TechCrunch

AUGUST 5, 2023

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of the last week’s stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. YouTube has begun experimenting with AI-generated summaries for videos on the watch and search pages, though only for a limited number of English-language videos and viewers.

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Hunter Walk

AUGUST 5, 2023

Hi! I took a month or so off from writing, largely because so much was in motion, that I needed to get some work done and process a bit before committing thoughts to, err, paper? We hit 18 months on the Homebrew Forever model (and just closed our 20th investment using personal capital) so lots to share on that front soon’ish. And Screendoor , our fund of funds backing emerging managers from underrepresented populations, continues to amaze me in ways I didn’t anticipate (more on that

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SaaS startup capital ventures 64

TechCrunch

AUGUST 5, 2023

A few months ago , it looked like all the pieces had fallen into place for a hot secondaries summer: Buyers were coming back to market, some companies and sellers were getting desperate, and the bid-ask spread — the difference of what buyers are willing to pay and the price sellers are setting — was tightening. Tiger Global’s recent secondary deal, in which it sold its stake in Indian e-commerce giant Flipkart to Walmart for $1.4 billion , shows that the market has started moving.

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ventures investing investment opportunity 91

OurCrowd

AUGUST 5, 2023

With wefox we were the fastest European fintech in history to achieve a billion dollar valuation. We raised $1.4bn in only seven years and most recently had a $4.5bn valuation. We built a company with more than 1000 employees and more than $800m in annual revenue in hyper speed.

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startup 28

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Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

development

TechCrunch

AUGUST 5, 2023

Poland-based spyware LetMeSpy is no longer operational and said it will shut down after a June data breach wiped out its servers, including its huge trove of data stolen from thousands of victims’ phones. In a notice on its website in both English and Polish, LetMeSpy confirmed the “permanent shutdown” of the spyware service and that it would cease operations by the end of August.

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TechCrunch

AUGUST 5, 2023

The advent of generative AI will lead to a tectonic shift in how startups do PR over the next few years. In July, the Associated Press became the first major news company to sign a deal with OpenAI, while media job cuts have reached record highs.

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TechCrunch

AUGUST 5, 2023

The first official piece of policy around diversity efforts in venture capital may soon see the light of day, but not because of any action by the government. In a complaint filed this week, the American Alliance for Equal Rights — founded by conservative activist Edward Blum, the man driving the effort to end affirmative action — sued a minority-focused venture capital fund for unlawful racial discrimination.

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TechCrunch

AUGUST 5, 2023

Hey, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that highlights key developments in the tech industry over the past few days. If you missed the news this week, no biggie. That’s what WiR is for. We’ll fill you in. In this edition, we cover Reed Jobs, the son of Steve Jobs, who is launching a new venture fund to back cancer treatments; China’s cutthroat e-commerce tactics; and fan-fiction writers rallying against a proposed U.S. law that could lead

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disruption VC venture capital development 87