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Verizon dropped hundreds of millions on BlueJeans at the height of the pandemic lockdowns. Three years and some change later, the lesser-known video-conferencing app is done for, the telecom giant told users today. In a mass email, Verizon wrote that it “made the difficult decision to sunset our suite of BlueJeans products.” 9to5Google first reported …
W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Today I’m looking at a recent acquisition that shows the drive toward more resilient APIs. Also this week, a recent round that adds …
Global supply chains have made the world smaller by enabling us to have virtually anything we want at the tap of a finger. But when it comes to things like verifying a physical object’s origin or its composition, those same fragmented chains and the many steps between a producer and a buyer can be an …
AI, when it works well, can feel like magic, but all too often AI-based systems don’t work as they should: If the data used to train models is not deep, wide and reliable enough, any kind of curveball can send that AI in the wrong direction. A London startup called Prolific has built a system …
Prolific raises $32M to train and stress-test AI models using its network of 120K people Read More »
A new paper from researchers at Swiss university EPFL suggests that between 33% and 46% of distributed crowd workers on Amazon’s Mechanical Turk service appear to have “cheated” when performing a particular task assigned to them, as they used tools such as ChatGPT to do some of the work. If that practice is widespread, it …
We should all be worried about AI infiltrating crowdsourced work Read More »
In a flurry of activity at the end of last year, Salesforce announced that co-CEO Bret Taylor was stepping down. Shortly thereafter, Slack co-founder and CEO Stewart Butterfield announced his exit. We would soon learn that his replacement would be Lidiane Jones, who at the time was GM of Commerce Cloud, Marketing Cloud and Experience …
After investing $28B in Slack, Salesforce bets on one of its own as new CEO Read More »
Last summer, Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to $25.6 billion. Now, …
T. Rowe Price has marked down its stake in Canva by 67.6% Read More »
Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding round, as it plans to expand into global markets and widen its reach through mergers and acquisitions. The funding arrives at a crucial time amidst the prevailing market slowdown, where startups, particularly those …
Indian SaaS startup Capillary Technologies grabs $45M to expand globally Read More »
Not unlike a post-Internet-era Bloomberg Terminal, OpenFin was a startup which joined the revolutionary world of user interfaces to fast-moving information, back in 2010. If you cast your mind back, those old interfaces were not good, to put it mildly. Think what it was like ordering a cab 15 years ago? Any app that made …
OpenFin’s attack on the ‘toggle tax’ in financial apps secures it a $35M Series D round Read More »
Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday, as it pushes ahead to scale up its AWS business in the key overseas market at a time when it has cut several other spendings in the region. The company, which has earlier invested $3.7 billion …
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