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AI dominated both YC Demo Day and startup news

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AI dominated both YC Demo Day and startup news

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here.

This week was a busy one for the startup and VC world, with its fair share of funding news and, of course, the latest edition of YC’s Demo Day.

Most interesting startup stories from the week

OpenAI CTO Mira Murati unveiling ChatGPT's advanced voice mode
Image Credits: OpenAI

Yes, AI, AI, AI. But it’s more eventful than it sounds.

Departures: Several key people are leaving OpenAICTO Mira Murati, as well as the company’s chief research officer and a research VP. There’s more context than we can sum up here, so go have a read if you are so inclined.

Ive mind: It is now confirmed that former Apple designer Jony Ive is working on an AI device startup with OpenAI and its CEO Sam Altman. The unnamed venture could be seeking to raise up to $1 billion by the end of the year.

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AltGPT: Letta, an AI startup founded by the researchers behind MemGPT and positioning itself as “the open alternative to OpenAI,” has come out of stealth to much anticipation.

Pipelines: Data startup Airbyte launched Airbyte 1.0 with a focus on AI use cases. It also made its self-managed enterprise service generally available.

Most interesting fundraises this week

Two people converse amid Egym equipment (Image Credits: EGYM)
Image Credits: EGYM

COVID-19 almost killed some companies and boosted others. Now companies from both groups are finding their footing, and other trends are getting confirmed.

Working out: German connected fitness startup EGYM closed a $200 million Series G round of funding that confirms investor interest in the broader trend of preventative healthcare.

Digital transformation: Whatfix, a San Jose-based company whose platform demonstrates how to use third-party software, raised a $125 million Series E round led by Warburg Pincus.

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AI power: Open source developer platform Supabase raised an $80 million Series C round. The company now positions itself as Postgres-centric and has been enjoying AI tailwinds; 10% of active databases on the service power AI use cases.

Beaming: Marvel Fusion raised €62.8 million in a Series B round to work on making commercial fusion power a reality thanks to lasers. 

In the spotlight: British startup Raycast raised $30 million to bring its Mac productivity app to Windows and iOS, with a focus on “prosumer” users.

Most interesting VC and fund news this week

Acurio Ventures team
Image Credits: Acurio Ventures

Exit time: Peak XV Partners, the largest India and Southeast Asia-focused VC fund, realized about $1.2 billion in exits since its split from Sequoia last year, TechCrunch learned from sources.

Skyrocketing: European defense tech will attract $1 billion in VC funding this year, according to a new Dealroom report. This significant increase compared to previous years also goes along rising interest for dual-use technologies.

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Sailing: Spanish VC firm All Iron Ventures rebranded as Acurio Ventures and closed a third fund of $166 million that will exclusively make “follow-on” investments.

Last but not least

Lisbon , Portugal - 2 November 2022; Garry Tan, Initialized Capital, on Venture stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. (Photo By Harry Murphy/Sportsfile for Web Summit via Getty Images)
Image Credits: Harry Murphy/Sportsfile for Web Summit / Getty Images

Taking place on September 25 and 26, Y Combinator’s online Demo Day for its Summer 2024 batch was once again dominated by AI use cases, some particularly exciting. The format itself is changing: Going forward, there will be four Demo Days a year, and YC CEO Garry Tan said that the next one on December 4 will include an in-person element.

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Last Hours to Snag up to $600 Off Disrupt 2024 Passes

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5 days left to grab rebooted ticket prices for TechCrunch Disrupt 2024

We’re in the final hours to save up to $600 on TechCrunch Disrupt 2024 tickets! Grab your tickets now and seize this final opportunity for major savings before the countdown to Disrupt 2024 starts. This special discount offer ends tonight at 11:59 p.m. PT.

Join a global community of over 10,000 tech, startup, and VC leaders from October 28-30 at Moscone West in San Francisco. Experience one of the most awaited tech events of the year.

Secure your ticket savings before the offer ends tonight.

Reasons to attend Disrupt 2024

In addition to networking with over 10,000 tech, startup, and VC leaders at Disrupt 2024, you can learn from over 250 industry experts featured on six industry stages and participate in over 200 deep-dive sessions.

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Speaker Sneak Peak

Meet the rest of our speaker lineup.

Unmatched networking

Make valuable connections at Disrupt 2024 by exploring the bustling Expo Hall, joining 1:1 or small group Braindate meetings, or attending the dynamic Side Events taking place after hours outside of the venue. There are countless ways to build the right network to help you succeed.

Deep-dive sessions

Dive into over 200 Roundtable and Breakout Sessions hosted by industry leaders, crafted to ignite meaningful conversations about the pressing issues that today’s entrepreneurs and professionals encounter.

Startup Battlefield

Be sure to catch the excitement of Startup Battlefield 200, a highlight of Disrupt where 200 hand-picked pre-Series A startups present their groundbreaking ideas to a panel of prominent VC judges. They’ll be competing for a $100,000 equity-free prize and the prestigious Disrupt Cup.

Secure your discount before it’s gone

Time is running out to save up to $600 on Disrupt 2024 tickets! Don’t delay — claim your discount before this deal ends tonight at 11:59 p.m. PT. Click here to save.

