Daily Crunch: OpenAI, Anthropic and Stability AI Receive Half of Sound Ventures’ $240 Million AI Fund

To get a roundup of MinRegion’s biggest and most important stories delivered to your inbox every day at 3PM PDT, register here.

Happy Google Day! A wall of interesting news has come out of the search-and-everything giant at its I/O event. Christine summarized everything Google has announced at I/O so far, so that’s a good start.

It’s also a rare treat as a MinRegion top boss Joey shares something on the site explaining how we disrupt MinRegion Disrupt: 8 stages, 3 days, 1 city. Speaking of Disrupt, here’s your chance to vote for the roundtables and breakouts you want at the event.

Lots of love, Christine And Hey

The MinRegion Top 3

  • Big spender: Connie spoke to Sound Ventures’ Effie Epstein to get the scoop on where three lucky companies received a large chunk of the venture capital firm’s new AI fund.
  • Identified flying object: Darrell reports on Vast and SpaceX’s plan to launch the first commercial space station into orbit by 2025. Ariadives deep into Vast in the Big Tech section.
  • You have the world in the PaLM of your hand: Google launched PaLM 2, the next generation major language model. Frederick writes that “PaLM 2 will power Google’s updated Bard chat tool and act as the base model for most of the search engine giant’s new AI features. See what we have so far in Google I/O news in the Big Tech section.

Startups and VC

Nuro, an autonomous delivery startup, is in the midst of a restructuring that will lead to layoffs and a shift of resources from commercial activities to R&D. Kirsten reports. Nuro declined to share how many of its approximately 1,100 employees will be affected. Employees are expected to know who will be fired by the end of the week.

Natasha L reports that Clearview has been fined again, this time in France, for failing to comply with privacy orders. Whether Clearview will ever pay any of these fines remains an open question, as the US-based company does not cooperate with EU regulators.

There’s also a handful for you:

3 key metrics for cybersecurity product managers

Close-up of several wooden rulers

Image Credits: Tetra images (Opens in a new window) /Getty Images

Cybersecurity product managers typically measure conversion rates, detection accuracy, and usage/engagement to get customer insights, but these metrics “may not be what they seem,” writes Ross Haleliuk, an investor who is also head of product at LimaCharlie.io.

“Context is very important, and the realities of different organizations, regions, cultures and market segments have a major impact on what can be measured and what actions can be taken based on these observations.”

Three more from the TC+ team:

MinRegion+ is our membership program that helps founders and startup teams lead the way. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

It’s Google I/O Day and our team has written at least 30 stories to deliver all the goods for you lovely readers. You can view the full download on the dedicated Google I/O 2023 event page, but here are some tidbits:

Yes, we’ve got some non-Google news too:

Download your MinRegion fix IRL. Join Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo, there’s something for everyone at Disrupt. Save up to $800 when you buy your pass now through May 15, and save 15% on top of that with promo code DC. Learn more.

Disrupt 2023

Leave a Comment