Startups

Daily Crunch: Due to ‘growing concerns about security risks,’ Samsung bans workers from using generative AI

Comment

a Samsung sign on a storefront in London
Image Credits: Future Publishing / Contributor / Getty Images

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.

May the twoth be with you — we never did understand that joke, to be honest. Maybe one of y’all can explain it to us.

There’s still a bit of time left if you want to get your applications in for Startup Battlefield 200. Come to TechCrunch Disrupt 2023, and pitch in front of a room full of fellow startups and — definitely more importantly — investors. And don’t forget to vote for the breakout sessions you want!

Christine and Haje

The TechCrunch Top 3

  • No ChatGPT for you: That’s what Samsung is telling its employees following a leak last month where the company’s internal data was put on ChatGPT, reports Kate.
  • Oh, who are the people in your neighborhood?: Want help finding your lost dog? Nextdoor now has a new “Assistant” feature, powered of course by OpenAI’s ChatGPT, to help users of the neighborhood social network write posts that will have more positive engagement, Aisha writes.
  • Payday: Tage writes about Nomba’s recent fundraise of $30 million. The African payment service provider gives businesses tools to securely accept payments.

Startups and VC

Ann Lai, a general partner at Bullpen Capital, says she has been fired from the firm, Natasha M reports. The investor described the termination experience as “discriminatory and retaliatory” in a LinkedIn post published on Monday. Lai helped raise Bullpen Capital’s most recent $145 million fund, the first fund in which she was named an equal partner.

Today on Found, the TechCrunch podcast that gets the stories behind the startups, the team is talking with Stefan Bauer about how Marker Learning is cutting the cost of learning disability assessments by conducting them remotely, how they’ve successfully worked with school districts to help them test their required amount of students, and the potential to take Marker Learning into the prison system to assess incarcerated people and provide them with tools to learn in a way that’s better suited to their abilities.

And we have another fistful or two for you:

How to run efficient and effective early-stage board meetings

F1 pit crew working on F1 car.
Image Credits: JonFeingersh (opens in a new window) / Getty Images

Many CEOs see preparing board decks as an unpleasant chore, but done properly, it’s an opportunity for founders to hone their storytelling skills, engage their team leads and squeeze more value out of investor relationships.

Amy Cheetham, a partner with Costanoa Ventures, shared 11 board slides with TC+ that demonstrate effective ways to convey accomplishments, product pipeline details, hiring and team growth, and other key priorities.

“The slides in this article aren’t meant to be a complete board deck,” she writes. “They are examples of real, early-stage board slides from seed and Series A stage companies that did a great job informing their boards and driving constructive discussions.”

How to run efficient and effective early-stage board meetings

Three more from the TC+ team:

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!

Big Tech Inc.

You know what people hate more than losing things? Buying a thing-tracking device only to have them be part of something unsafe. Sarah writes that Apple and Google have teamed up to create some standard safety measures for these Bluetooth devices to curb unwanted tracking.

Speaking of companies coming together, Box is partnering with OpenAI to deliver some generative AI tools across its document management platform. Ron has more.

And we have five more for you:

More TechCrunch

The spam reached Bluesky by first crossing over two other decentralized networks: Mastodon and Nostr.

The ‘vote Trump’ spam that hit Bluesky in May came from decentralized rival Nostr

Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of…

There’s a real appetite for a fintech alternative to QuickBooks

The company is hoping to produce electricity at $13 per megawatt hour, which would be more than 50% cheaper than traditional onshore wind.

Bill Gates-backed wind startup AirLoom is raising $12M, filings reveal

Generative AI makes stuff up. It can be biased. Sometimes it spits out toxic text. So can it be “safe”? Rick Caccia, the CEO of WitnessAI, believes it can. “Securing…

WitnessAI is building guardrails for generative AI models

It’s not often that you hear about a seed round above $10 million. H, a startup based in Paris and previously known as Holistic AI, has announced a $220 million…

French AI startup H raises $220M seed round

Hey there, Series A to B startups with $35 million or less in funding — we’ve got an exciting opportunity that’s tailor-made for your growth journey! If you’re looking to…

Boost your startup’s growth with a ScaleUp package at TC Disrupt 2024

TikTok is pulling out all the stops to prevent its impending ban in the United States. Aside from initiating legal action against the U.S. government, that means shaping up its…

As a US ban looms, TikTok announces a $1M program for socially driven creators

Microsoft wants to put its Copilot everywhere. It’s only a matter of time before Microsoft renames its annual Build developer conference to Microsoft Copilot. Hopefully, some of those upcoming events…

