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Happy Crunch Tuesday, fellow crutches. Today, there are many exciting event-based updates for you. If you’re coming to Early Stage in Boston, get into VCs there. Also, if you want to speak at Riot later this summer, you can apply now. Oh, and sustainability is getting full rank on Disruption. It would be rad. see you there?
as well as! Darrell “Generative AI is already dealing with assassination attacks,” he argues in the final episode, “You don’t feel like you’re being cut by a very sharp knife.”
TechCrunch’s Top 3
- Accelerating creative AIAmazon is jumping back into the startup accelerator with both feet and nurturing AI startups around the world in a 10-week program. Natasha M He wrote. Ten startups will receive $300,000 in AWS credits and launch their technology at a demo day.
- “The Open Source Startup That Never Was”: That’s right. Paul According to Dozer, the startup that emerged from Theft today has $3 million in the bank and technology that can help any developer build real-time data applications in no time.
- All at the beginning: Yes, startup founders need funding, but Ensemble has raised $100 million in capital commitments. Becca It tells you how.
Startups and VCs
The hype surrounding ChatGPT, OpenAI’s viral AI-powered chatbot, has yet to peak. Kyle Reports. That’s the impression one gets from Y Combinator’s Winter 2023 batch, which features no fewer than four startups claiming to be trying to build “ChatGPT for X.”
Today we’re covering the legal case between the US Securities and Exchange Commission and Charlie Javis, founder of student funding startup Frank. The SEC is charging Javis with defrauding JPMorgan in connection with the company’s $175 million sale to JPMorgan Chase Bank in 2021. Mary Ann Reports.
In between rehashing the news on what’s going on with the Trump impeachment, here are a few more stories to keep you entertained:
What is a fair price premium for startup stocks?
A new market update report from Red Point Ventures has insights for Series B and C founders planning to raise money this year, reports Alex Wilhelm.
“Mid-stage startups are still very expensive today,” he wrote. “Either the stock market needs to get some of its juice back, or startup prices need to drop further to get things back to ‘normal’.”
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
Today we bring Twitter: everything, everywhere, all at once. Amanda And Alisa From Elon Musk’s firing of Twitter to confirmation drama, the changes that were supposed to take effect on April 1st have come and gone, and Elon Musk’s month-to-month Twitter has made us all feel like an April Fool’s joke gone wrong.
Meanwhile, NASA’s new lunar crew, or “Moon Unit” as we like to call it, Virgin Orbit filed for bankruptcy. Darrell He wrote, “The bankruptcy filing follows weeks of bad news for the company, including a pause in all operations, a short hunt for more cash to keep the concern going and trying to balance the company’s actual budget.” They confirm that today’s news was nothing.
And we have five more for you: