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We’ve come to Friday! If you are looking for a good podcast episode, I highly recommend today justice where Natasha MAnd Mary Ann And pica Talk about CES, NYE, SBF, and FTX — oh my! Also, a shout out to you Daily Crunchers out there for reading yesterday’s newsletter and helping it be one of today’s most read stories. It gratifies my heart, and I hope today’s news will be just as captivating. Without further goodbye… – Christine
Top Techcrunch 3
- Knock, knock, it’s trusty tenants at the doorLandlords don’t always have peace of mind while leasing their space, but Doorstead believes its approach is to solve that. Mary Ann reports on the company securing $21.5 million in new funding not only to tell you how much rent you can expect, but also to make sure you always have a tenant for your rental property.
- Credit buzz: Indian fintech KreditBee’s IPO business model to help people get micro-loans is attracting more venture capital — $100 million, in fact — to boost the company’s valuation to nearly $700 million, Manly… masculine Writes.
- seeing is believing: Pilgrim Reports of ‘Lumus’ offering to make augmented reality glasses less disorienting. “
TechCrunch @ CES
If you liked this item above on Lumus, you’ll love what the TechCrunch team has in store for you today as they continue to cover Consumer Electronics Show in Las Vegas. Only two more days left!
Abundant Tools and Gadgets:
Will Record Dry Powder Levels Cause a Late Explosion in Startup Investing?
Image credits: Tim Roberts/Getty Images
There’s a subtext to waves of layoffs and Craigslist ads for discount office furniture: Tech investors have raised nearly $290 billion in dry powder.
“Despite the economic downturn, strong money supply and tailwinds to spending on digitization are leading some market participants to believe we are in a vigorous investment cycle,” says Rafael Mucumello and Pierre Bourdon of Pecos Capital.
Tracking uninvested capital by year since 2006, the pair found that “a crisis within the investment landscape has often been followed by years of systematic outperformance of returns, and history has a way of repeating itself.”
Three more from the TC+ team:
Techcrunch + It is our membership program that helps founders and startup teams get ahead of the pack. You can register here. Use the code “DC” to get 15% off an annual subscription!
BigTech Inc.
If you’ve been using Snap’s desktop camera to give yourself a fun filter during video calls, start saying goodbye to it now. Ivan reports it Snap closes the Camera app on January 25th to focus on Camera Kit for the web. He also notes that there may be more behind the move, writing, “Snap Camera app shutdown – first spotted by the edge – Not entirely surprising. Last year, it is Cut 20% of its employees And UAV producer closed months after it was first released.
And we have five more for you:
- We’re lowering prices left and right: not shiny reports it Tesla has cut prices for its Model 3 and Model Y. In China for the second time in three months.
- Scientific theft in the world of artificial intelligence: If you were in school in the late 1990s or early 2000s, you may remember your teacher telling you not to use the Internet because it was full of misinformation. Well, technology has come a long way, and even longer after ChatGPT became a thing. Amid news that New York City public schools are banning ChatGPT, OpenAI says it is working on “mitigations” to help detect ChatGPT-generated textAnd Kyle reports.
- TikTok, it’s bedtime: We’ve heard of alarms to wake you up, but this phone screen was meant to keep you busy when you should be asleep. says “no problem” TikTok, which is testing a ‘sleep reminder’ feature It nudges you when it’s time to sleep, ayishah Writes. And that’s not all — it also reports that TikTok has it Video refining thumbnails Now to make it easier to find certain parts of the videos.
- It’s enough to make you TwitchWebsite and app outages happen all the time, but when Amanda I saw what happened to Twitch for the second time in a weekI decided to get to the bottom of it.
- Samsung does not sing a happy tune: Kate Reports on Samsung’s initial estimates for its quarterly earnings, which don’t look good. memory chip and phone maker says Quarterly earnings hit an eight-year low amid weak demand for its products.