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Yahoo Enhances News App and Introduces AI Summaries to Homepage

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Still, Yahoo has more AI plans in the works, including for its Yahoo News property on the web. However, while the Yahoo News app is taking learnings from Artifact when it comes to offering AI features, the AI summaries feature found on its Yahoo News is not related to its acquisition of the well-liked AI news app that had been created by Instagram’s founders, but had shut down after failing to reach a wider audience. That would explain why most visitors to the Yahoo News website would not have likely encountered these AI summaries as of yet. The code doesn’t reveal much about the underlying technology Yahoo is using for the AI summaries, only how they would appear to site visitors — in a lightbox, a type of web component used for displaying content. Combined with the Artifact-inspired revamp of Yahoo News and the AI features that arrived on Yahoo Mail, it’s clear that Yahoo is betting on AI to give its older web products and services a push.

LinkedIn Utilizes AI to Streamline the Job Search Process

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“We’ve been building with AI since 2007,” its head of product, Tomer Cohen, said in an interview with TechCrunch this week. Below is a run-down of some of the new features:Job searches and job applications: We’re getting a new way to search for jobs using conversational prompts. You can be sure that LinkedIn is pushing its search algorithms to tap into the interest, but it’s also boosting its content with AI in another way. The third big area LinkedIn is leaning heavily on AI is search. Alongside all this, LinkedIn is expanding availability of Recruiter 2024, adding more tools for marketers, and introducing enhanced, premium company pages for small businesses.

Byju’s Fundraiser Stalls: Court Stops Second Rights Issue

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Byju’s had launched its first rights issue in late January, but a court order directed the company to not tap the funds it had raised through that rights issue after many of its investors opposed the fundraise. Thursday’s court order is the latest episode in the spectacular collapse of Byju’s, once the world’s most valuable edtech startup. TechCrunch couldn’t determine exactly how much Byju’s ended up raising in the first rights issue. In the letter, he urged his estranged investors to give him another chance and participate in the rights issue. “But my benchmark of success is the participation of all shareholders in the rights issue.

Dave Burke, Android Engineering VP, relinquishes position to pursue “AI/bio” roles within the company

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Long-time Android Engineering VP Dave Burke said today that he is stepping down from the role. Burke, who spent 14 years building Android, is not leaving Alphabet and is exploring “AI/bio” projects within the company. Burke was involved in pivotal projects, including building Nexus/Pixel phones, developing Chrome for mobile phones, starting Android TV, and spearheading efforts to build and ship developer tools. “So… after 14 yrs leading Android engineering, I’ve decided it’s time for a change. So… after 14 yrs leading Android engineering, I've decided it's time for a change.

The Advantages of Being the Final Player in a Category Launch

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When Jordan Nathan launched his DTC nontoxic cookware company, Caraway, in 2019, he knew he was not the only founder trying to sell a new brand of pots and pans to millennials scrolling through Instagram. When Caraway launched, it joined companies like Our Place, Great Jones and Made In Cookware in an increasingly crowded category of online cookware startups. Caraway’s competitors also helped Caraway decide to start talking to retailers early in the process. You can now find Caraway sets at Target and Costco, among others. While being a later entrant helped Caraway in many ways, it did hurt them in one area, Nathan said.

Revisiting the Ruling that Led to Tesla’s Crucial Shareholder Vote

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There has been a silly amount of drama in the run-up to Tesla‘s annual shareholder meeting on Thursday. It will also hold a vote whether the company will change the location where it is incorporated from Delaware to Texas. Some of Tesla’s biggest boosters are calling on the company’s “retail army” of shareholders to vote in favor of both, but with special focus on Musk’s compensation. “A deal is a deal,” Tesla posted to its CEO’s social media platform X. At the very least, it’s a primer for the legal battles that are sure to continue after Thursday’s vote.

Insight Partners supports Canary Technologies in its goal to enhance hotel guest satisfaction.

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“The predominant traveler today was born in an age where they are very comfortable with technology,” Harman Singh Narula, Canary Technologies co-founder and CEO, said. Narula started Canary Technologies with longtime friend SJ Sawhney to provide that technology so hotels can offer better guest experiences, augmented by technology. Today, the hotel guest management technology company’s platform digitizes the hotel guest journey from post-booking through checkout with tools that manage mobile check-in/checkout, registrations, upsells, guest messaging and digital tipping. Canary now works with over 20,000 hoteliers globally at brands like Marriott International, Four Seasons, Choice Hotels, Wyndham Hotels & Resorts, Rosewood and Intercontinental Hotel Group. Though he didn’t give a specific valuation, Narula did say the valuation has now more than doubled since the company’s $30 million Series B round in 2022.

“Automated Financial Reporting Fintech InScope Secures $4.3M Seed Round Led by VC Sheel Mohnot”

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The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. After years of performing reporting and auditing work for companies like Miro, Autodesk, Dropbox, Flexport and Yelp, Mary Antony and Kelsey Gootnick decided reporting and auditing needed some technology love, too. So they started San Francisco-based InScope in 2023, leveraging machine learning and large language models to provide financial reporting and auditing processes for mid-market and enterprises. We make it possible for our customers to have effortless, but accurate and reliable financial statements every time.”InScope’s financial report drafting tool. So much so that they could be customers, Gootnick said.

“Revitalizing Communities: Uniting Residential Solar Installers for Enhanced Quality and Expansion”

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But other bumps can be attributed to the quirks of the industry itself: It’s a labor intensive business that’s resistant to automation and heavily fragmented. It is crazier than many other services industries,” Lee Kesheshian, founder and CEO of Civic Renewables, told TechCrunch. To try to address the quality and consistency problem, Civic Renewables is buying small installers and rolling them up. “Now let’s go and put those systems in place under this umbrella.”Each company that Civic Renewables buys will retain its branding but append the umbrella organization’s name. Because solar has been around for a while, the business plan underpinning Civic Renewables could show a path for at least part of the climate tech market.

Illuminating the Way: Danish Startup Emerges from Stealth with $13M in Seed Financing to Revolutionize AI Integration in Financial Records

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That’s according to Jonathan Sanders, CEO and co-founder of fledgling Danish startup Light, which exits stealth Wednesday with $13 million in a seed round of funding led by European VC giant Atomico. The Copenhagen-based startup is reimagining general ledger software from the ground up, replete with AI to cleanse transactional data, while also enabling finance teams to ask plain-English questions and receive straightforward answers from their data. Enterprise resource planning (ERP) software is king, packing support for CRM (customer relationship management), HR (human resources), project management, and perhaps the most crucial component of all, the general ledger. And it’s this element of the ERP that Light is focused on dragging into the modern digital era, where AI increasingly rules the roost. “Our mission is to be the first automated ledger for global companies,” Sanders told TechCrunch.