APAC startups: Apply to Startup Battlefield 200

TechCrunch Disrupt is a global event, and the Startup Battlefield 200 cohort reflects the rich geographic genius the world has to offer. Although we’ve never had a startup from Antarctica, that’s probably just a matter of time. Right now, however, we’re looking at the countries that make up APAC and Oceania.

APAC and Oceania: Join the Startup Battlefield 200

Time is running out, so we urge all startups residing in the Far East, Middle East, Southeast or down under to apply for the Startup Battlefield 200 at Disrupt 2023. The application window closes on May 15 at 11:59 p.m. PDT.

SB 200 is the startup world’s preeminent competition, and it has a global reach. The inaugural cohort, which debuted last year at Disrupt 2022, included 14 startups from seven APAC/Oceania nations, including Australia, India, Israel, New Zealand, Singapore, South Korea and the United Arab Emirates.

Two startups from the region were chosen as SB 20 finalists. The founders of BetterData (Singapore) and Digest.ai (United Arab Emirates) pitched to the entire Disrupt audience, including top-tier investors from around the world, for a shot at $100,000 in the Startup Battlefield competition.

Benefits for the Startup Battlefield 200 at TC Disrupt 2023

SB 200 membership has its privileges, the first of which is the highly coveted TechCrunch seal of approval. Then there’s intense (and invaluable) investor and media interest. The SB 200 founders also receive a plethora of free perks, benefits and opportunities.

Access to Disrupt: This includes four additional passes and VIP access to all the presentations, breakouts and roundtables.

Exclusive workshops and masterclasses: SB 200 founders will enjoy workshops in the weeks leading up to Disrupt. They also receive special pitch training from TechCrunch staff and one free year of TechCrunch+ membership.

Flash pitch at Disrupt: That special training will come in handy when you step onto the Showcase Stage and pitch in front of investors and TechCrunch editors. Receive invaluable feedback and — who knows? — you might even catch an investor’s interest.

Exhibition space on the show floor: The SB 200 will be the only early-stage startups allowed to exhibit at Disrupt.

Saving the best for last: All SB 200 founders have a shot at competing for $100,000 in the Startup Battlefield pitch competition. TechCrunch editors will select 20 startups from the SB 200 to be Startup Battlefield Finalists. Founders from those 20 companies will be featured on TechCrunch, receive private pitch coaching and then pitch live onstage in front of the entire Disrupt audience. The ultimate winner takes home the $100,000 equity-free prize and all the glory.

APAC and Oceania, show us your game-changing startups! If you want to launch to the world on a global stage, apply to the Startup Battlefield 200 by May 15 at 11:59 p.m. PDT. We want to see you this September in San Francisco!

Is your company interested in sponsoring or exhibiting at TechCrunch Disrupt 2023? Contact our sponsorship sales team by filling out this form.

APAC startups: Apply to Startup Battlefield 200 by Lauren Simonds originally published on TechCrunch

https://techcrunch.com/2023/05/10/apac-oceania-apply-startup-battlefield-200-disrupt-2023/

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

Cybersecurity product managers usually 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’s also head of product at LimaCharlie.io.

“Context matters a lot, and the realities of different organizations, geographies, cultures and market segments heavily influence what can be measured and what actions can be taken based on these observations.”

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

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

Also, it’s a rare treat when TechCrunch top boss Joey shares something on the site, breaking down how we’re disrupting TechCrunch Disrupt: 8 stages, 3 days, 1 city. While on the topic of Disrupt, here’s your chance to vote for the roundtables and breakouts you want at the event.

Much love, Christine and Haje

The TechCrunch Top 3

  • Big spenderConnie spoke with Sound Ventures’ Effie Epstein to get the scoop on which three lucky companies were the recipients of a large chunk of the venture capital firm’s new AI fund.
  • Identified flying objectDarrell reports on Vast’s and SpaceX’s plan to put the first commercial space station into orbit in 2025. And check out Aria’s deep-dive into Vast in the Big Tech section.
  • You’ve got the world in the PaLM of your hand: Google launched PaLM 2, its next-gen large language model. Frederic writes that “PaLM 2 will power Google’s updated Bard chat tool and function as the foundation model for most of the search engine giant’s new AI features. See what we have so far in Google I/O news in the Big Tech section.

