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In edtech, history matters: Reach Capital just closed its largest fund to date

TechCrunch

Reach Capital, one of the first venture firms to focus exclusively on edtech, closed its last investment vehicle during an unprecedented boom within tech. Fast-forward two years, we’re now in a different world, socially, politically and technologically. billion last year, down 49% from the year prior.

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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

As ChatGPT has so aptly demonstrated, AI is now truly entering the mainstream consciousness. VCs are also increasingly looking for what biotech startups can do with AI beyond just R&D and are wary of companies that use the technology as a marketing tool. Where else can AI play a role in health tech?

Biotech 242
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CarMax drives business value with GPT-3.5

CIO

Generative AI such as ChatGPT has of late captured the imagination of business leaders across industries. CarMax’s IT team, for one, has been working with Microsoft and OpenAI to leverage GPT-3.x But perhaps most important, it drives an order of magnitude more inventory, eyeballs, reviews, and sales for CarMax.com.

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Researchers jailbreak a Tesla, the FCC fines robocallers and WeWork finds itself in trouble (again)

TechCrunch

Welcome, friends, to TechCrunch’s Week in Review (WiR), the newsletter where we recap the week that was in tech. AI.com switches hands: A few months back, OpenAI seemingly purchased the domain AI.com in order to redirect it to the web app for its AI-powered chatbot, ChatGPT. Lorenzo has the story. WeWork in trouble . .

Research 246
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Low-code: An Accelerator for Digital Transformation

CIO

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Amidst these challenges, organisations turn to low-code to remain competitive and agile.

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Tech’s next great mafia? Laid-off talent

TechCrunch

After tech’s massive exodus of talent, we’re starting to see laid-off talent start companies that are ambitious and aspirational in aim. I’m talking about the legal analyst who got let go from Better.com starting a legal tech startup, or the head of safety at Twitter starting a Twitter rival with safety at the core.

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Lavender lands $13.2M for its AI-powered email marketing engine

TechCrunch

Years ago, Will Allred and William Ballance were developing a tech platform, Sorter, to apply personality and communication psychology to marketing campaigns. With a week of funding left, Allred and Ballance pivoted, repackaging their tech to work in Gmail in what they thought would be a brief detour to Sorter’s launch. .

Marketing 247