TikTok on the president’s docket and Nvidia acquires Run:ai
| Wednesday, April 24, 2024 |
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| Good afternoon, and welcome to TechCrunch PM! Today was a big news day, so let’s dig in. Stripe moves to consciously uncouple its payments unit, Snowflake creates its own generative AI model and WhatsApp adds global support for passkeys. There are also a number of venture rounds and a new fund. Enjoy! |
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| Image Credits: SOPA Images / Contributor / Getty Images |
| Stripe doubles down on embedded finance:The fintech giant announced that it will be decoupling payments from the rest of its financial services stack. Ingrid Lunden writes that “this is a big change, considering that in the past, even as Stripe grew its list of services, it required businesses to be payments customers in order to use any of the rest.” Read More Nvidia acquires Run:ai: The Tel Aviv-based company makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. Nvidia says that it’ll continue to offer Run:ai’s products “under the same business model” and will invest in Run:ai’s product roadmap as part of Nvidia’s DGX Cloud AI platform. Read More Snowflake gets into generative AI: Arctic LLM is optimized for “enterprise workloads,” including generating database code, Snowflake says, and is free for research and commercial use. Read More |
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| Image Credits: Zawrzel / NurPhoto / Getty Images |
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| Inside the bill that bans TikTok: President Joe Biden signed a bill that will ban TikTok in the United States if parent company ByteDance doesn’t divest itself of the company within a year.Read More New features for WhatsApp: WhatsApp introduces support for passkey verification on iOS, removing the need for users to deal with SMS one-time passcodes. Read More Square for Bitcoin lovers: Block, which owns Square and Cash App, has a new program where merchants using Square can convert a percentage of their daily sales to bitcoin. Read More Meet Nova AI: The startup’s founder says it is attempting to best its competitors with its end-to-end testing tools by breaking many of the Silicon Valley rules of how startups should operate. Read More Reddit upgrades its mobile app: Users can access a new media player by clicking on an image or video so there is a more consistent conversation navigation across post types. Read More Anon and its automated authentication layer: Find out how the startup focused on authentication when it initially wanted to develop an AI agent. Read More Hello? Bugs here: Zack Whittaker looks into vulnerabilities in the tracking app iSharing. These “bugs” allowed anyone using the app to access anyone else’s coordinates, even if the user wasn’t actively sharing their location data with anybody else. Read More Spotify’s new app in the EU: Spotify submitted a new update to Apple for European Union users with pricing information and basic site information. Read More When is a merger not a merger?: Apparently if you are Big Tech. The U.K.’s Competition and Markets Authority is probing whether close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startups fall within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. Read More |
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| Tines taps $50 million to expand its workflow automation beyond security teams. Read More Dripos raises an $11 million Series A to replace Square, Toast and eight other pieces of software. Read More Seed-stage firm Eniac Ventures raises $220 million across two funds. Read More Stainless, which closed a $3.5 million seed round, is helping OpenAI, Anthropic and others build SDKs for their APIs. Read More Diddo’s new $2.8 million in funding will bring its shoppable TV API to streaming platforms. Read More |
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| Tesla shares continued to rally again Wednesday after CEO Elon Musk said the company does indeed have plans to produce more affordable EV models by early 2025, CNBC reports. Meanwhile, people are just having fun knocking Humane Ai while the company is down. Engadget’s review of Rabbit R1 pokes fun, saying it is “already more fun and accessible than the Humane Ai Pin.” And over on Axios, Dan Primack tells venture capitalists that they are “blowing it.” |
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| Perplexity AI could be worth up to $3B. Here’s why: Perplexity AI's latest, large fundraising event could be quickly superseded by another, even larger chunk of capital. This comes amid news from Amazon and Microsoft and Meta and Adobe in the AI realm that feels like a reminder that Big Tech is going to try to eat the AI moment. Hit play and let’s have a chat! |
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