It’s 2021 for AI while the rest of the startup market is stuck in 2024

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 22 January 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's the rundown: The Q4 2023 earnings cycle will kick off this week with names like Intel and Visa reporting results. The largest tech companies will start to report next week. Crypto is not enjoying a post-ETF boom for reasons that are yet to be nailed down. Then again, when have crypto price movements ever made complete sense? ElevenLabs is the newest AI unicorn. With $80 million in fresh capital, the synthetic voice startup now has oodles of cash to try and run its market. Canva is big! Who knew? Elsewhere, Crunchbase News reports that cybersecurity fundraising fell again last year. Given the number of breaches in the market, that feels off, yeah? Developers and Apple Vision Pro are not seeing eye to eye. Perhaps Apple should work to rectify its developer relationships? And in closing, it turns out you can slow down TikTok. That's all for this morning, and we'll be back on Wednesday. Talk soon! 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 founders and 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, the Tech Runch podcast about the business of
0:15.2	startups where we unpack the numbers and the nuance behind the headlines.
0:19.0	This is Alex good morning. Today is January 22nd, 2024. And on this Monday show to get you ready for
0:26.4	the week we have the start of earning season, crypto's fading ETF party, a new AI Unicorn, canvas upcoming massive secondary share sale and
0:37.0	falling cybersecurity fundraising amongst more.
0:40.0	It's a pack show this morning.
0:41.4	Let's go. Starting off, as we always do on Monday mornings with a look at the world of money and that means stocks in Asia shares are mixed today, though lower in China after the People's Bank of China, held rates steady.
0:58.2	Some folks want that bank to lower rates to stir economic activity, but lower rates would
1:03.0	put even more pressure on the Chinese currency.
1:05.4	Over in the EU stocks are mostly higher today and in the US
1:09.9	they are set to rise at the open according to pre-market training.
1:14.0	On the earnings front, this week a couple of big names.
1:17.6	Tuesday will bring us numbers from Netflix and Verizon.
1:21.5	Wednesday we'll hear from Tesla and IBM and then Thursday brings us Visa,
1:26.6	Intel, Nokia and App Folio.
1:29.2	And apology, I misspoke last week.
1:31.3	It's actually next week when big tech earnings are really going to kick off and we'll get a big taste of what the last quarter was like.
1:39.0	Next up, crypto, and let me say,. T.F. party is a bust so far.
1:45.8	I thought it very possible that after the Bitcoin Spot E. T. F. were approved, we would see a nice
1:51.4	rally in its value and then a rally in sympathy from other
1:55.0	tokens. Thus far, nope. Bitcoin is off 2% in the last day and 4% in the last week.
2:01.9	Ether is off 4%
	...

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