Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why?

June 29, 2023

Meta made a remarkable claim in an announcement published today intended to give more clarity on its content recommendation algorithms. It’s preparing for behavior analysis systems “orders of magnitude” bigger than the biggest large language models out there, including ChatGPT and GPT-4. Is that really necessary? Every once in a while Meta decides to freshen […]

Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why? by Devin Coldewey originally published on TechCrunch

Cyware lands $30M to modernize cybersecurity operations

June 29, 2023

Cyware, a startup developing products to help enterprises modernize their security operations, today announced that it raised $30 million in a Series C funding round led by Ten Eleven Ventures. Advent International, Zscaler, Emerald Development Managers, Prelude and Great Road Holdings also participated, bringing Cyware’s total raised to $73 million. Cyware was founded in 2016 […]

Cyware lands $30M to modernize cybersecurity operations by Kyle Wiggers originally published on TechCrunch

Meta really wants to explain its AI recommendation algorithms to you

June 29, 2023

Meta is publishing new material to explain how its recommendation engine works across different products. Along with that, it is also rolling out a new option called “Why am I seeing this?” for Instagram and Facebook Reels as well as Instagram’s Explore page. This way, you can understand the reason why that post is being […]

Meta really wants to explain its AI recommendation algorithms to you by Ivan Mehta originally published on TechCrunch

B Garage raises $20M for its warehouse inventory drones 

June 29, 2023

B Garage, a San Jose-based startup building autonomous drones along with software to track warehouse inventory, said today that it has picked up $20 million in a Series A round of funding.  New investor LB Investment led the Series A funding with participation from Ignite Innovation Fund, Krossroad Partners and existing backer SoftBank Ventures Asia. The […]

B Garage raises $20M for its warehouse inventory drones  by Kate Park originally published on TechCrunch

Material Evolution raises $19M to decarbonise the cement industry

June 29, 2023

In the industrial world, cement is about as omnipresent as materials get. But despite its clear and obvious utility, cement is responsible for some 8% of global CO2 emissions — if it was a country, it would be third biggest emitter globally, by some estimations. While cement’s ubiquity comes largely down to how easy it […]

Material Evolution raises $19M to decarbonise the cement industry by Paul Sawers originally published on TechCrunch

Typeface, which is building generative AI for brands, raises $100M at a $1B valuation

June 29, 2023

In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI — which at the time was just beginning to come into vogue — to deliver personalized content for brands at scale. Typeface, thanks in part to the […]

Typeface, which is building generative AI for brands, raises $100M at a $1B valuation by Kyle Wiggers originally published on TechCrunch

India startup funding slides 68% after Tiger and SoftBank make virtually no deals

June 29, 2023

Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a substantial 68% decline from the $17.1 billion during the same timeframe […]

India startup funding slides 68% after Tiger and SoftBank make virtually no deals by Manish Singh originally published on TechCrunch

DoorDash offers delivery workers hourly rate, but there’s a catch

June 29, 2023

DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per delivery, the company said Wednesday. The new option, a novelty in the gig worker industry, comes as DoorDash and other app-based gig companies like Lyft and Uber will have to provide New York City delivery […]

DoorDash offers delivery workers hourly rate, but there’s a catch by Rebecca Bellan originally published on TechCrunch