Daily Crunch: OpenAI, Anthropic and Stability AI receive half of Sound Ventures’ $240M AI fund

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Happy Google Day! There’s been a wall of interesting news coming out of the search-and-everything-else-too giant at its I/O event. Christine summarized everything Google has announced at I/O thus far, so that’s a good place to start.

Also, it’s a rare treat when TechCrunch top boss Joey shares something on the site, breaking down how we’re disrupting TechCrunch Disrupt: 8 stages, 3 days, 1 city. While on the topic of Disrupt, here’s your chance to vote for the roundtables and breakouts you want at the event.

Much love, Christine and Haje

The TechCrunch Top 3

  • Big spender: Connie spoke with Sound Ventures’ Effie Epstein to get the scoop on which three lucky companies were the recipients of a large chunk of the venture capital firm’s new AI fund.
  • Identified flying object: Darrell reports on Vast’s and SpaceX’s plan to put the first commercial space station into orbit in 2025. And check out Aria’s deep-dive into Vast in the Big Tech section.
  • You’ve got the world in the PaLM of your hand: Google launched PaLM 2, its next-gen large language model. Frederic writes that “PaLM 2 will power Google’s updated Bard chat tool and function as the foundation model for most of the search engine giant’s new AI features. See what we have so far in Google I/O news in the Big Tech section.

Startups and VC

Autonomous delivery startup Nuro is in the midst of a restructuring that will result in layoffs and shift resources away from commercial operations and toward R&D, Kirsten reports. Nuro declined to share how many of its roughly 1,100 employees will be affected. Employees are expected to learn who will be laid off by the end of the week.

Natasha L reports that Clearview was fined yet again, this time in France, for failing to comply with privacy orders. Whether Clearview will ever pay any of these fines remains an open question, since the U.S.-based company has not been cooperating with EU regulators.

There’s another fistful for you as well:

3 key metrics for cybersecurity product managers

Close up of several wooden rulers

Image Credits: Tetra Images (opens in a new window) / Getty Images

Cybersecurity product managers usually measure conversion rates, detection accuracy and usage/engagement to gain customer insights, but these metrics “may not be what they seem,” writes Ross Haleliuk, an investor who’s also head of product at LimaCharlie.io.

“Context matters a lot, and the realities of different organizations, geographies, cultures and market segments heavily influence what can be measured and what actions can be taken based on these observations.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

It’s Google I/O day, and our team wrote at least 30 stories to deliver all the goods for you fine readers. You can catch the full download on the dedicated Google I/O 2023 event page, but here are some tidbits:

Yes, we do have some non-Google news, too:


Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $800 when you buy your pass now through May 15, and save 15% on top of that with promo code DC. Learn more.

Disrupt 2023

Daily Crunch: OpenAI, Anthropic and Stability AI receive half of Sound Ventures’ $240M AI fund by Christine Hall originally published on TechCrunch



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