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Welcome back to TechCrunch ’s hebdomad in Review — TechCrunch ’s newssheet recapping the week ’s with child news . Want it in your inbox every Saturday ? Sign uphere .
There ’s more bad newsworthiness forByju ’s . In a research note , HSBC calculate that the Indian edtech titan , once measure at $ 22 billion , is now worth nothing . The write - down in its estimation make Byju ’s one of the most spectacular startup swoop in recent memory and travel along a very rough year for what was India ’s most valuable startup not long ago .
After raise $ 100 million , AI mortgage startup LoanSnap is facingan avalanche of lawsuitsand has been force out from its main authority . At least seven creditors , include Wells Fargo , have collectively alleged that the company owe them more than $ 2 million . Employees who spoke to TechCrunch are now leave alone disturbed about the company ’s future .
An ingathering Margaret Court ruled that theVC photographic film Fearless Fundcannot issue grants to Black women business owners , causing scandalisation among multifariousness counselor within the startup and guess ecosystem . Fearless Fund CEO Arian Simone released a affirmation saying the foundation was dictated to continue fighting the suit .
News
What to expect at WWDC 2024 : Apple ’s annual developer conference kicks off on June 10 at 10 a.m. PT . From Io 18 to the macOS 15 debut and a whole deal of AI chatter , here ’s what you’re able to await to see . translate More
Rivian ’s path to selection : Rivian announced fully vamp versions of its first two consumer vehicles . For the first metre since the company broke stealth in 2018 , the EV Godhead ’s immediate future is actually signally clean . Read More
Carta get a big evaluation cut : TechCrunch has learned that Carta is work on a secondary sale that would value the company at $ 2 billion , cutting its valuation drastically by $ 6.5 billion . say More
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creative person flee to Cara : An anti - AI societal medium app for creatives has skyrocket to the top of the Apple App Store this week as artists become increasingly fed up with Meta ’s AI breeding policies . Read More
Robinhood acquire Bitstamp : The fund - trading app is diving deeper into cryptocurrency with the skill of crypto exchange Bitstamp . The company expects the final transaction economic value to be around $ 200 million . Read More
touch Apple ’s recycling robots : TechCrunch paid a sojourn to Apple ’s manufacturing installation to learn more about the party ’s efforts to work up a better recycling automaton in its bid to make its provision chain unconscious process carbon electroneutral by 2030.Read More
Ca n’t skip over these ad : Instagram support it is testing a new feature film that will stop exploiter from being able to browse through the social media weapons platform until they ’ve watched an unskippable ad in full , trigger literary criticism . Read More
“ Do n’t f — with toddler parents”:A Cameo fundraiser hosted by pop children ’s YouTuber Ms. Rachel had a frustrative rollout as the company ’s output policy gave fans credits rather of television . understand More
Trump direct off on TikTok : Donald Trump has joined TikTok to best occupy with unseasoned voters , signaling a strong reversal of belief on the unretentive - form telecasting app he once sample to ban . Read More
revelry makes another pivot man : After ditch its moped - apportion patronage for an all - Tesla , all - employee ride - hail service , Revel is laying off its 1,000 + staff drivers to encompass a gig worker model akin to that of Lyft and Uber . interpret More
The walkie - talkie get a revamp : Gallic startup ten ten has gone viral for its walkie - talking picture app that give up teens to send voice message to their ally — even when their telephone is locked . Read More
Analysis
Can productive AI save Siri?:Apple is expected to announce a partnership with OpenAI at WWDC and had larger destination of a deep desegregation of generative AI within Siri . As Brian Heater reports , Siri has fallen short of the revolution Apple promised 13 years ago — and at this stagecoach , Apple ca n’t seem to beat OpenAI at its own game . Read More
Turns out , AI models have favorite number : locomotive engineer at Gramener execute an informal experiment where they ask several major LLM chatbots to pick a random routine between 0 and 100 . But as Devin Coldewey note , the resolution were not random . All three good example had a “ favourite ” number and even demonstrated human - like bias toward other numeral . Read More
A unicorn - rich VC tells all : Over the course of his career in venture capital , Wesley Chan has invested in over 20 unicorns like Canva , Flexport and Robinhood . In a conversation with Christine Hall , Chan says he owes his winner to his heavily - working immigrant family and a Craigslist job washing research laboratory beaker . Read More
Putting AI preconception to the mental test : A late study quiz several undefended schoolbook - analyzing models to see how they ’d respond to interrogation concern to LGBTQ+ rights , social upbeat , surrogacy and more . They found that the good example tended to answer motion inconsistently , which , they say , reflect biases embedded in the data point used to civilize the model . learn More