Startups and VC

Autonomous delivery startup Nuro is in the midst of a restructuring that will result in layoffs and shift resources away from commercial operations and toward R&D, Kirsten reports. Nuro declined to share how many of its roughly 1,100 employees will be affected. Employees are expected to learn who will be laid off by the end of the week.

Natasha L reports that Clearview was fined yet again, this time in France, for failing to comply with privacy orders. Whether Clearview will ever pay any of these fines remains an open question, since the U.S.-based company has not been cooperating with EU regulators.

There’s another fistful for you as well:

3 key metrics for cybersecurity product managers

Image Credits: Tetra Images (opens in a new window) / Getty Images

Cybersecurity product managers usually 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’s also head of product at LimaCharlie.io.

“Context matters a lot, and the realities of different organizations, geographies, cultures and market segments heavily influence what can be measured and what actions can be taken based on these observations.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

It’s Google I/O day, and our team wrote at least 30 stories to deliver all the goods for you fine readers. You can catch the full download on the dedicated Google I/O 2023 event page, but here are some tidbits:

Yes, we do have some non-Google news, too:


Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $800 when you buy your pass now through May 15, and save 15% on top of that with promo code DC. Learn more.

Disrupt 2023

Daily Crunch: OpenAI, Anthropic and Stability AI receive half of Sound Ventures’ $240M AI fund by Christine Hall originally published on TechCrunch

https://techcrunch.com/2023/05/10/daily-crunch-openai-anthropic-and-stability-ai-receive-half-of-sound-ventures-240m-ai-fund/

Disney+ and Hulu content to combine into one streaming app

In a significant move made by Disney, the company announced Wednesday that U.S. customers are getting a new app that combines Disney+ and Hulu content.

The company also announced that it is raising the price of the Disney+ ad-free tier later in the year.

During Disney’s quarterly earnings call, CEO Bob Iger revealed that the new streaming option will launch later this year. However, the company also plans to keep Disney+, Hulu and ESPN+ as standalone platforms.

The news comes after Disney+ lost 4 million subscribers in the second quarter of 2023. Hulu gained 200,000 subs.

“While we continue to offer Disney+, Hulu and ESPN+ as standalone options, this is a logical progression of our [direct-to-consumer] offerings that will provide greater opportunities for advertisers while giving subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience,” Iger stated during the earnings call.

Many of us saw this announcement coming since former Disney CEO Bob Chapek hinted at the plans in September 2022.

“Right now, if you want to go from Hulu to ESPN+ to Disney+, you have to go out of one app to another app. In the future, we may have less friction,” Chapek told Variety in an interview last year.

This also appears to support the reports that Disney is planning to buy Comcast’s stake in Hulu by 2024. Currently, Comcast owns 33% and Disney owns 66%.

The integration follows other moves made by competitors, such as Paramount+ combining with Showtime, as well as Warner Bros. Discovery announcing its new streaming service, Max, which merges HBO Max and Discovery+ into one platform.

Subscribers in select countries outside of the U.S. already have Hulu content bundled with Disney+.

When the streamer launched its ad-supported plan in December, the cost of its premium tier went up to $10.99/month, compared to $7.99. Disney+ will get yet another price hike for its ad-free subscription. Soon, subscribers will have to pay even more to get content with no ads.

“The pricing changes we’ve already implemented [have] proven successful, and we plan to set a higher price for our ad-free tier later this year to better reflect the value of our content offerings,” Iger added. “As we look to the future, we will continue optimizing our pricing model to reward loyalty and reduce churn to increase subscriber revenue for the premium ad-free tier and drive growth of subscribers…”

Disney+ and Hulu content to combine into one streaming app by Lauren Forristal originally published on TechCrunch

https://techcrunch.com/2023/05/10/disney-and-hulu-content-combine-into-one-app-later-this-year/

Robot Lawn Mowers Are (Finally) Getting Good. But Are They Worth the Hefty Price Tag?

