iCloud News: AI industry heavyweights discuss their privacy, security concerns at Bloomberg conference

Friday, June 23, 2023

Today we report more about how generative AI is being used in our lives — spoiler, it's being "deployed as surveillance devices." And Apple is in discussions again with India regarding Apple Pay and this country is now the proud home of "Europe's largest tech campus." This is your Daily Crunch for Friday. Have a great weekend!

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More top stories

If you've been following the hubbub surrounding India's edtech giant Byju's, this one's for you. After losing its auditor and three board members yesterday, additional executives, including those from Prosus and Sequoia, have confirmed resignations from Byju's board. We've since learned that India's corporate affairs ministry noticed what was going down and ordered an investigation into Byju's days before the resignations began happening. Stay tuned.

This Pillow was rock hard: Find out why crypto startup Pillow told customers it was discontinuing all services.

More layoffs: Learn why ride-hailing firm Grab decided to lay off over 1,100 employees.

ABCs and 123s: Learn more about Google's new accessibility and collaboration features for classrooms.

Ground floor of reversing climate change: Meet early-stage climate investor Sophie Purdom's new pre-seed and seed-stage climate fund.

The continuing saga of Do Kwon: Learn where Terraform Labs founder Do Kown will be for the next four months.

Smart business: Read how Forcite seeks the smart helmet success that Skully squandered.

Who's calling?: EvaluAgent brings in $20 million to build out software that evaluates call center agents.

No walk on the Breach: BreachForums has its hacking site seized by the U.S. government.

New for YouTube: Make sure you are who you say you are. YouTube's updated guidelines require it. And the company is testing out an AI-powered dubbing tool.

Additional weekend reading:

Washington could be the next state to require Tesla charging standard

UK touts £21M fund to extend AI deeper into the National Health Service

EV truck maker Nikola suspects foul play in headquarters fire

Meta to pull news from Facebook and Instagram in Canada

Atmos Space Cargo is building return capsules for in-space research and manufacturing

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Falling into these 3 traps means you will never raise VC funding

According to Haje Jan Kamps, there are three reasons why some startups will never get a thumbs-up from an investor:

The market is too small.
The team is not good enough.
The plan doesn't make sense.

These are all major problems, but here's the good news: These are only existential issues for ego-driven founders. People who can accept that they don't have all the answers are able to pivot to success.

Four more from the TC+ team:

AI and crypto integration is going to happen whether you want it or not

While everyone keeps talking about AI, HR tech startups are quietly building toward a $24B market

Brian Armstrong thinks Coinbase could become a 'super app'

What happens if regulators nix the $20B Adobe-Figma deal?

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Falling into these 3 traps means you will never raise VC funding image

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