you": Apple wants to help you with that with some new features for Apple Fitness+ that include sound meditation and a workout program for golfers. Time to tee up.

Take this exit: See which way some VCs are going when it comes to exits in 2024. Read more. (TC+)

Even more for your Thursday:

This startup is bringing a 'voice frequency absorber' to CES 2024

OpenAI's app store for GPTs will launch next week

Satellite imagery analysis shows immense scale of dark fishing industry

Big offshore wind farms are now transmitting sweet, sweet battery juice to the US grid

Superpedestrian to auction 20,000 e-scooters after shutting down

Is the latest near-room-temperature superconductor legit? Don't count on it (TC+)

More top reads image

Image Credits: Charley Ma and Mahdi Raza / Exponent Founders Capital

On the pods

On this week's Chain Reaction, Jacquelyn dove back into the latest developments on spot bitcoin ETF applications in the U.S. as anticipation builds. Fred Thiel, the CEO of Marathon Digital Holdings, a digital asset technology company and the largest publicly traded bitcoin mining firm, joined to help break down the latest developments on spot bitcoin ETFs. Listen here.

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Image Credits: Bryce Durbin

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