Thursday, July 4, 2024

Google releases new open LLMs, Rivian lays off employees and Sign rolls out usernames

Welcome, of us, to Week in Overview (WiR), TechCrunch’s common publication masking noteworthy happenings within the tech business.

This week, Google launched two new open massive language fashions, Gemma 2B and Gemma 7B, in its continued bid for generative AI dominance. The corporate, which describes the LLMs as “impressed by Gemini,” its flagship household of GenAI fashions, made every out there for business and analysis utilization.

Elsewhere, embattled database firm MariaDB revealed that it might be taken non-public in a $37 million deal. The nonbinding proposal comes 14 months after MariaDB went public by way of SPAC, Paul writes.

Heaps else occurred. We recap all of it on this version of WiR — however first, a reminder to join to obtain the WiR publication in your inbox each Saturday.

Information

Tragedy: Earlier this week, Marco Troper, the 19-year-old son of former YouTube CEO Susan Wojcicki, was discovered useless at UC Berkeley of an obvious drug overdose.

Cake sale: The way forward for bankrupt electrical motorcycle startup Cake continues to be unsure, however the majority of its U.S. stock goes to a person in Florida, Sean reviews.

Change Healthcare hit: Change Healthcare, one of many largest healthcare tech firms within the U.S., confirmed {that a} cyberattack on its techniques occurred not too long ago.

Rivan layoffs: Rivian is shedding 10% of its salaried workforce in a bid to chop prices in an more and more powerful marketplace for electrical autos, placing much more stress on its future, extra reasonably priced EV known as the R2.

Dunzo buyout: Indian e-commerce large Flipkart has held discussions in latest weeks about probably buying Dunzo, the hyperlocal supply startup backed by Reliance Retail, Manish reviews.

Extra privateness: Sign now permits you to preserve your telephone quantity non-public with the launch of usernames.

YouTube triumphant: YouTube dominates TV streaming within the U.S., per Nielsen’s newest report.

Valuation lower: Byju’s says its not too long ago launched $200 million rights situation has been totally subscribed, however the startup’s founder urged a few of its main buyers to take part amid a rift between the edtech group and a few of its largest shareholders, Manish writes.

Funding

Profitable grooming: France-based Planity has raised $48 million to increase its software-as-a-service product for hair salons.

Brick-laying robots: Dutch startup Monumental landed a $25 million tranche for its robotic carts and arms that assist lay bricks for building.

Evaluation

Phase underneath risk: Alex and Ron check out the explanation why Phase, the client knowledge firm, might be put up on the market by company guardian Twilio. Activist stress has so much to do with it.

Podcasts

On Fairness, the crew talked about Reddit’s upcoming IPO, together with some spectacular raises for edtech startup Loora, Bioptimus and Dili.

Discovered dove into the big net of the marriage business with Shan-Lyn Ma, the co-founder and CEO of Zola. Ma talked about why she determined to launch the enterprise after attempting to purchase a present for a good friend and realizing that wedding ceremony registries had been nonetheless residing up to now.

And Chain Response had on Steve Kaczynski, co-author of the guide “The All the pieces Token” and co-host of the web3 morning present “Espresso with Captain.” 

Bonus spherical

New AI chip enterprise: SoftBank Group’s Masayoshi Son is reportedly in search of $100 billion to construct a brand new enterprise that’d compete with the likes of Nvidia within the space of AI chips.

OnePlus returns to watches: OnePlus’ upcoming Watch 2 — the corporate’s first smartwatch in years — guarantees a jaw-dropping 100 hours “in full Sensible Mode.”

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