Startups Weekly: Fast and furious
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The Met Museum, OpenAI Created an AI Chatbot With the Persona of a 1930s Socialite for a New Exhibit
Rivian loses $1.45 billion as cost-cutting measures continue
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, the company announced Tuesday. The Q1 revenue figure […]
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Meta’s AI tools for advertisers can now create full new images, not just new backgrounds
Meta claims that it has strong guardrails in place to prevent its system from generating inappropriate ad content or low-quality images.
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Biden signs bill to protect children from online sexual abuse and exploitation
On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation. President Biden officially signed the REPORT Act into law on Tuesday. This marks the first time that websites and social media platforms are legally obligated to report crimes related to federal trafficking, grooming, […]
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Bloom is reinventing how e-bikes are made in the US
The pandemic ushered in an e-bike boom. But like so many other pandemic trends, that boom didn’t last. The last year has seen e-bike startups VanMoof and Cake file for bankruptcy amid a backdrop of micromobility doom and gloom. Tier and Dott merged. Superpedestrian closed up shop. Bird also had to go through a restructuring. […]
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Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago
Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work prefigured such ostensibly modern ideas as AI agents and blockchain. TechCrunch chatted with Kahn about how, really, nothing has […]
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Bedrock Studio is Amazon’s attempt to simplify generative AI app development
Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Available in public preview starting today, the web-based Bedrock Studio — a part of Bedrock, Amazon’s generative AI tooling and hosting platform — provides what Amazon describes in […]
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4 Things Ecommerce Startups Need to Be Careful About When Running A/B Tests
India’s Oyo, once valued at $10 billion, seeks new funding at 70% discount
Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors, including Malaysia’s sovereign wealth fund Khazanah, for the new funding, the sources […]
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