Hellooooo and welcome to Wednesday Crunch!
SVB’s new CEO Tim Mayopoulos has had a lot to say in the 24 hours since he joined the bank on Monday. In a private Zoom meeting the SVB hosted for a select number of LPs and investors, he urged clients to return deposits to the institution. Natasja m. reports.
TechCrunch Top 3
Coin Acceptance: The big news today is that T-Mobile is acquiring Mint Mobile’s parent company, you know, the company Ryan Reynolds has a stake in, in a $1.35 billion deal. aisha notes that this “movement suggests T-Mobile is looking to expand its prepaid offering.”
I know it’s you, but what am I?: If you ask OpenAI’s Greg Brockman, GPT-4 isn’t perfect, but neither are you. Kyle write o
talk about the weather: On the back of OpenAI announcing its new GPT-4 model, Quora is announcing Poe, its very own chatbot offering that launches subscriptions so you can chat with a bot powered by GPT-4. Ivan reports. Startups and VCs
There is no shortage of startups trying to make drones work. However, there have long been doubts about the effectiveness of such plans. Drones, especially the smaller variety, are impressive technologies, but their functionality is relatively limited. A small quadcopter probably won’t cut your trees or walk your dog anytime soon, Brian writes One thing they are particularly good at, however, is creating images. Verity raises $32 million with Ikea stores launching their inventory drones
To celebrate Wednesday, here are some tantalizing alliterations:
Zero-Based Budgeting: A Proven Job Expansion Framework
photo credit: fake photos
Broadening the path is critical in this environment, but going too far in the wrong places can reduce momentum across the organization.
Instead of cutting corners a bit, more startups are embracing zero-based budgeting, an aggressive tactic where founders “return to Square One each budget period to verify that all line items are relevant and profitable,” writes FP&A. Analyst Healy Jones.
“The best founders look for a framework to strategically reduce consumption while keeping their startup’s value drivers running.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps startup founders and teams stay ahead of the competition. You can register here. Use the code “DC” to get 15% off an annual subscription!
big tech inc.
The big technology topic today seems to be “ways to make something simpler”. The first is GitHub, which has its own guidelines for building open source software offices. Pablo writes that companies that need open source compliance, security, etc. they will soon find it challenging, so the office of the open source program “becomes an essential part of the modern enterprise, formalizing what used to be a collective of employees was across countless departments and functions.”
Then we go to Waze. When you own an electric vehicle, you want to get up close and personal. Ivan reports that Waze has a new feature that tells EV owners where compatible charging points are located along their route.
Source: La Neta Neta
Jason Jack is an experienced technology journalist and author at The Nation View. With a background in computer science and engineering, he has a deep understanding of the latest technology trends and developments. He writes about a wide range of technology topics, including artificial intelligence, machine learning, software development, and cybersecurity.