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Day: June 20, 2023

Day: June 20, 2023

Volkswagen’s breakthrough could spark a battery manufacturing gold rush

Inflation hasn’t been kind to batteries. After more than a decade of remarkably consistent declines in the price of lithium-ion battery packs, last year, the trend reversed itself. The uptick was small but notable. New technologies tend to follow a similar path down the cost curve and batteries weren’t thought to be an exception. But lags in material supplies and soaring demand tacked an extra $12 onto every kilowatt-hour of capacity, according to BloombergNEF. Just a couple years ago, experts surveyed by BloombergNEF were expecting total pack prices to plunge to $100 per kWh in 2024. Now, that same survey

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Chrome on iOS to get built-in Lens support, along with new Maps and Calendar integrations

Google announced today that Chrome on iOS is getting a few new features, including built-in Lens support that will allow users to search using just their cameras. Although you can already use Lens in Chrome on iOS by long-pressing an image you find while browsing, you will soon also be able to use your camera to search with new pictures you take and existing images in your camera roll. The company says the new integration is launching in the coming months. For context, Google Lens lets you search with images to do things like identify plants and translate languages in

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Twitch’s new Partner Plus tier strains an already tense relationship with creators

Twitch’s new Partner Plus tier, which will grant qualifying streamers a 70/30 revenue split, has been hailed as a win for the platform’s community. But the program’s lofty requirements exclude the vast majority of Twitch Partners, and compounds the already tense relationship between Twitch and its creators.  “A lot of people are looking for reasons to be happy with Twitch after all the recent drama,” Diva, a Twitch Partner who streams under the handle Divatopia, said. “I feel like Twitch has been making not very creator-minded decisions so they are grasping at straws to do any kind of improvement to

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Netflix launches website based on the fictional streaming service from ‘Black Mirror’

After the first episode of “Black Mirror” Season 6 went viral for poking fun at Netflix, the streamer is now joining in on the joke. Netflix launched two websites based on “Streamberry,” the fake streaming service from the satirical anthology series. Netflix created Streamberry.tv, an exact copy of the fictional platform that features characters from the show. The streaming giant also launched youareawful.com, where users can upload their own photos to become the subject of a Streamberry show. Streamberry was featured in the first episode of “Black Mirror,” where Joan, a jaded employee at a tech company, discovers her life is

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Olx Group cuts 800 jobs as it shuts down some markets

Olx Group, the online marketplace and classifieds business arm of Prosus, has cut around 800 jobs globally. Today’s move comes as the company started to close operations of its automotive business unit Olx Autos in some markets after long exploring potential buyers and investors, TechCrunch learned and as confirmed by the company. The Amsterdam-headquartered company, which is operating in over 30 countries around the world, recently started informing the affected employees about the layoffs. They are not limited to a particular market or division, people familiar with the matter told TechCrunch. An Olx spokesperson confirmed the job cuts to TechCrunch

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Upgrading AI-powered travel products to first class

Eric Crowley Contributor Share on Twitter Eric Crowley is a partner in the San Francisco office of global investment bank GP Bullhound. More posts by this contributor Taking consumer subscription software to the great outdoors Adam Segall Contributor Adam Segall is an associate in the San Francisco office of global investment bank GP Bullhound. In the race for dominance in the AI travel industry, even a small lead matters right now. Every player in the space trying to capitalize on the promise of new AI/LLM technologies is struggling with the fact that major platforms like ChatGPT are limited by data

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These are the first Denon-branded Nura headphones

Nura suffered the same quiet fate as countless startups before. The innovative Australian firm was effectively acqui-hired by Masimo, which has been amassing its own arm of audio brands. The Southern Californian medical device company previously purchased numerous familiar names, including Bowers and Wilkins, Polk Audio and Denon. Unlike those firms, however, the Nura brand has gone away as a result. COO Blair Tripodi told me back in April, “Nura was a technology tuck-in and acquisition-hire of engineering talent to support the Masimo Adaptive Acoustic Technology (AAT) platform.” The deal was initially positioned as a partnership to the outside, with

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Shaquille O’Neal will discuss investing in Edsoma, life as a mogul and more at Disrupt

Talk about a slam dunk. Shaquille O’Neal, 15-time NBA All-Star, four-time NBA Champion and three-time NBA Finals MVP, will join us at TC Disrupt 2023, which takes place September 19-21. Following nearly two decades in the NBA, Shaq has built an estimated $400 million business empire — moving easily from superstar to mogul. He’ll join us in his role as lead investor in Edsoma, an AI-powered reading, education and communication platform for children. Kyle Wallgren, the company’s founder and CEO, will also take part in this fireside chat. A committed advocate for children’s literacy, O’Neal has participated in charity basketball

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Alibaba shakes up its leadership, OpenAI lobbies EU regulators, and the late-stage market is a mess

Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. All the cool kids are filling out the Equity listener survey. We want to hear from you!  Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. This time ’round we are here on a Tuesday due to an American holiday! Here’s the rundown: Stocks are mixed the world around as central banks tinker with interest rates to try and tune their domestic economies. The crypto world remains

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