Daily Crunch: OpenAI, Anthropic and Stability AI Receive Half of Sound Ventures’ $240M AI Fund

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Happy Google Day! There’s been a wall of interesting news coming from the search giant and everything else at their I/O event. Summary Cristina everything Google has announced at I/O so farso it’s a good place to start.

Also, it’s a rare treat when the top boss of TechCrunch joey share something on the site, analyzing how we are disrupting TechCrunch Disrupt: 8 stages, 3 days, 1 city. Speaking of interrupting, this is your chance to vote for the round tables and breakouts you want in the event.

Lots of love, christina and Haha

TechCrunch Top 3

• Spender: Conny He spoke with Effie Epstein of Sound Ventures to get the inside scoop on which three lucky companies were the recipients of a big chunk of the VC firm’s new AI fund.
• identified flying object: darrell reports on The Vast and SpaceX plan to put the first commercial space station into orbit in 2025. And check out Ariago deeper into Vast in the Big Tech section.
• You have the world in the palm of your hand: Google released PaLM 2, its next-generation large language model. Frederick writes that “PaLM 2 will power Google’s updated Bard chat tool and serve as the base 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 VCs

Start of autonomous delivery Nuro is in the middle of a restructuring that will result in layoffs and divert resources from business operations to R&D, kirsten reports. Nuro declined to share how many of his roughly 1,100 employees will be affected. Employees are expected to know who will be fired by the end of the week.

Natasha L. reports that Clearview was fined once again, this time in France, for breaching privacy orders. Whether Clearview will ever pay any of these fines remains an open question, as the US-based company has not been cooperating with EU regulators.

There’s another handful for you, too:

3 key metrics for cybersecurity product managers

Cybersecurity product managers typically 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 is also Product Manager at LimaCharlie.io.

“Context matters a lot, and the realities of different organizations, geographies, cultures, and market segments greatly 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 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

It’s Google I/O day, and our team wrote at least 30 stories to deliver all the goodies to your good readers. You can get the full download at page dedicated to the Google I/O 2023 eventbut here are a few things:

Yes, we also have some non-Google news:

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