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Equity

It's the end of the road for Cruise, and Bluesky is still taking off

Equity

TechCrunch

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

4.2365 Ratings

🗓️ 13 December 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha and Margaux MacColl are unpacking the week’s news, including GM’s decision to give up on self-driving startup Cruise. The choice initially came as a shock considering the $10 billion GM pumped into the company over the years, but it became clearer when examining Cruise’s tumultuous 2023 and 2024.  Listen to the full episode to hear about: Freysa.ai’s public challenge and what’s motivating users to make the AI chat bot fall in love with them. Why VCs are lining up to back Lumen Orbit’s moonshot of data centers in space. Which startups are stepping up amid a looming TikTok ban and if we’ll see another company capture Bluesky’s success. According to Anthony, it all depends on, "luck, timing, and something to do with critical mass." Who’s stepping up to fill Y Combinator’s place in Africa and where else we could see a pivot to local accelerators. Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.  Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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.

0:18.6

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

0:25.0

Today is Friday, December 13th.

0:28.1

I'm Kirsten Koresak, and joining me today are my fellow T-Cers, Anthony Haugh and Margo McCall.

0:35.4

Hello, you two.

0:36.5

I just realized it's Friday of the 13th.

0:38.3

So, Anthony, are you superstitious?

0:40.8

Is this ominous podcast?

0:43.5

No, I'm not superstitious, but I think I have like weird sort of number obsession.

0:48.6

So I just get excited when it's Friday the 13th.

0:50.3

I think it's great.

0:51.1

So I'm excited to be here.

0:53.0

All right, Margo, you?

0:56.3

My family is four black cats.

1:03.3

We're excited about any spooky day. Nice. All right. Well, before we get to the show Rondown,

1:09.5

don't forget to rate and review on Apple Pods, Spotify, whatever your preferred pod streamer is,

1:10.9

we do appreciate it.

1:13.5

And we have a lot to cover today.

1:17.0

We're going to kick off the show with a deal.

1:19.4

It is really more of a deal for the public, I guess. If you somehow can trick an AI chat bot to fall in love with you,

1:23.7

can't wait to talk about that.

1:25.1

Then about the death of the cruise Robotoxy and Lumen

...

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