Topics
Latest
AI
Amazon
Image Credits:Getty Images
Apps
Biotech & Health
Climate
Image Credits:Getty Images
Cloud Computing
commercialism
Crypto
Urvashi Barooah is Redpoint’s newest partner and will be focused on early stage.Image Credits:Redpoint
endeavour
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
privateness
Robotics
Security
Social
Space
startup
TikTok
expatriation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
adjoin Us
Welcome to Startups Weekly — Haje’sweekly review of everything you ca n’t miss from the world of startups . Sign uphereto get it in your inbox every Friday .
restrain on to your Apple Watches , folks ! AtWWDC 2024 , Apple finally decided to give Siri abrain transplantation with something they ’re telephone “ Apple Intelligence”(AI — get it ? ) . Apparently , it ’s so sassy it ’ll have it away more about your aliveness than you do . Tim Cook promise it ’ll be all about privacy and personal circumstance — so intimate even your journal might feel neglected . And hazard what ? Siri ’s makeover means we get Genmoji ( yes , that ’s genuine ) , because I just know you ’ve been hurt for an AI to craft your emojis . Also on the menu : typecast enquiry into Siri like it ’s 2010 again and a “ Private Cloud Compute , ” which fathom like techie talk for “ We ’re still spy on you but in a nicer way . ” Look out for this new wave of iMagic rolling out soon!Here ’s everything that was announce at WWDC !
Not everyone is psyched about the announcement , though : In the new sequence of “ Tech Titans Throw scene ” this workweek , Elon Muskthreatens to shun iPhones fromTesla , SpaceX , andxAIover Apple ’s new ChatGPT integrating . I guess that in Elon ’s creation , “ cut - edge innovation ” is synonymous with banning the world ’s most popular smartphone over an AI supporter lineament that ask for permission before doing anything . Is Tim Cook quaking in his boots or just rolling his eyes ? Answers on a post card , plz .
Trend of the week: Circling the drain
In today ’s sequence of “ The Mighty : How They Have Fallen , ” we take you the tragic tarradiddle ofByju ’s , once a $ 22 billion edtech Darling River , now worth zero in BlackRock ’s eye . After missing fiscal target , dish out with resignation faster than you could say “ governance issues , ” and getting publicly roasted by investors , Byju ’s has become a cautionary story for startups everywhere .
Now hold on to your cap tables , folks ! Once the darling of Silicon Valley with dreams of becoming the ultimate stock trading overlord , Carta faces a evaluation nosedive from $ 8.5 billion to a mere $ 2 billion — if they ’re favorable . After getting caught ruby-red - handed misusing customer data point and retreating from their subaltern trading speculation faster than you’re able to say “ PR catastrophe , ” it ’s clear thatnot all that glitters in startup land is Au . With lawsuits , toxic cultivation claims , and guest fleeing for bighearted bank , it seems Carta ’s high - flying days are ground for estimable . Investors like Andreessen Horowitz must be shudder …
More tough newsworthiness :
Most interesting fundraises this week
receive to the 2024 inauguration funding circus , where Y Combinator company are do a daring novel act — lift petite seed rounds with sky - gamy valuations and no lead investors . Angels are swooping in like athirst pigeons , leaving institutional investor scratching their top dog and clutching their wallets . Will this high - conducting wire human activity pay off off or will it leave startup dangling without a safety net ? Grab your popcorn ; this version of the show is just getting begin !
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Damn , theParis - found AI startup Mistral AI just snag a banging $ 640 million in its Series B financial backing . With General Catalyst pass the billing , this fresh - look rival in the AI arena is now valued at a cool $ 6 billion . Co - founded by ex - Meta and DeepMind Einstein , Mistral direct to take on big shot like OpenAI with their own sheeny good example and open reference goodies . But do n’t get too cozy ; their top - tier models are locked tighter than Banque de France unless you ’ve contract an API pass .
Other unmissable TechCrunch stories…
receive to the world where cats finally get the very important person intervention they merit — Meowtel has claw its way to profitability , despite dog - obsessed VCs turning up their noses . Founder Sonya Petcavich , breathe in by her own feline guilt tripper , took $ 100,000 and a dreaming to produce an elite cat - sitting service of process . With 2,200 setting hen and over 95,000 successful sits under its belt ( or should we say collar?),Meowtel is proving that cats are n’t just 2nd - socio-economic class dearie .
Moar ? Moar !