Early adopters had to manage complicated installations and live with cuts in random patterns, but manufacturers say they’ve worked out all the kinks. Our writer put a $2,899 new model from EcoFlow to the test in his own backyard.

https://www.wsj.com/articles/robot-lawn-mowers-are-finally-getting-good-but-are-they-worth-the-hefty-price-tag-3f89f283?mod=rss_Technology

Google ‘Perspectives’ integrates Reddit, YouTube, TikTok and more in search results

Read more about Google I/O 2023 on TechCrunch

Alongside its work to integrate more AI features into Search, Google today also announced it’s introducing a new “Perspectives” filter will be coming to the top of some of its Search results when the results “would benefit from others’ experiences,” Google says — like posts on discussion boards, Q&A sites and social media platforms, including those with video.

That means it will be easier to access things like Reddit links and YouTube or TikTok videos in search results, among other things, without having to append the name of the platform to your search query.

The company had previously announced a Perspectives feature would launch under Top Stories in the U.S. in English across desktop and mobile. Now it will be available to use across general search results, where relevant.

In addition, Google says when people use the Perspectives filter, they’ll be shown more details about the content creators, including their name, profile pic, and information about the popularity of their content.

These personal stories, discussions, and creator content, will also become available through a dedicated “Perspectives” section that will appear in some search results pages. Here, a “see more” link will be available, taking users to a full page of content that matches their results from these user-generated sources.

Related to this, Google says it’s developing an improved system for understanding and ranking personal content and that written from an expert’s point of view — an acknowledgment, of sorts, that Google’s original system for ranking webpages has decreasing relevance in an era where so much information is being published by individuals on social platforms and other places beyond the traditional website.

Google alluded to this last year, in fact, when an exec speaking at conference noted that Instagram and TikTok were eating into Gogole’s marketshare as younger people often now start some of their queries directly on those platforms, not on Google Search. In other words, Google didn’t have much choice but to adjust to this new paradigm, of how people want to find information if it wants to maintain its relevance in this coming years.

The company says it’s also making improvements to how it ranks “review content” on Search by giving more weight to higher-quality sites that include original information. That could become increasingly necessary as well in the age of AI, where perhaps too much content won’t be original, but AI-created — and a search engine that knows the difference could be very useful.

Google ‘Perspectives’ integrates Reddit, YouTube, TikTok and more in search results by Sarah Perez originally published on TechCrunch

https://techcrunch.com/2023/05/10/google-perspectives-integrates-reddit-youtube-tiktok-and-more-in-search-results/

The Mint, started by Better Tomorrow Ventures, wants to be the accelerator fintech needs

Better Tomorrow Ventures’ Sheel Mohnot landed some of his biggest wins before he ever started a venture firm. The investor previously worked as a partner at 500, previously known as 500 Startups, where he raised and ran a dedicated fintech fund as well as helped build an accelerator.

There he met his eventual founding partner at BTV – Jake Gibson – and backed a cadre of fintech startups, including Chipper and Albert, each at $2.5 million valuations. Today, Chipper is valued at over $1 billion, and Albert has raised over $175 million.

And while the firm has certainly cashed in on that early track record – raising a $225 million second fund last year – the duo behind it thinks it’s time to launch a nod toward their roots. Better Tomorrow Ventures tells TechCrunch that it is launching a fintech accelerator, this time under its own roof, called The Mint.

The Mint will be a three-month accelerator, based out of San Francisco, that cuts $500,000 checks in exchange for 10% equity in between six to ten startups. The initial cohort, which starts this upcoming August, already accepted one company, and sent a second acceptance letter out today.

