July 2023

SAP invests in generative AI startups Anthropic, Cohere and Aleph Alpha

July 19, 2023
In case one needed more evidence that there’s a massive appetite for generative AI, SAP, the Germany-based consulting giant, yesterday invested in three major generative AI players: Anthropic, Cohere and Aleph Alpha. The terms of the direct investments, which weren’t disclosed, build on SAP’s $1 billion-plus commitment to back AI-powered enterprise tech startups from Sapphire […]

Microsoft, Activision give themselves three more months to close $68.7BN mega-merger

July 19, 2023
Microsoft and Activision have jointly agreed to extend the deadline to complete their mega merger for a further three months in order, they say, to allow time to resolve “remaining regulatory concerns”. The original deadline for Microsoft to close the $68.7 billion acquisition of Activision it announced back in January 2022 was July 18 (yesterday). […]

After five years, Beats Studio 3’s replacement is finally here

July 19, 2023
Next week, Beats will have debuted its first product 15 years ago. The headphone maker quickly established itself as a status symbol, on the strength of partnerships with musicians and sports influencers. It was a rare feat in the world of consumer electronics, where cool factor largely takes a back seat to functionality. For Beats, […]

Venture’s Q2 was calm (and that’s not good)

July 19, 2023
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. So, what happened in venture capital-land during Q2 2023? A lot, and not very much. The TechCrunch+ crew have been busy as bees in a meadow trying to get our heads around the […]

Netflix removes its basic tier in the US and the UK

July 19, 2023
After removing the basic subscription plan in Canada, Netflix has removed the plan in the U.S. and the U.K. as well. The basic plan allowed users to consume Netflix on one screen in 720p quality. While users already subscribed to this plan will be able to continue, new subscribers won’t be purchase the basic plan. […]

Umbra is a Silicon Valley outsider – they prefer it that way

July 19, 2023
Umbra co-founder Gabe Dominocielo’s last name is roughly translated from the Latin as “lord of the skies.” It’s a fitting title for the head of a satellite imagery company — but in a recent interview with TechCrunch, he joked that his last name should be “unit economics.” “Space isn’t my background,” he said. “My passion […]