00009
TITLE
Day: June 27, 2023

Day: June 27, 2023

Reka emerges from stealth to build custom AI models for the enterprise

Large language models (LLMs) like OpenAI’s GPT-4 are all the rage these days, owing to their unparalleled ability to analyze and generate text. But for organizations looking to leverage LLMs for specific tasks — say, writing ad copy in a brand’s style — their generalist nature can become a liability. When the instructions get too precise, even the best LLMs struggle with consistency. Fine-tuning, or narrowing an LLM’s scope, is one solution. But it’s often challenging from a technical standpoint, not to mention costly. Motivated to find an easier way, a team of researchers from DeepMind, Google, Baidu and Meta

Read More »

How Shein’s influencer trip to a Chinese factory backfired

As Shein eyes an IPO, the company’s image needs a serious makeover. From stealing indie designers’ work, to violating local labor laws, Shein has fallen out of vogue on social media, so the company invited a group of influencers to tour one of its factories in Guangzhou, China. “I expected the facility to be so filled with people just slaving away, but I was actually pleasantly surprised that most of these things were robotic,” said Destene (@itsdestene_), a creator with more than 4 million followers, in a TikTok. “Honestly, everyone was just working like normal, like chill, sitting down, they

Read More »

Apple Arcade is adding Stardew Valley, Ridiculous Fishing and more in July

Apple Arcade is a getting a trio of notable indie games in July, including Stardew Valley, Slay the Spire and Ridiculous Fishing. Launched in 2016, Stardew Valley is an open-ended country-life RPG that gained popularity for its gentle art style and calm vibes. Apple Arcade’s version of the game will include recent updates, including new town upgrades, dating events, crops, fishing ponds, hats, clothing and pets. The game will launch on Apple Arcade on July 21. As for Ridiculous Fishing, the tech giant says the Apple Arcade version is a full and expanded remaster of the original game and is

Read More »

Amazon launches AWS AppFabric to help customers connect their SaaS apps

Amazon wants to help organizations connect the various apps that they use — leveraging, in part, AI. The company today announced AWS AppFabric, a new no-code service designed to bridge the gap between software-as-a-service (SaaS) apps in enterprise environments. Amazon claims that AppFabric, generally available as of today, can deliver better security and management than rival solutions on the market. “With AppFabric, we’re enabling customers to actually get assistance and get access to information at the right time,” Federico Torreti, the head of product for AppFabric, told TechCrunch during a briefing. “Companies don’t need to worry about building and maintaining

Read More »

The quest for better AI recommendation engines

Switch on your streaming service of choice or open up the website for your preferred department store and a recommendation system is sure to kick in. “You liked this TV series, so we think you’ll like this one!” Or: “As you’re looking at a pink linen skirt, think about buying these cream espadrilles to go with it!” They are key commerce drivers because they help customers see the products that they’re most likely to purchase. But they don’t fit neatly into existing machine-learning toolchains. Some of the best-known recommendation engines are for content. YouTube’s eerie sense of what you might

Read More »

Volvo becomes latest automaker to adopt Tesla EV charging standard

First came Ford. GM and Rivian followed. Now, Volvo is turning to Tesla’s North American Charging Standard. Under an agreement announced Tuesday, Volvo EV owners will have access to about 12,000 of Tesla’s fast chargers, known as Superchargers, via an adapter starting in the first half of 2024. Today, Volvo produces and sells two battery electric vehicles, the XC40 and C40 Recharge. The company, which aims to only produce EVs by 2030, recently revealed the EX30 and EX90. The bigger change occurs in 2025 when Volvo EVs sold in North America will be built with Tesla’s North American Charging Standard

Read More »

TikTok’s new monetization feature invites creators to make video ads for a chance to earn money

TikTok is introducing a new way for creators to earn money on its platform. The company announced on Tuesday that it’s launching the “TikTok Creative Challenge,” a new monetization feature that allows creators to submit video ads to brand challenges and receive money based on video performance. TikTok Creative Challenge is currently in testing as with select brands. To be eligible for the new feature, creators must be at least 18 years old and have a US-based account with a minimum of 50,000 followers. Once enrolled in the TikTok Creative Challenge, creators will be able to browse through a list

Read More »

As Lordstown immolates, SPAC deals that didn’t go to zero feel like the exception

In 2020 and 2021, we had several months when enthusiasm for new EV manufacturers was crossed with the resurgence of blank-check companies. Also called special purpose acquisition companies, or SPACs, these listed shell companies promised quick access to capital and a path to the public markets, and a wide array of tech and tech-ish companies took them up on the offer. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. In 2020 and 2021, several electric vehicle companies took the SPAC route to raise quick cash and go public,

Read More »

Still, sparkling, or made from the air? with Reuben Vollmer and Tyler Breton from Spout

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by the founders of Spout, a startup that makes a device that can pull fresh drinking water out of the air. Co-founder Reuben Vollmer talked about trying and failing to get the company off the ground for years before meeting his co-founder Tyler Breton. Both talked about how important getting the design of the product right is and how big of a need there is for a product like Spout. Subscribe to Found to hear more stories from founders each week.

Read More »