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Equity

AI's tween years, who's taking over climate tech, and the latest for Fearless Fund

Equity

TechCrunch

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

4.2365 Ratings

🗓️ 13 September 2024

⏱️ 34 minutes

🧾️ Download transcript

Summary

What could be more frightening than Friday the 13th? How about a realization that AI is in its awkward tween stage? At least, it was for the TC Equity pod crew, which this week included hosts Devin Coldewey and Kirsten Korosec along with TC reporters Tim de Chant and Dominic Madori Davis. AI is often a topic over here at Equity Pod; and this week was no different. It seems to be everywhere — and nowhere — all at once. Take Apple, for instance. As Coldewey noted on the show Apple has punted on AI. The tech giant is touting its AI capabilities, but for now, it’s all promise for the future and not quite a fully mature product. (get the tween reference yet?) As Kirsten and Devin discussed, it’s not all bad in AI land. Take the startup Someone Somewhere, a Mexico City-based startup that applies handcrafts on clothing and accessories and works with rural artisans in seven of Mexico’s poorest states to create “quality, on-trend products.” The startup used AI — specifically, Stable Diffusion’s text to images model — to show companies how some of their most iconic items might look if they were made with artisans from different regions. Let’s just say, the company got a lot of attention for the effort. See AI can be used for good? There were plenty of other non-AI deals and discussions to be had on Equity, including an eye-popping pivot from the venture-based autonomous vehicle delivery startup Nuro as well as Oura’s recent acquisition of metabolic health startup Veri. For the second half of the show, De Chant joined to provide his insight and expertise on an interesting trend around climate tech startups — hint it’s about hardware. Davis helped close out Equity with an important update on Fearless Fund and discussion of what the trickle down effect might be following a legal settlement and the shutdown of its contested Strivers Grant Program.

Transcript

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0:00.0

Hello and welcome back to Equity Tech Runch's flagship podcast about the business of startups.

0:16.4

Today is Friday, September 13th, whoa spooky.

0:19.7

I'm Kirsten Corresec and joining me today is Tech Runch senior editor Devon

0:23.8

Devon called away what's going on in your world Devon has AI taken over yet?

0:27.8

No still waiting on that but you know it's probably the 13th anything can happen

0:31.6

freaky Friday maybe I'll do a little brain swap with Chad Friday the

0:33.4

thing thing can happen freaky Friday maybe I'll do a little brain swap with chat gpity see if that's a improvement

0:36.8

I think it would be well on today's show AI might come up we'll talk about

0:42.2

aura neuro an autonomous vehicle company,

0:45.0

someone somewhere, how hardware is taking over climate tech and an update on the Fearless Fund.

0:52.0

I should also note that we will be joined by other special TC guests later in the show.

0:56.8

But before we jump into the deals, Devon, I have to talk to you about this Apple story that you wrote all around.

1:04.1

We have a ton of Apple coverage.

1:05.8

We have a quick rundown of what Apple announced earlier this week.

1:09.6

So you can check that out on the Equity shot from Monday and thanks to Amanda Silverling

1:14.6

for taking over on that. We'll put a link to that in the show notes, but you can also

1:18.5

go back to episodes to listen. But Devon, your story, Apple punts on AI.

1:23.2

Yeah.

1:24.2

Is Apple punting on AI?

1:25.2

Well, everybody's punting.

1:26.6

I mean, it's just, you know, Apple talk this up along with everybody else.

1:31.0

Every AI maker is like it's going to revolutionize everything it's going to change

...

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