“It’s something we’ve done successfully before. Our returns were crazy, crazy good from that initial fintech cohort, so I think if we can get anywhere near that again, our LPs will be happy,” Mohnot said.

The accelerator offers some standard support: a speaker series that includes founders from Mercury, Flexport and NerdWallet, office hours with experts, wellness resources, hiring support and desk space. Unlike some Zoom accelerator programs, The Mint is long San Francisco: two team members are moving to the city to help with logistics, and Better Tomorrow is leasing a new office space, outside of its Mission HQ, dedicated to the accelerator.

Better Tomorrow seems to be stepping in where it believes Y Combinator is lacking. “YC is built for scale. The advice is a lot like one size fits all,” Mohnot said. “We felt like with fintech, there are so many things that are unique about building that it makes sense to have something distinct.”

Among some seed stage investors, YC’s new standard deal has been met with varying degrees of weariness. Last year, YC announced that it would still offer its original deal – a $125,000 check in exchange for 7/% equity – as well as a $375,000 check at an uncapped SAFE note with a most favored nation (MFN) clause. The latter has stirred up some controversy: an MFN means that YC will get to invest $375,000 at the same terms as the investor who has the best terms in the next round. Now, YC companies are less incentivized to raise a small amount of money from angels, and more incentivized to optimize for higher valuations after Demo Day, so dilution is limited when accepting that $375,000 check.

“We think the MFN clause [that YC currently offers] can do companies a disservice. Because they end up almost having to raise at a very high valuation…you’re seeing that bite them in the ass a little bit. Because as if they don’t hit the metrics, the next round is even more challenging,” Mohnot said. While BTV’s 10% ownership is higher than other VC-spun out programs – take NextView’s $200,000 in exchange for 8% stake for an example – it’s less than what BTV usually targets for first checks, which is between 15% to 20% ownership.

Mohnot says that BTV will continue investing outside of the accelerator, but the big focus for the rest of the year in terms of net new investments will be within the program.

“I think there’s a TechCrunch article right now about fintech” pessimism, Mohnot said. “We are still really excited about the future of fintech and we liked fintech before it was cool.. At a fundamental level, financial services are 20% of GDP, and they are inherently digital, so the numbers make sense.”

The Mint, started by Better Tomorrow Ventures, wants to be the accelerator fintech needs by Natasha Mascarenhas originally published on TechCrunch

https://techcrunch.com/2023/05/10/the-mint-started-by-better-tomorrow-ventures-wants-to-be-the-accelerator-fintech-needs/

Microsoft Won’t Raise Salaries for Full-Time Employees This Year

The software company still plans to offer promotions, bonuses and stock awards.

https://www.wsj.com/articles/microsoft-wont-raise-salaries-for-full-time-employees-this-year-3112d6?mod=rss_Technology

Disney+ loses subscribers for second quarter in a row, drops 4M subs

As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers strike, the company delivered more bad news to investors. Its flagship streaming service, Disney+, lost four million subscribers in Q2 2023, bringing the total to 157.8 million subscribers, compared to 161.8 million subs in the previous quarter. Analysts expected subscriber growth of 163.17 million.

The main reason behind the decline was Disney+ Hotstar, which shed 8% of its subscriber base, going from 57.5 million subs in Q1 2023 to 52.9 million. Many viewers in India are upset with the company’s decision to not retain streaming rights for the Indian Premier Cricket League.

Last quarter, Disney+ reported its first subscriber loss since its inception in 2019. The streamer saw a drop in 2.4 million subscribers in Q1.

CEO Bob Iger also revealed during the last earnings call that Disney is set to undergo major restructuring, including job cuts that will affect 7,000 employees. So far, the company has had two waves of layoffs, with one more on the way.

Iger previously announced Disney’s plans to save $5.5 billion in costs, including $3 billion in content spending. Disney also noted that it wants to prioritize the Marvel and Star Wars franchises over other titles.

