Traditionally seen as private financial entities, family offices are key players in the supply of venture capital, using startup investments as a way to diversify their portfolios and engage with groundbreaking technologies. Catch Eti Lazarian, principal of Elle Family Office, and Bruce Lee, CEO and founder of Keebeck Wealth Management, on the Builder’s Stage at
Month: August 2024
Let’s start with the premise that change is hard for everyone. It’s even harder at scale for a large organization. As we’ve watched large organizations over the last 15 years try to embrace mobile, Big Data, the cloud and general digital transformation, we have seen many of them struggle again and again to implement these
OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the company’s next fundraising round, and Thrive Capital would lead the deal should it happen, according to The New York Times. OpenAI’s annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be
Harvey Mason Jr., CEO of the Recording Academy, caused a stir a few months ago. He announced that the organization’s prestigious Grammy Awards would finally accept music made with artificial intelligence. At first, people were confused, and then Mason came out to clarify that he meant only humans can submit to the awards, but that
Amazon announced Friday evening that it has hired Covariant’s founders — Pieter Abbeel, Peter Chen, and Rocky Duan — along with “about a quarter” of the startup’s employees. It’s also signed a non-exclusive license to use Covariant’s robotic foundation models. Earlier this year, Chen told TechCrunch that Covariant is building “a large language model, but
The South Korean startup ecosystem has grown over the last decade as major tech firms and venture capital from the West has sought to make inroads in the country. No surprise there: South Korea has long been one of Asia’s strongest economies. Startups here have enjoyed good access to funding, benefiting from Big Tech companies
Elle Russell, co-founder of Cairns, Australia-based NightCafe, which offers a suite of AI-powered art-creating tools, prefers to avoid the spotlight. “I like to remain hidden behind my monitors,” she told me in a recent interview. NightCafe is similarly low profile. The company, which Russell helped her partner, Angus Russell, launch five years ago, doesn’t get
Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon, Pixelfed, PeerTube, Flipboard and other apps. On Wednesday, Meta announced that users on Threads will be able to see fediverse replies on other posts besides their own. In addition, posts that originated through
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a bit of a carryover from the one before as Bolt’s drama keeps unfolding — another story to be continued. But capital also flew
Esthita Kabra always knew she wanted to work with Airbnb. When she first came up with the idea for her company By Rotation a few years ago, a fashion-sharing platform, she looked to other gig economy businesses like Airbnb as inspiration. She launched By Rotation in 2019, transforming it from a side hustle to a
Butterflies AI, the new social network where humans and AIs interact with each other, is launching a new Clones feature that turns you into an AI character. This latest addition builds on a feature launched to the public back in June that lets users create AI personas, called Butterflies, that automatically create posts on the
A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg. The court added that anyone using VPN to access the X platform would be subject to daily fines of 50,000 reais
Stock-trading startup Public has acquired the brokerage accounts of Carta’s secondaries business, TechCrunch has confirmed. Carta, best known for its cap table management software, sits on a stockpile of data. It tried to expand into the bubbling hot secondary marketplace brokerage business, but in January, a startup customer publicly accused Carta of using the startup’s
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries
Reliance Industries, India’s largest company by market capitalization, is not ignoring the AI frenzy that has gripped the tech world. At the company’s 47th annual general meeting on Thursday, Reliance chairman Mukesh Ambani and other executives mentioned AI nearly three dozen times within two hours, detailing plans to integrate the technology across the company’s various
Startups aren’t giving up on the idea of AI-powered pins, with the latest device from Plaud focused on just one task: taking notes. A few months ago, companies like Humane and Rabbit launched their own gadgets powered by generative AI. It’s probably too early to fully write off any of those companies or products, but
Update: California’s Appropriations Committee passed SB 1047 with significant amendments that change the bill on Thursday, August 15. You can read about them here. Outside of sci-fi films, there’s no precedent for AI systems killing people or being used in massive cyberattacks. However, some lawmakers want to implement safeguards before bad actors make that dystopian
TikTok is introducing a new “Manage Topics” feature that will give you more control over what you see on your For You feed, the company announced on Friday. The new feature is rolling out to users in the U.S. With the new tool, you can tailor your For You feed to show you more or
LAION, the German research org that created the data used to train Stable Diffusion, among other generative AI models, has released a new dataset that it claims has been “thoroughly cleaned of known links to suspected child sexual abuse material (CSAM).” The new dataset, Re-LAION-5B, is actually a re-release of an old dataset, LAION-5B —
Don’t miss out! Today is the last day to apply and scale your Series A to B startup at a significantly reduced exhibit cost with the ScaleUp Startup Exhibitor Package. Maximize your startup’s exposure without stretching the budget. Pay just a fraction of the regular exhibit price and showcase your Series A to B startup
TechCrunch Disrupt 2024 in San Francisco is just two months away, and we’re still looking for enthusiastic and driven volunteers to assist our events team. Don’t miss this opportunity to be part of something big! If you aspire to be a startup founder, marketer or event coordinator, this experience is a rare chance to see
Earlier this month, Google released a new feature with the Pixel 9 series phone to let users add the photographer to a group photo by swapping someone out and taking another photo. A new social network by a duo of Oxford PhDs is working on an app to let you add friends to a photo
Intel has found its first cloud customer for its Gaudi 3 AI accelerator chip: IBM Cloud. IBM and Intel on Thursday said IBM Cloud will begin offering Gaudi 3 to customers early next year. The chip’s accelerators will be available for both hybrid and on-premise environments, and IBM says it plans to enable support for
Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post this morning, Magic said that it closed a $320 million funding round with contributions from Schmidt, Jane Street,
Agriculture in India provides livelihood support to over 42% of its population, contributing 18% to the country’s GDP, according to government data. However, the agri-input market, which provides inputs for the sector — be it seeds, pesticides, herbicides, or cultivation and harvesting tools — largely relies on traditional channels, including local offline marketplaces. The sector
Nvidia and Apple are reportedly in talks to contribute to OpenAI’s next fundraising round — a round that could value the ChatGPT maker at $100 billion. Per its sources, the New York Times says earlier OpenAI investor Thrive Capital would lead the deal should it happen. (Bloomberg was the first to report Nvidia’s involvement, and
A new service from the makers of the Mammoth app for Mastodon intends to bring the creator economy to the fediverse, also known as the open social web. Sub.club, launching on Thursday, will allow creators on Mastodon — a decentralized Twitter/X rival — to offer paid subscriptions and content by way of premium feeds. In
Spotify claims Apple may be again in violation of European regulation, the Digital Markets Act (DMA), which requires interoperability from big technology companies dubbed “gatekeepers.” This time, the issue isn’t about in-app purchases, links or pricing information, but rather how Apple has discontinued the technology that allows Spotify users to control the volume on their
Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo
Sundar Pichai, chief executive officer of Alphabet Inc., at Google’s Bay View campus in Mountain View, California, on Wednesday, May 1, 2024. Image Credits: David Paul Morris/Bloomberg / Getty Images Google suffered a major defeat when U.S. District Court Judge Amit Mehta found that the tech giant had acted illegally to maintain its monopoly in
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