Byju's valuation shakeup and what's ahead for WWDC

Equity

TechCrunch

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

4.2 • 365 Ratings

🗓️ 10 June 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple’s WWDC is just hours away, and we’re gearing up for big announcements on – you guessed it – AI. We're kicking off today’s episode of Equity with a list of what we can (and can't) expect from the highly anticipated developer conference. But that's not all we talked about this morning. Becca Szkutak also took a look at Byju’s alarming valuation drop. The news may not come as a surprise given the rocky year Byju’s has had, but as Manish Sing put it, its journey stands to be one of the most “spectacular startup slides in recent memory.” To close out, we had news of a new fund looking to give the Italian startup ecosystem a boost. We’re optimist about the Italian Founders Fund and what it could contribute to the market, so press play and join the conversation!

Transcript

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0:00.0	Hello and welcome back to Equity Tech Runches flagship podcast about the business of
0:15.2	startups.
0:16.2	This is our Monday show where we take a look at the weekend and get you ready for the
0:19.2	week ahead.
0:20.2	Today is June 10th, 2024 and I'm Becca Scutak, a senior reporter at Tech Ranch.
0:25.0	On today's show we have what to expect from Apple's Worldwide Developer Conference today,
0:30.0	a new valuation for Indian Ed Tech by Jewsuse, a new fun betting on Italian startups, and a quick
0:35.4	note for pitch deck tear down fans, Hi is on vacation this week so we'll have a shorter show today
0:39.9	and get back to our regular scheduled programming when he returns. Let's get started.
0:46.5	The first big story we're looking at today is Apple's annual Worldwide Development Conference,
0:50.8	which kicks off later today at 10 a.m.
0:53.0	Pacific 1 p.m. Eastern. Well last year's
0:55.6	W. W. D.C event introduced us to the Vision Pro headset. This year we
0:59.6	don't expect any new hardware announcements as the event will largely be focused on the company's generative AI plans.
1:04.8	According to Tech Crunch's Brian Heater, we should expect a big Siri refresh.
1:08.8	Apple mail to get an injection of Apple's LLCM known as AJAC to offer email reply suggestions and even a new look and new features for Apple photos.
1:17.0	CEO Tim Cook promised last month that the company would, quote,
1:20.0	break new ground on Generative AI, adding, also in quotes,
1:23.0	we believe it will unlock transformative opportunities for our users.
1:26.7	Brian Heeder expects a lot of focus on iOS.
1:29.4	There were early reports that suggested Apple was meeting with Google
1:32.1	about a potential Gemini integration for iOS,
	...

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