Daily Crunch: OpenAI, Anthropic and Stability AI receive half of Sound Ventures’ $240M AI fund

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Happy Google Day! There’s been a wall of interesting news coming out of the search giant and everything else at its I/O event. Christine summarized everything Google has announced at I/O so far, so that’s a good place to start.

Also, it’s a strange pleasure when TechCrunch is the ultimate boss joey share something on the site, breaking down how we’re disrupting TechCrunch Disrupt: 8 stages, 3 days, 1 city. When you talk about the Disrupt topic, here’s your chance to vote for the roundtables and breakout groups you want at the event.

much love, Cristina i He came

The TechCrunch Top 3

  • wasteful: connie He spoke with Sound Ventures’ Effie Epstein to get the scoop on which three lucky companies were the recipients of a big chunk of the venture capital firm’s new AI fund.
  • Flying object identified: darrell reports on Vast and SpaceX’s plan to put the first commercial space station into orbit by 2025. And check out ariagoes into Vast in the Big Tech section.
  • You have the world in your hand: Google released PaLM 2, its next-generation large language model. Frederic 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. Check out what we have so far in the news at Google I/O in the Big Tech section.

Startups and VCs

Autonomous delivery startup Nuro is in the midst of a restructuring that will lead to layoffs and shift resources from business operations 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 laid off 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 pay any of these fines remains an open question, as the US-based company has not cooperated with EU regulators.

There’s another fist for you too:

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 gain customer insights, but these metrics “may not be what they seem,” writes Ross Haleliuk, an investor who is also Head of Product at

“Context matters a lot, and the realities of different organizations, geographies, cultures and market segments greatly influence what can be measured and what actions can be taken from those observations.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps startup founders and teams get ahead. You can register here. Use code “DC” to get 15% off an annual subscription!

Big Tech Inc.

It’s Google I/O Day and our team has written at least 30 stories to bring you all the goods to your awesome readers. You can see the full download on the Google I/O 2023 event page, but here are some details:

Yes, we have some non-Google news too:

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Upheaval in 2023

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Ikaroa, a full stack tech company, is excited to share news that OpenAI, Anthopic and Stability AI have each been awarded a portion of the recently announced $240 million AI fund backed by Ashton Kutcher’s investment firm, Sound Ventures. These funds are intended to help accelerate the research and development of applications and services based on AI technologies. OpenAI, Anthopic, and Stability AI are just three of the companies that will benefit from what is being called the “largest AI fund of its kind” in the world.

OpenAI, founded in 2015, has become one of the leaders in AI-based research and development. It has published groundbreaking research and tools in areas such as robotics and natural language processing. Anthopic, a UK-based start-up, is working to make AI more transparent and accountable. Anthopic’s technology will help companies develop deep learning-powered applications to help reduce data-driven risks.

Stability AI, a California-based start-up, is developing technology for predictive analytics for use in critical applications such as healthcare and finance. The technology is being used to predict critical medical outcomes and measure the financial health of companies.

At Ikaroa, we believe that the investment in these companies is an important step forward in AI innovation. We look forward to seeing the impact that the funds have on their research and development work and hope that they will bring more AI based innovation to the world.


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