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VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices

VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities…

VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices

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The top AI deals in Europe this year

Cumulatively, there have been more than 1,700 funding rounds for AI startups in Europe so far in 2024.

The top AI deals in Europe this year

The startup — which was developed in Romania but has a U.S. TopCo — now considers more than 5,000 brands and agencies as its clients.

Creatopy, which automates ad creation using AI, raises a $10M Series A

For some businesses, there is a clear path to growth that doesn’t involve acquiring other companies or expanding organically: franchising. The U.S. has more than 800,000 franchise businesses, according to…

Harmonyze wants to build AI agents to help franchisors make sense of unstructured data

In 2020, Kathryn Wu launched a side hustle while she was working as a product engineer at Pinterest. Wu started a milk tea company, OhTea, with the hopes of connecting…

Openmart wants to make it easier for enterprises to sell to local businesses

The release of ChatGPT in November 2022 sparked a new wave of AI companies. It also brought attention to the companies that were already building…

Etched founder Gavin Uberti thinks his company stands on the ‘shoulders of giants’

Popular iPad design app Procreate is coming out against generative AI, and has vowed never to introduce generative AI features into its products. The company said on its website that…

Procreate takes a stand against generative AI, vows to never incorporate the tech into its products

Search engine optimization (SEO) has been top of mind for brands for more than a decade to ensure their websites and products capture as many eyeballs as possible by ranking…

Move over SEO, Profound is helping brands with AI search optimization

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Maybe Friend wasn’t crazy for spending $1.8M on a domain after all

Avi Schiffmann, the founder and CEO of Friend, told TechCrunch over email that the purchase has already paid for itself.

Maybe Friend wasn’t crazy for spending $1.8M on a domain after all

AI companies are gobbling up investor money and securing sky-high valuations early in their life cycle. This dynamic has many calling the AI industry a bubble. Nick Frosst, a co-founder…

Cohere co-founder Nick Frosst thinks everyone needs to be more realistic about what AI can and cannot do

Reddit users will soon see AI-generated summaries at the top of search results.  Reddit co-founder and CEO Steve Huffman told investors during its earnings call on Tuesday that the company…

Reddit to test AI-powered search result pages

Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes by specific topics discussed in the episode.  When you visit the…

Amazon Music’s new AI feature lets you browse podcast episodes by topic 

Although AI models have made big breakthroughs in the last few years, there’s now a risk that they could get dumber and even collapse, according…

TechCrunch Minute: Will AI get dumber?

Government websites aren’t known for cutting-edge tech. GovWell co-founder and CTO Ben Cohen discovered this while trying to help his dad, a contractor, apply for building permits. Cohen worked as…

GovWell is bringing automation and efficiency to local governments

Apple joins 15 other tech companies — including Google, Meta, Microsoft and OpenAI — that committed to the White House’s rules for developing generative AI.

Apple signs the White House’s commitment to AI safety

Autonomous vehicle software startup Applied Intuition has closed a $300 million secondary sale just four months after raising a $250 million Series E round, yet another sign of how white-hot…

Applied Intuition closes $300M secondary four months after raising $250M

Nathan Rosenberg, the founder of farm automation platform Farmblox, said if there is one thing to know about trying to sell technology to farmers, it’s that you can’t tell them…

Farmblox puts the control into farmers’ hands with its AI-powered sensor-reading platform

A team of former Google DeepMind researchers are betting that their unique behavior engine for NPCs will make games more fun and dynamic.

Artificial Agency raises $16M to use AI to make NPCs feel more realistic in video games

When Jaclyn Rice Nelson and Noah Gale launched AI talent and services company Tribe AI in 2019, they had to convince companies that having an AI strategy mattered. After the…

Tribe AI raised venture capital to keep up with demand after six years of bootstrapping

Tinder revealed last year that it was testing a photo-selection feature that uses AI to help users choose the best photos for their dating profiles. Now dubbed “Photo Selector,” the…

Tinder’s AI Photo Selector automatically picks the best photos for your dating profile 

In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally.

Here’s the full list of 28 US AI startups that have raised $100M or more in 2024

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. This…

Defending Russia’s EU neighbors

A bipartisan group of senators has introduced a new bill that seeks to protect artists, songwriters and journalists from having their content used to train AI models or generate AI…

New Senate bill seeks to protect artists’ and journalists’ content from AI use

Medal, a startup that is better known for its video game clipping product, just announced that it has raised $13 million at a valuation of $333 million from several investors,…

Medal raises $13M as it builds out a contextual AI assistant for desktop

Since AI started its historic rise in prominence in 2022, the conversations around how the industry could be regulated have swelled at a similar rate.…

Why the AI industry should want regulation now, not what could come later

Bumble’s new reporting option arrives at a time when, unfortunately, AI-generated photos on dating apps are common

Bumble users can now report profiles that use AI-generated photos

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. This week, Figma CEO Dylan…

Figma pauses its new AI feature after Apple controversy

Elon Musk’s X is exploring more ways to integrate xAI’s Grok into the social networking app. According to a series of recent discoveries, X is developing new features like the…

X plans to more deeply integrate Grok’s AI, app researcher finds

There are plenty of resources to learn English, but not so many for near-native speakers who still want to improve their fluency. That description applies to Stan Beliaev and Yurii…

YC alum Fluently’s AI-powered English coach attracts $2M seed round

In the conversation, Zuckerberg said there needs to be a lot of different AIs that get created to reflect people’s different interests.

Zuckerberg disses closed-source AI competitors as trying to ‘create God’