However, the company recently paused productions for Marvel’s “Blade” and Star Wars series “Andor” as a result of the Writers Guild of America (WGA) strike, which kicked off last week after the group failed to reach a satisfactory agreement with the Alliance of Motion Picture and Television Producers.

Rightly so, the writers are demanding higher compensation and fairer streaming residuals. In the streaming age, jobs are less consistent for writers since shows typically have fewer seasons than shows on cable.

If less content were to release on Disney+ because of the strike, more viewers would likely consider canceling their subscriptions.

Despite the shortcomings, the company touted its improved financial performance for its streaming business. Losses decreased to $659 million for the quarter compared to $1.1 billion in the quarter prior. Revenue was also up in the division, rising to $5.5 billion.

Meanwhile, Hulu added 200,000 subscribers to bring the new total to 43.7 million subs, up from 43.5 million in the previous quarter. ESPN+ also saw a jump in subscribers, getting a total of 25.3 million thanks to an increase of 400,000 subs.

Disney+ loses subscribers for second quarter in a row, drops 4M subs by Lauren Forristal originally published on TechCrunch

https://techcrunch.com/2023/05/10/disney-q2-2023-results/

Google adding Cisco, Microsoft and Zoom (audio) conferencing to Android Auto

Read more about Google I/O 2023 on TechCrunch

Google announced Wednesday that it’s working with Cisco, Microsoft and Zoom to bring conferencing into vehicles via Android Auto — a feature that may just keep folks from attempting to drive while balancing their phone on their lap with a video conferencing app open.

Yes, we see you drivers.

The new conferencing feature, which will be audio for now, was announced Wednesday at Google’s I/O conference and is part of the company’s push into the automotive market.

Android Auto, which allows drivers to wirelessly project navigation, parking, media and messaging from their Android smartphone to their vehicle center display, will soon offer conferencing through Cisco’s WebEx, Microsoft Teams and Zoom apps to enable conferencing.

Google is quickly growing out the number of vehicles using Android Auto to access apps. By the end of the year, the company expects over 200 million vehicles to be connected to Android Auto, which might give you an idea of how many people will be using Cisco Webex, Microsoft Teams and Zoom to connect while on the go.

Despite our post-COVID Zoom-obsessed culture, enabling conferencing in moving vehicles isn’t yet very mainstream. But the phenomenon is growing. Last year, Tesla said drivers would soon be able to access Zoom from its vehicles. In February, this year, Mercedes partnered with Cisco to enable video calls in its 2024 E Class sedans.

Google adding Cisco, Microsoft and Zoom (audio) conferencing to Android Auto by Rebecca Bellan originally published on TechCrunch

https://techcrunch.com/2023/05/10/google-adding-cisco-microsoft-and-zoom-audio-conferencing-to-android-auto/

Google’s $1,799 Pixel Fold arrives in late June

Google long ago abandoned the pretense of surprise about the Pixel line. There’s an extent to which you can point the finger at the hardware rumor industrial complex. But at the end of the day, the company was always going to take matters into its own hands and announce its most anticipated hardware device a week early on Twitter.

After all, Google announced the new Pixel Tablet exactly a year ago, while another recent controlled Twitter “leak” announced that the budget Pixel 7a will arrive tomorrow. Last Thursday, Google tweeted out an eight-second video from various official accounts that featured Pixel Fold unfolding, refolding and generally floating and rotating through the ether. It’s real and it’s spectacular, to paraphrase Lois Lane on Seinfeld.

Image Credits: Google

Perhaps the Pixel Fold has always been an inevitability. It took significant trial and error from Samsung to pioneer the foldable handset a few years back, but interest and adoption have been growing steadily since. Walking through the hall of MWC back in early March, it sure felt like ever major Android device maker has entered the game. Those who haven’t almost certainly have their take on the space brewing in some R&D lab.

Google’s own interest in the form factor dates back pretty far, as well. In 2018, it announced that it was working with Samsung to create a version of Android designed specifically for a folding screen. The partnership made a lot of sense for both companies as, for most intents and purpose, Samsung was really the only game in town. Given that Google’s Pixel line is still fairly modest compared to a lot of the competition, it also made sense to wait. Make sure the market for such devices actually existed before pulling the trigger.