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Dell Rack Server 1U: Dell PowerEdge R640 Server | Price/Cost

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Dell Rack Server 1U: Dell PowerEdge R640 Server | Price/Cost



Infinian Technology Dealer, Distributor and Partner of Dell PowerEdge R640 Server Provider in India – Bangalore, Chennai for Price/Cost Call: 9739091119

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Arc browser adds security bulletins and bug bounties

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Arc browser adds security bulletins and bug bounties

Arc creator The Browser Company has officially started a bug bounty program to keep its growing Chromium-based browser’s security in check. The company is also launching a new security bulletin to maintain “transparent and proactive communication” with users and researchers on bug fixes and reports.

These security revisions followed a devastating bug a researcher found and reported to the company that would’ve allowed bad actors to insert arbitrary code into anyone’s browser just by knowing their easily findable user ID.

The problem lived inside the Arc Boosts feature that lets you customize any website with CSS and Javascript. On top of its initial mitigations, the company says it now has disabled Boosts with Javascript by default and added a new global toggle to turn Boosts off completely in Arc version 1.61.2.

The researcher, known as xyz3va, was initially paid a $2,000 bounty for the information. Now, with the new program in place, The Browser Company is upping it to $20,000 retroactively. The vulnerability was patched on August 26th.

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With the new program, security researchers can submit reports and get rewards based on the bug’s severity. Low severity findings that are “limited scope” or “hard to exploit” could land up to $500, Medium gets up to $2,500, High up to $10,000, and Critical earns the $20,000 ceiling.

The blog post also outlined new practices to find other vulnerabilities, like development guidelines with additional code reviews, adding security-specific code audits, and hiring new staff for the security engineering team.

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AZE 42U 45U 48U 52U Data Center Server Rack Containment- Colocation Data Center- 5G Edge Computing

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AZE 42U 45U 48U 52U Data Center Server Rack Containment- Colocation Data Center- 5G Edge Computing



AZE offers customizable hot & cold aisle containment solutions. Save energy, reduce hotspots,improve airflow with data center containment systems.

Aisle containment solution includes modular rack-independent system with the flexibility to maximize efficiency and capacity from the core to the edge for raised floor and slab data centers,it can build to hot or cold aisle containment, our aisle containment system allows you to deploy containment before or after racks are installed to simplify installation and speed deployment of new data center equipment.

For the aisle containment solution, it included several important components listed below:

* Server rack enclosure – AZE provides 42U,45U,48U,52U data center server enclosures, colocation data center cabinets
* Rack PDUs/Power distribution – AZE provides wide selection of 0U,1U basic rack pdu, metered rack pdu and metered-by-outlet switching rack PDU.
* UPS – UPS can be selected from the leading brand in the market to mount in our server racks.
* Cooling – In-rowed or room-level cooling can be fit with our server cabinet enclosures
* Cable management – AZE can provide different options of cable management products.

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Please visit https://www.azetelecom.com/data-center-containment.html for more information or contact us sales@azesystems.com for custom your products.

Make IT Connect! AZE can support you to make IT happen

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ChatGPT’s 4o-mini Model Just Got a Big Upgrade – Here Are 4 of the Best New Features

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A close up of ChatGPT on a phone, with the OpenAI logo in the background of the photo

OpenAI has enhanced ChatGPT‘s GPT-4o mini model with a bunch of new features, though surprisingly, it does not have any of the usual fanfare. The smaller, faster version of the GPT-4o model, GPT-4o mini, has lacked many of the features of its larger sibling until now, though by its nature, it has less power to complete the same tasks. 

The mini model’s efficiency and speed were already attractive enough to many ChatGPT users. And ahead we’re sharing four of the biggest upgrades that bring it closer to par with GPT-4o.

Image Creation

GPT-4o Mini

(Image credit: Screenshot/ Eric Schwartz)

The 4o-mini model can now generate images based on text prompts like the full GPT-4o model. While functionally, it is the same in terms of making visuals out of text on ChatGPT, the model’s size might speed up the production a bit. Further, it’s unlikely to matter when it comes to the output as they both rely on the DALL-E 3 image generation model from OpenAI

Browsing

GPT-4o Mini

(Image credit: Screenshot/ Eric Schwartz)

Arguably, one of the biggest limits of the GPT-4o mini model previously was its lack of internet access. Now, you can use the model through ChatGPT to conduct online research faster than with GPT-4o. That means you can get up-to-date information instead of relying solely on its pre-trained knowledge base. It’s crucial to have that option when it comes to fact-checking and comparing information. That brings it up to par with the bigger model but is tied to the speed of the mini model.

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Uploading and Understanding

GPT-4o Mini

(Image credit: Screenshot/ Eric Schwartz)

One of the GPT-4o mini model’s most significant limitations compared to the rest of the stable has been its lack of uploading options. Now, ChatGPT users can employ the model to analyze, summarize, and discuss uploaded documents and pictures. The model’s visual processing features let it understand and explain the uploaded images just as it can any texts sent to ChatGPT. This capability makes it easier for users to work with complex visual data for educational or personal needs. 

Memory

GPT-4o Mini

(Image credit: Screenshot/ Eric Schwartz)

In case you can’t remember all of the new features or forget one of them, the GPT-4o mini model can help, as it now accesses the memory feature available for other ChatGPT models. That allows it to remember previous conversations with specific users and tailor interactions accordingly. So even after ending a talk with ChatGPT through the 4o-mini model, you can come back and get more relevant answers, follow-ups on earlier discussions, and recognition of your preferences. In other words, being mini doesn’t mean it can’t handle long-term interactions.

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Tech Life: X in Brazil

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Tech Life: X in Brazil

What do social media users do when their preferred platform is banned ?

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