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Technology

What do FinOps and parametric insurance have in common?

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. The rise of FinOps already fueled multiple acquisitions,…

Technology

Twitter limits the number of tweets users can read amid extended outage

Twitter is putting limits to how many tweets its users can read as the Elon Musk-owned service suffers extended outage that has stymied users’ ability to track new posts. In a tweet, Musk detailed the revised usage quotas. Verified account…

Technology

Netflix axes its basic plan in Canada, IRL shuts down and Shein’s influencer stunt backfires

It’s that time of week again, folks. Welcome to Week in Review (WiR), TechCrunch’s regular digest of the past week in tech. New here? Not to worry — sign up here to get WiR in your inbox every Saturday, then…

Technology

Bird founder Travis VanderZanden officially leaves the nest

Travis VanderZanden’s slow-motion departure from Bird is now complete. The scooter rental company announced in a late-Friday news dump that the executive has stepped down from his role as chairperson of Bird’s board, “effective immediately.” Replacing VanderZanden is John Bitove,…

Technology

Apple is now the first publicly traded company to close above a $3 trillion market value

Apple is the first publicly traded company to close a trading day with a $3 trillion market value. The company’s shares climbed about 2.31% on Friday to a new high. The tech giant first reached a $3 trillion market cap…

Technology

FTC finally proposes ban on fake reviews

The FTC has proposed a new rule banning numerous forms of fake reviews online, from outright fabricated ones to those that are sketchily repurposed or secretly manipulated. It may not totally rehabilitate the notoriously unreliable online review ecosystem, but it…

Technology

Are corporations too influential?

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. This week, I’ve been doing a lot of thinking about how some of the biggest companies in the world have as much — if not…

Technology

Secretive hardware startup Humane’s first product is the Ai Pin

Humane, the startup launched by ex-Apple design and engineering duo Imran Chaudhri and Bethany Bongiorno, today revealed details about its first product: The Humane Ai Pin. It’s been a long time coming. Humane has kept its work more or less…

Technology

Korea’s Alwayz aims to make online shopping fun again with $46M in funding

Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B round of funding led by DST Global…

Technology

FTC reportedly finalizing its biggest Amazon antitrust case yet

The moment Amazon feared when FTC Chair Lina Khan was appointed may soon arrive: Bloomberg reports that the agency is putting the final touches on its most substantial antitrust case against the tech giant, and could file suit in the…

Technology

Fund of funds are starting to play a different role for venture LPs

Fund of funds (FoF) were created to serve as a bridge for LPs to get access to managers they couldn’t back otherwise. But in an environment where funds are not seeing consistent support from their existing LPs, and there are…

Technology

11 VCs reveal how hard it was for their startups to fundraise in H1 2023

Everyone knows that raising venture capital has been harder for startups lately — unless you are building an AI startup, of course. But instead of only talking to founders, we’re flipping the script today. We wanted to hear from investors…

Technology

How confidential computing could secure generative AI adoption

Ayal Yogev Contributor Share on Twitter Ayal Yogev is the co-founder and CEO of Anjuna, a multi-cloud confidential computing platform. Generative AI has the potential to change everything. It can inform new products, companies, industries, and even economies. But what…

Technology

Brex refocuses on startups with hire of SVB veteran, ex-a16z operating partner

Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community. While Brex soon clarified that by smaller…

Technology

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Founded in 2016 by Juliana Motta (CPO),…

Technology

Spire and OroraTech will launch a fleet of wildfire-monitoring satellites

The past few wildfire seasons in the United States and Canada have been some of the most memorable — and dangerous — on record. But despite the billions of dollars that each government pours into fighting fires, first responders are…

Technology

TuSimple may sell US business as it turns attention to Asia

Self-driving truck developer TuSimple may sell its U.S. business, the company said in a regulatory filing Wednesday. TuSimple, which is on the verge of being delisted from the Nasdaq stock exchange for failing to file two quarterly reports, said it…

Technology

Celestial AI raises $100M to transfer data using light-based interconnects

David Lazovsky and Preet Virk, technologists with backgrounds in semiconductor engineering and photonics, came to the joint realization several years ago that AI and machine learning workloads would quickly encounter a “data movement” problem. Increasingly, they predicted, it would become…

Technology

OpenAI’s ChatGPT app can now search the web — but only via Bing

ChatGPT on mobile can now surf the web. But only via Bing. Today, OpenAI announced that subscribers to ChatGPT Plus, the premium version of the company’s AI-powered chatbot, can use a new feature on the ChatGPT app called Browsing to…

Technology

‘Only human creators’ can win a Grammy, but AI isn’t totally forbidden

We are only scratching the surface of how artificial intelligence might be used in art, and musicians are already experimenting with the technology. But if their AI-assisted composition is to be eligible for a Grammy, they’ll need to make sure…