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Index continues its acquisition spree with the Graphite deal

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💥 Explore this must-read post from TechCrunch 📖 📂 Category: AI,Startups,Accel,neo,a16z,Mergers and Acquisitions,cursor,Anysphere,In Brief,ai coding assistant 💡 Key idea: AI coding assistant Cursor announced that it has acquired Graphite, a startup that uses artificial intelligence to review code and debug. Although terms of the deal were not disclosed, Axios reported that Cursor paid "significantly more" than Graphite's recent valuation of $290 million, which was set when the five-year-old company raised a $52 million Series B earlier this year. The connection makes strategic sense. The output of AI-generated code is often buggy, forcing engineers to spend a lot of time on…

Ex-Splunk execs Resolve AI startup raises $1B Series A

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💥 Explore this must-read post from TechCrunch 📖 📂 Category: AI,Venture,Exclusive,lightspeed,SRE 📌 Key idea: Resolve AI, a startup developing Autonomous Site Reliability Engineer (SRE), a tool that automatically maintains software systems, has raised a Series A led by Lightspeed Venture Partners, according to three people familiar with the deal. The sources said that the main valuation of the new round is $1 billion. However, the company's actual mixed rating was lower due to its multi-tranche structure. In this setup, investors bought some shares worth $1 billion, but got the rest — likely a larger percentage of the round — at…

Where do investors place their bets next year? Amnesty International, Amnesty International, Amnesty International.

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✨ Explore this awesome post from TechCrunch 📖 📂 Category: Startups,Venture,investors,TechCrunch Disrupt,venture ✅ Main takeaway: Investors at TechCrunch Disrupt haven't been shy about admitting that they're primarily interested in one thing: artificial intelligence. Nina Akajian of Index, Jerry Chen of Greylock, and Peter Ding of Physys talk about the latest craze in venture capital and how startups can stand out in a quickly crowded market. The environment is moving quickly, and companies are experiencing unprecedented growth, Ashajian told the crowd. “We spend a tremendous amount of time evaluating entrepreneurs and their resilience in a moment when things are changing rapidly,”…

Building venture-supportable companies in highly regulated spaces

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💥 Check out this must-read post from TechCrunch 📖 📂 Category: Startups,Build Mode 💡 Key idea: Building in regulated industries adds a huge hurdle to the already difficult journey of building a startup. And this week on Build Mode, Startup Battlefield editor Isabel Johansen spoke with two founders who are working to make headway in industries ripe for disruption, despite regulatory issues that may be deterring many others. In this episode, we talk about life and death and how regulatory clearance doesn't have to be a barrier to innovation but will lengthen timelines and require careful planning from the jump.…

Former Patagonia CEO Rose Marcario resigns from Rivian’s board of directors

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🔥 Check out this must-read post from TechCrunch 📖 📂 Category: TC,Transportation ✅ Main takeaway: Rose Marcario, former CEO of Patagonia, has resigned from her position on Rivian's board of directors, according to stock exchange filings Friday afternoon. Rivian wrote in the filing that Marcario's last day would be Jan. 1, and that she was leaving to "focus on other commitments." Rivian's board will shrink from eight members to seven following her resignation. Marcario has served on Rivian's board of directors since January 2021, a role she took on after 12 years as CEO (and eventual CEO) of Patagonia. Before…

Anonymous messaging app NGL has been acquired by ‘EarnPhone’ Mobile startup mode

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✨ Check out this awesome post from TechCrunch 📖 📂 Category: Apps,TC,Mergers and Acquisitions 📌 Here’s what you’ll learn: Anonymous messaging app NGL announced on Friday that it has been acquired by Mode Mobile, a smartphone rewards company that makes money by bombarding its users with ads. NGL quickly rose to the App Store charts after its launch in late 2021, joining a host of similar apps popular among teens that allow users to send and receive anonymous questions and messages. But it has been embroiled in controversy for most of its existence. Anonymous messaging apps are a problem because…

Hundreds of Cisco customers are vulnerable to a new Chinese hacking campaign, researchers say

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✨ Discover this must-read post from TechCrunch 📖 📂 Category: Security,Censys,Cisco,cybercrime,cybersecurity,hackers,hacking,infosec,Shadowserver Foundation ✅ Key idea: Cisco revealed on Wednesday that a group of Chinese government-backed hackers is exploiting a security vulnerability to target enterprise customers using some of the company's most popular products. Cisco did not say how many of its customers have already been compromised, or may be using vulnerable systems. Now, security researchers say there are hundreds of Cisco customers who could potentially be compromised. Piotr Kijewski, CEO of Shadowserver, a nonprofit that scans and monitors the Internet for hacking campaigns, told TechCrunch that the scale of exposure…

OpenAI is adding new teen safety rules to ChatGPT as lawmakers consider AI standards for minors

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💥 Discover this awesome post from TechCrunch 📖 📂 Category: AI,AI chatbots,ChatGPT,OpenAI,teen safety 📌 Key idea: In its latest effort to address growing concerns about the impact of artificial intelligence on young people, OpenAI on Thursday updated its guidance on how its AI models behave with users under 18, and published new AI literacy resources for teens and parents. However, questions remain about the extent to which these policies continue to translate into practice. The updates come as the AI industry in general, and OpenAI in particular, faces increased scrutiny from policymakers, educators and child safety advocates after several teens…

Netflix is betting on podcasts to become the new daytime talk show

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💥 Discover this awesome post from TechCrunch 📖 📂 Category: Media & Entertainment,Netflix,Podcasting,Spotify,YouTube 💡 Here’s what you’ll learn: When you're listening to a podcast, you're probably not opening the Netflix app — at least right now. This may change if Netflix achieves its goal. The company signed deals with iHeartMedia and Barstool Sports this week, in addition to a recent deal with Spotify, for exclusive video rights to select shows. The company is also rumored to be in talks with SiriusXM. The podcasters see this as an offensive move with YouTube being the primary target. The data provides a compelling…

Netflix is acquiring gaming avatar maker Ready Player Me

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💥 Read this trending post from TechCrunch 📖 📂 Category: TC,Startups,Media & Entertainment,Gaming,Netflix,Avatars,Exclusive,ready player me 💡 Main takeaway: After changing its gaming strategy to focus more on games played on TV, Netflix announced that it has acquired Ready Player Me, an avatar creation platform based in Estonia. The streamer said Friday that it plans to use the startup's development tools and infrastructure to create avatars that will allow Netflix subscribers to carry their personalities and fanbase across different games. Terms of the deal were not disclosed. Ready Player Me has raised $72 million in venture backing from investors including a16z,…