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We have reached Friday! If you’re looking for a good podcast episode, I highly recommend today’s. Equity where natasha m., maria anna Y Scholarship talk about CES, NYE, SBF and FTX, wow! Also, thank the Daily Crunchers for reading yesterday’s newsletter and helping make it one of today’s most read stories. It warms my heart and I hope today’s news is just as exciting. Without any more preambles… – christina
TechCrunch Top 3
- Knock, knock, it’s guaranteed tenants at the door: Property owners don’t always have peace of mind when renting out their spaces, but Doorstead believes his approach is addressing that. maria anna reports that the company secured $21.5 million of new funding to not only tell you how much you can expect in rent, but also to make sure you always have a tenant for your rental property.
- credit buzz: Indian fintech KreditBee’s underwriting business model to help people get microloans attracted even more venture capital (in fact, $100 million) to boost the company’s valuation to nearly $700 million, manish writes
- Seeing is believing: Haha reports on Lumus’ “offer to make AR glasses a little less awkward.”
TechCrunch@CES
If you liked the previous article on Lumus, then you’ll love what the TechCrunch team has in store for you today as they continue to cover the Presentation of electronic objects for the consumer in Las Vegas Two more days to go!
Gadgets and gadgets galore:
Will record levels of dry powder trigger a delayed blowout of the initial investment?
Image Credits: Tim Robberts/Getty Images
There’s a subtext to the waves of layoffs and Craigslist ads for discount office furniture: Tech investors have racked up roughly $290 billion in dry powder.
“Despite the recession, strong cash supply and tailwinds to spending on digitization are leading some market participants to believe we are in for a strong investment cycle,” say Raphael Mukomilow and Pierre Bourdon of Picus Capital.
After tracking uninvested capital by year since 2006, the pair found that “a crisis in 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+ is our membership program that helps start-up founders and teams get ahead of the rest. You can sign up here. Use code “DC” to get 15% off an annual subscription!
big tech inc
If you use Snap’s desktop camera to have a fun filter during video calls, start saying goodbye to it now. Ivan reports that Snap is closing the camera app on January 25 to focus on its Camera Kit for Web feature. He also points out that there could be more behind the move, writing: “The outage of the Snap Camera app, first detected by the edge – not entirely surprising. last year, cut 20% of their staff Y shut down its drone product months after its first release.
And we have five more for you:
- We’re cutting prices from left to right: Mate reports that Tesla cut the prices of its Model 3 and Model Y in China for the second time in three months.
- Plagiarism in the world of AI: If you were in school in the late 1990s or early 2000s, you might 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 now that ChatGPT is a thing. Amid the news that New York City public schools are blocking ChatGPT, OpenAI says it is working on “mitigations” to help detect text generated by ChatGPT, Kyle reports.
- TikTok, it’s time to go to bed: We’ve heard of alarms to wake you up, but the phone screen was meant to keep you busy when you should be sleeping. “No problem,” he says TikTok, which is testing a “sleep reminder” feature who nudges you when it’s time to sleep, Aisha writes And that’s not all, it also reports that TikTok has video thumbnail debugging now to make it easier to find specific parts of videos.
- It’s enough to make you Twitch: Website and app outages happen all the time, but when amanda I saw what happened to Twitch for the second time in a weekdecided to get to the bottom of the matter.
- Samsung doesn’t sing a happy tune: Kate reports on Samsung’s preliminary estimates of its quarterly earnings, which don’t look good. Phone and memory chip maker says quarterly profit hit an eight-year low amid weak demand for its products.