Microsoft’s Power Automate no-code platform adds AI flows

Build is Microsoft’s largest developer conference and of course, it’s all about AI this year. So it’s no surprise that GitHub’s Copilot, GitHub’s “AI pair programming tool,” is taking center…

GitHub Copilot gets extensions

Microsoft wants to make its brand of generative AI more useful for teams — specifically teams across corporations and large enterprise organizations. This morning at its annual Build dev conference,…

Microsoft intros a Copilot for teams

Microsoft’s big focus at this year’s Build conference is generative AI. And to that end, the tech giant announced a series of updates to its platforms for building generative AI-powered…

Microsoft upgrades its AI app-building platforms

The U.K.’s data protection watchdog has closed an almost year-long investigation of Snap’s AI chatbot, My AI — saying it’s satisfied the social media firm has addressed concerns about risks…

UK data protection watchdog ends privacy probe of Snap’s GenAI chatbot, but warns industry

U.S. cell carrier Patriot Mobile experienced a data breach that included subscribers’ personal information, including full names, email addresses, home ZIP codes and account PINs, TechCrunch has learned. Patriot Mobile,…

Conservative cell carrier Patriot Mobile hit by data breach

It’s been three years since Spotify acquired live audio startup Betty Labs, and yet the music streaming service isn’t leveraging the technology to its fullest potential — at least not…

Spotify’s ‘Listening Party’ feature falls short of expectations

Alchemist Accelerator has a new pile of AI-forward companies demoing their wares today, if you care to watch, and the program itself is making some international moves into Tokyo and…

Alchemist’s latest batch puts AI to work as accelerator expands to Tokyo, Doha

“Late Pledge” allows campaign creators to continue collecting money even after the campaign has closed.

Kickstarter now lets you pledge after a campaign closes

Stack AI’s co-founders, Antoni Rosinol and Bernardo Aceituno, were PhD students at MIT wrapping up their degrees in 2022 just as large language models were becoming more mainstream. ChatGPT would…

Stack AI wants to make it easier to build AI-fueled workflows

Pinecone, the vector database startup founded by Edo Liberty, the former head of Amazon’s AI Labs, has long been at the forefront of helping businesses augment large language models (LLMs)…

Pinecone launches its serverless vector database out of preview

Young geothermal energy wells can be like budding prodigies, each brimming with potential to outshine their peers. But like people, most decline with age. In California, for example, the amount…

Special mud helps XGS Energy get more power out of geothermal wells

Featured Article

Sonos finally made some headphones

The market play is clear from the outset: The $449 headphones are firmly targeted at an audience that would otherwise be purchasing the Bose QC Ultra or Apple AirPods Max.

5 hours ago
Sonos finally made some headphones

Adobe says the feature is up to the task, regardless of how complex of a background the object is set against.

Adobe brings Firefly AI-powered Generative Remove to Lightroom

All cars suffer when the mercury drops, but electric vehicles suffer more than most as heaters draw more power and batteries charge more slowly as the liquid electrolyte inside thickens.…

Porsche Ventures invests in battery startup South 8 to boost cold-weather EV performance

Scale AI has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors including Amazon and Meta.

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

The new coalition, Tech Against Scams, will work together to find ways to fight back against the tools used by scammers and to better educate the public against financial scams.

Meta, Match, Coinbase and others team up to fight online fraud and crypto scams

It’s a wrap: European Union lawmakers have given the final approval to set up the bloc’s flagship, risk-based regulations for artificial intelligence.

EU Council gives final nod to set up risk-based regulations for AI

London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

Zen Educate, an online marketplace that connects schools with teachers, has raised $37 million in a Series B round of funding. The raise comes amid a growing teacher shortage crisis…

Zen Educate raises $37M and acquires Aquinas Education as it tries to address the teacher shortage

“When I heard the released demo, I was shocked, angered and in disbelief that Mr. Altman would pursue a voice that sounded so eerily similar to mine.”

Scarlett Johansson says that OpenAI approached her to use her voice

A new self-driving truck — manufactured by Volvo and loaded with autonomous vehicle tech developed by Aurora Innovation — could be on public highways as early as this summer.  The…

Aurora and Volvo unveil self-driving truck designed for a driverless future

The European venture capital firm raised its fourth fund as fund as climate tech “comes of age.”

ETF Partners raises €285M for climate startups that will be effective quickly — not 20 years down the road