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Equity

AI is going to make Big Tech even bigger, and richer

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 27 October 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, and we’re talking about the week’s biggest startup and tech news. Mary Ann and Alex were lucky enough to have Kirsten aboard for the roundup, which means we got to tackle an even wider array of stories than usual: Updates from the trial of former FTX CEO SBF, more here from our own Jacquie. Deals of the Week: Mary Ann was very interested in I Own My Data, while Alex wanted to talk more about AgentSync's latest venture round. Carta's CEO tried to beat back criticism, but wound up making more noise about his company's missteps. Cruise hit a roadblock with its self-driving program; we dig into how to handle a crisis and how not to handle a crisis. And to close out, notes on earnings from Alphabet and Microsoft and what they may portend for startup-related AI software demand. Equity comes out thrice-weekly for your delectation. We are back early on Monday with our weekly kickoff, see you there! P.S. Pay attention to our sister podcast Chain Reaction, we have more coming on the FTX trial that you will not want to miss. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews foundersand more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity a podcast all about the business of

0:15.8

startups where we unpack the numbers and the nuance behind the headlines.

0:19.2

My name is Alex and I'm joined today on this lovely Friday episode by my friend it's Marianne

0:23.5

Hi hello and how goes your week? It's going good Alex it's actually raining here in

0:29.0

Austin which is a good thing because we've had like no rain for months and months so I'm happy.

0:35.9

Well for once my part of the world has better weather than you.

0:38.9

We're having an odd June here in almost November but it's been tank top season on the East Coast and I'm loving it.

0:44.0

Thankfully though we do have even more geographic diversity on the show than just Texas and Rhode Island.

0:48.0

We also have our dear friend from the Southwest, it's Kirstenkorsec, hey, how are you?

0:52.0

I am excellent, loving the desert weather right now and actually just got out of the dunes out in Southern California for a all-women's off-roading map and compass navigation competition.

1:05.6

Wow.

1:06.6

What were you driving?

1:08.0

So I was just there for media because I could do fun things like that.

1:12.0

But it's actually a 21, it's called the rebel rally. It's 2,100 kilometers. It goes from

1:17.5

Mammoth down into through the Mojave and I was there at the end. But the cool thing about it, which is relevant to Tech Crunch audience, is that this was

1:25.0

the Rivian. Yeah, but the cool thing about it, which is relevant to Tech Crunch audience, is that this year's winner in the 4 by 4 category was Rivian.

1:29.0

Yeah.

1:30.0

Oh, really? The EV maker that's building trucks that people can now kind of see out in the wild, I think. I've seen a few.

1:35.2

Yeah, and the team was two women who are actually engineers at Ribbean, but the R1T one, which is a first for an electric, it's a first time an electric vehicle is one.

1:44.7

So pretty cool.

1:45.7

Very cool.

1:46.7

Wow.

...

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