Elon Musk's AI startup is raising a massive $6 billion in funding, attracting interest from prominent investors like Sequoia Capital and Future Ventures.
TikTok is allegedly bypassing Apple's commission fees by directing users to purchase digital coins from their website.
Startups are under pressure to deliver high returns to venture capitalists, with expectations of 1,000x returns for success.
EyeEm is training AI models using user photos, while Techstars CEO Maëlle Gavet faces various challenges within the company.
Apple is working on addressing issues with iPhone alarms, and self-driving cars recently raced against a former F1 driver in the Abu Dhabi Autonomous Racing League.
Google made organizational changes within its Flutter, Dart, and Python teams ahead of its I/O developer conference.
Rubrik's successful IPO led to a significant increase in valuation, driven by subscription revenue growth.
ButcherBox acquired Truffle Shuffle to enhance its offerings and improve customer experience.
RevenueCat secured $12 million in funding to expand its app subscription services.
Source: https://techcrunch.com/2024/05/03/xai-billions-and-apple-vs-tiktok-startups-weekly/
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