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UK launches £500 package to support diverse, underrepresented investors and founders The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country.  Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around […]
Sequoia bets on silence There is a time-honored crisis management strategy, wherein one says nothing and waits for the outrage to pass. For Sequoia Capital, the strategy worked pretty well this week. While partner Shaun Maguire initially weathered criticism over an inflammatory social media post, that initial indignation cooled quickly. Now, some seem to think that Maguire’s defiant stance […]
Mockly made a fake DM generator that’s actually user-friendly Developer Maurice Kleine shipped a web app on Thursday that could be either a boon for meme-making or the bane of your existence, depending on how you look at it. Mockly can generate believable images of fake conversations on apps like iMessage, Discord, Instagram, X, Tinder, WhatsApp, and more. Tools like Mockly have existed since […]
GenAI as a shopping assistant set to explode during Prime Day sales A new report estimates that AI will be a larger-than-ever part of the online shopping process during Amazon’s Prime Day sale, which began Tuesday morning. Amazon’s annual sale, which this year spans four days (July 8-11), is predicted to drive $23.8 billion in online spending across U.S. e-commerce retailers, as other businesses run their own […]
Data breach reveals Catwatchful ‘stalkerware’ is spying on thousands of phones The spyware operation's exposed customer email addresses and passwords were shared with data breach notification service Have I Been Pwned.
Winning capital for your AI startup? Kleida Martiro is leading the conversation at TechCrunch All Stage AI-native startups are rewriting the rules of what early traction looks like — and too often, investors are still playing by the old ones. At TechCrunch All Stage, happening in Boston on July 15, Kleida Martiro, partner at Glasswing Ventures, will lead a breakout that cuts straight to the core of this disconnect.
Meta is adding AI-powered summaries to WhatsApp Meta announced on Wednesday that it’s adding an AI-powered summaries feature to WhatsApp. The optional new feature uses Meta AI to summarize unread messages in a chat. This summary would only be visible to you, not others in your chat, the company notes. The feature builds on the AI technology that Meta released in April, […]
Julie Bornstein’s Daydream is releasing an AI-powered chatbot for fashion-related shopping Ecommerce veteran Julie Bornstein's startup Daydream is releasing its AI-powered chatbot for shopping with a focus on fashion.
Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an […]
Alexa von Tobel has high hopes for ‘fintech 3.0’ It’s been 10 years since Alexa von Tobel sold her financial planning startup Learnvest to Northwestern Mutual for $250 million. Since then, von Tobel became Northwestern Mutual’s first chief digital officer, then chief innovation officer, before launching an early-stage venture firm of her own, Inspired Capital, with former U.S. Secretary of Commerce Penny Pritzker. She’s […]
Apple Intelligence: Everything you need to know about Apple’s AI model and services Apple Intelligence was designed to leverage things that generative AI already does well, like text and image generation, to improve upon existing features.