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Equity

AI ‘no one wants’ and Google’s potential breakup

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 11 October 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

Equity kicked off this week's news roundup with a look at OpenAI's $6.6 billion round, which is being called the ‘largest VC round of all time’. Devin broke down what the funding could mean for the company’s path to profitability, and debunked some of the rumors floating around post-announcement - especially given how unusual those investor restrictions would be in later-stage funding. OpenAI is not all that was on the Equity crew’s minds this week. Margaux wanted to discuss Dave Clark's new venture, Auger, which just raised $100 million to make supply chains more efficient with AI. Taking Clark’s Amazon and Flexport history into consideration, Augur could be on the path to success amid current global supply chain issues and the recent longshoreman strikes. To round out our deals of the week, Anthony set his sights on Impulse Space, which recently secured $150 million to develop and launch its orbital transfer vehicles. What about the AI that people don’t want? Margaux took us deeper into her coverage of Shield AI, AI weapons and ethics. On the subject of tech getting out of hand, Devin and Anthony closed out the show with an update on the ongoing antitrust case against Google, and what a potential breakup could mean for the tech giant and startups looking to disrupt search. Hit play to join the conversation, and Equity will be back next week!

Transcript

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0:00.0

This episode is presented by Mercury, the FinTech that simplifies how more than 200,000 businesses operate. Hello and welcome back to Equity Tech Crunch's flagship podcast about the business of startups.

0:23.6

Today is Friday, October 11th.

0:26.2

I'm Devon Coldaway and joining me is Tech Crunch senior reporter,

0:29.4

Margot McCall.

0:30.3

What's happening with you, Margot?

0:31.7

Hi, the thing I'm thinking about most this week is I got my cat blessed on Sunday.

0:36.0

We like dressed up and brought him to church and held him up to the priest.

0:40.0

Wow. Is that a norm? is that recommended by veterinarian?

0:44.0

Is that normal?

0:46.0

That's a great question.

0:48.0

It wasn't even like we're Catholic but it was in a Pescapalian church. And it was the prettiest one.

0:53.2

So we wanted the cat to see a really great church.

0:56.3

Yeah, yeah, well, you never know.

0:57.4

I mean, the cat may go into the priesthood at some point

1:00.0

or the, you know, decide to go to,

1:01.5

I don't know, I don't know how it works now we're an interfaith

1:03.7

household so wow I guess that's true crazy congratulations and congratulations to the cat by the way I want to say

1:09.9

listeners probably have noticed by now that your friend Kirstiek

1:13.0

and Korsak is not cooking off today's episode. That's because she

1:15.6

ditched us to go to Africa to climb a mountain and so we're all jealous

1:20.9

boo. But as you can tell, if you know that voice,

1:24.6

that means we get to hang out with Anthony Ha,

...

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