As the name suggests, the Pixel Fold is more Galaxy Z Fold than Galaxy Z Flip. That is to say, it’s more book than clamshell. I’ve long expressed my preference for the Flip form factor, but it remains a fairly limited take on the category. The fold is still very much the default design.

Image Credits: Brian Heater

“We felt like there was a lot more we could do with a bigger form factor,” a spokesperson for the company told me. “You get a useful phone, and then it turns into a high-productivity tablet. When you do a clamshell, the outside display is pretty limiting, and then you’re basically just getting a normal phone when you open it up.”

Certainly the design affords a lot more screen real estate. The internal display is 7.6 inches, with a 6:5 aspect ratio. The resolution is 2208 x 1840 OLED at 380ppi, with a refresh rate of up to 120Hz. Yes, it’s the same overall size as the Galaxy Z Fold 3, but shorter and longer. Dimensionally, it looks more like Oppo’s recent foldable or Microsoft’s bygone Surface Duo. The front screen isn’t edge to edge, but it’s large for an external cover, at 5.8 inches (2092 x 1080).

Image Credits: Google

It’s also quite thin while folded, at 12.1 millimeters, compared to Samsung’s 14-15mm. The hinge is a big part of that.

“This is 180-degree fluid friction hinge, which means that you can put it to any place you want,” Google told TechCrunch. “There’s magnets in there that helped that snap close in a satisfying way. The trick is we moved the hinge mechanism out to the edges, rather than putting it behind the display. That allows us to get it thinner when it’s open.”

Google says it opened and closed the hinge 200,000 on a single device to test its durability. One other thing the novel design allows for is the ability to house the internal camera inside the interior bezel. That’s why it was virtually invisible in last week’s video. The internal camera (8-megapixel) has always been a bit of a bugbear. You either stick a big hole punch in the screen or opt for an under-display camera, which is still a crummy technology, resulting in bad, cloudy images and video.

The bar on the rear of the device houses a three-camera system: a 48-megapixel main, 10.8-megapixel ultrawide and a 10.8-megapixel telephoto with 5x optical Zoom and 20x Super Res Zoom. The front-facing camera, meanwhile, is 9.5 megapixels.

Image Credits: Brian Heater

The real secret sauce in the Pixel Fold experience is, unsurprisingly, the software. Google has, after all, been working on it for at least half a decade. The app continuity when switching between the external and internal screens is quite seamless, allowing you to pick where you left off as you change screen sizes. Naturally, Google has optimized its most popular third-party apps for the big screen experience, including Gmail and YouTube.

“Multitasking on Pixel Fold combines Google’s largest smartphone screen with Tensor G2’s performance, in all modes,” the company says in a release. “Do more things at once by opening two apps side by side with Split Screen on the large inner display. Drag and drop images, videos, links, and text from one app to another for a super fast and easy way to share.”

Google is working with a number of third-party developers, including Netflix, to optimize for the new form factor.

Image Credits: Brian Heater

The system is powered by the same Tensor G2 chip you’ll find in the Pixel 7, 7a and Pixel tablet. The performance can’t match the latest Snapdragon, but it does bring connectivity for other Pixel accessories like Pixel Buds and the Pixel Watch, as well as some of the Pixel-only camera software features.

At $1,800, the pricing is on par with Samsung’s model — which is to say prohibitively expensive for most potential customers. That runs counter to the Pixel line’s general affordability, and frankly, true mainstream adoption is going to require a significant drop in pricing. Preorder starts today, with shipping commencing in late-June.

Google is tossing in a free Pixel Watch for those who pre-order.

Google’s $1,799 Pixel Fold arrives in late June by Brian Heater originally published on TechCrunch

https://techcrunch.com/2023/05/10/googles-pixel-fold-set-for-a-late-june-release/