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Why, hello, and welcome to another episode of the Daily Crunch! It’s a pleasure to have you here with me. Also, listen to Freelance Whales. I discovered the band when I was going to play a different (also excellent) song, Freelance, for a friend. I must love a lucky coincidence. It’s also, incidentally, how I discovered the band Queensrÿche — I was looking for Freddie Mercury, but I found myself with a new heavy metal band to like. What’s your favorite chance find?
Oh! And did you know that our Found podcast has launched their new mini-sodes, where they check in with past guests to see how life is going for the Founders. In the first episode, Maggie Stamets talks with our very first guest: Iman Abuzeid of Incredible Health, who helps nurses connect to better jobs and career growth opportunities.
Alright, enough with the asides, we have some serious tech news to share. Let’s go~oooooo— haje
TechCrunch’s top 3
Startups and VCs
Fly.io co-founder and CEO Kurt Mackey says developers don’t really understand the term “edge computing”. Ron reports. Today, the company announced a $25 million Series B round that it closed in June.
Evabot co-founder Rabi Gupta says there’s “a lot of clutter” in the corporate gifting space. He argues that many sellers do little more than send out company-branded promotional items like t-shirts and thermoses, which don’t exactly build loyalty, Kyle reports. The company announced that it had raised just under $11 million to make corporate gifts less awkward.
We are now reaching a kind of tipping point where we will see many more commercial natural language processing applications hitting the market. A gold rush has begun of startups trying to build on this technology, with an arms race developing between major language model vendors, Mike reports.
Come on, a few more:
Pitch Deck Teardown: Alto Pharmacy’s $200 Million E-Series Deck
Picture credits: Alto Pharmacy (Opens in a new window)
If your company raises a $200 million Series E, it’s fair to wonder if you can still call it a startup.
Still: Convincing investors to part with enough cash to produce your own sequel to ‘The Gray Man’ is an impressive feat, which is why we were eager to review the game that helped Alto Pharmacy wrap up a round. also important.
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
Instagram today announced that it will begin prompting a random assortment of people on its platform in the United States to take an optional survey about their race and ethnicity, Aisha reports. The company says the survey will help it better understand the different experiences people may have on Instagram to ensure the platform is fair and inclusive for all users.
According to a report, developers on the west side of London, UK could be prevented from working on larger multi-tenant properties due to the state of the power grid and constraints caused by nearby data centres, Paul reports. Bad news for people who hoped London could hit its growth trajectory of 65,000 new homes a year.
Yesterday, Ford announced sales of more than $40 billion, an increase of 50% over the same period last year. The company also said it was building 14,000 electric vehicles per month. Wall Street was positively surprised, pushing stocks up as much as 6% in after-hours trading, Rebecca reports.
Grab a few more, why not:
Google Pixel Bud review: It’s not hard to imagine the truly impressive Google Pixel Buds Pro, brian written, but is disappointed that they seem to be a few years behind the curve.
We’ve already come too far to end it now: We are beyond excited to see what interactive game company Immersive Gamebox will do with the plans it has to create a Squid Game experience with Netflix, lauren reports.
Sing me the money: Aisha reports that Snap has launched a fund for creators, which will begin awarding independent musicians up to $100,000 per month.
Skip a generation: In China, smartphone sales fall sharply, reports brian. Virtually all major players have been hit hard compared to the same period last year. Vivo, Oppo, Xiaomi and Huawei all posted double-digit declines from the second quarter of 2021.
You get a lick of paint, too: Gmail is rolling out its latest Material You redesign and search enhancements to all users, Ivan writing.
Meta also admit it, you are addicted to ads: For the first time in its history, Meta posts its first quarterly decline in turnover, Amanda reports.
Skip the gapple sauce: Apple has hired a 20-year veteran of supercar maker Lamborghini to work on the tech company’s not-so-secret electric autonomous vehicle program, Kirsten writing.