Day by day Crunch: AWS now accepting purposes for its new 10-week generative AI accelerator

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Joyful Tuesday Crunch, our crunchy compatriots. As we speak, there’s a ton of enjoyable events-based updates for you. If you happen to’re coming to Early Stage in Boston, Pitch to VCs there. Additionally, if you wish to communicate at Disrupt later this summer season, you possibly can apply now. Oh, and sustainability is getting a whole stage all to itself at Disrupt. It’s gonna be rad. See you there?

Additionally! Darrell is arguing that “not solely is generative AI already right here — it’s already dealing killing blows,” in his newest piece, “A knife so sharp you don’t feel it cut.”

Christine and Haje

The TechCrunch High 3

  • Accelerating generative AI: Amazon is leaping into startup accelerators with each ft once more and can enhance generative AI startups across the globe with a 10-week program, Natasha M writes. Ten startups will obtain $300,000 in AWS credit and can debut their tech at a demo day.
  • A “not-quite open source startup”: That’s how Paul described Dozer, a startup that got here out of stealth at present with $3 million within the financial institution and expertise to assist any developer construct real-time knowledge apps very quickly flat.
  • All in the startup: Sure, startup founders matter in the case of securing funding, however Ensemble amassed $100 million in capital commitments for its debut fund on the premise that behind each founder is a group that additionally issues in the case of an organization being profitable. Becca tells you the way.

Startups and VC

The hype round ChatGPT, OpenAI’s viral AI-powered chatbot, hasn’t reached a peak but, Kyle reviews. That’s the vibe one will get from Y Combinator’s Winter 2023 batch, which options no fewer than 4 startups that declare to be trying to build “ChatGPT for X.”

As we speak we’re maintaining a tally of the authorized case of the U.S. Securities and Alternate Fee and Charlie Javice, the founding father of scholar monetary assist startup Frank. The SEC is charging Javice with defrauding JPMorgan in reference to the $175 million sale of the corporate to JPMorgan Chase Financial institution in 2021, Mary Ann reviews.

In between refreshing the information re: what’s occurring with Trump’s indictment, right here’s a couple of extra tales to maintain you entertained:

What’s a good worth premium for startup shares?

Economy graph: red down arrow

Picture Credit: Javier Ghersi / Getty Pictures

A brand new market replace report from Redpoint Ventures comprises insights for Sequence B and C founders who’re planning to fundraise this 12 months, reviews Alex Wilhelm.

“Center-stage startups at present nonetheless look slightly costly,” he writes. “Both the inventory market must get well a few of its juice, or startup costs must fall extra for issues to get again to ‘regular.’”

Three extra from the TC+ group:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can sign up here. Use code “DC” for a 15% low cost on an annual subscription!

Large Tech Inc.

As we speak we convey you Twitter: every part, all over the place, unexpectedly. Amanda and Alyssa give us a month-by-month rundown of Elon Musk’s Twitter, from the layoffs to the verification drama, the place adjustments meant to take impact on April 1 got here and went, leaving us all feeling prefer it was an April Fools’ joke gone mistaken.

In the meantime, simply as NASA named its new moon crew, or “Moon Unit” if we might, Virgin Orbit filed for bankruptcy. Darrell writes, “The chapter submitting follows weeks of unhealthy information for the corporate, together with a pause on all operations, a short hunt for more cash to proceed as a going concern and large layoffs to attempt to right-size to the corporate’s precise accessible price range, which at present’s information primarily confirms was nonexistent.”

And we have now 5 extra for you:

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