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Equity

The AI industry's 'next big bet,' and should we just buy Chrome?

Equity

TechCrunch

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

4.2 • 365 Ratings

🗓️ 22 November 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Devin Coldewey and Margaux MacColl dig into the week’s tech and startup news, including what a new scaling method could mean for AI startups if it works and for chip providers if it fails. Listen to the full episode to hear about: - The DOJ’s latest proposal for Google: it should divest its Chrome browser. While we wait for a break in the monopoly case and a better search alternative to arise, the Equity crew thinks that Wiz might’ve been on to something when they said no to Alphabet. - Dual-use drone startup Tekever’s $74 million raise and its part in the European defense tech boom - How Converge Bio plans to build an ’everything store’ for biotech LLMs. While on the subject of LLMs, Kirsten took us deeper into ServiceTitan’s S-1, including its boilerplate warning about AI. - Network states 2.0. Margaux had the latest on Praxis’s unusual $525 million raise and the regions its founder is eyeing for a new city.

Transcript

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0:00.0

This episode is presented by Invest Puerto Rico.

0:03.3

If you believe your business can go anywhere, Puerto Rico is the place.

0:19.0

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

0:24.5

Today is Friday, November 22nd, 2024.

0:28.7

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

0:35.5

What's going on you two?

0:37.4

I saw some otters today.

0:39.3

Interesting.

0:40.2

Not anything to do with tech, but I appreciate it.

0:44.0

I didn't realize that I had to be tech.

0:45.7

I was going to say I walked my cat.

0:48.0

Okay, two amazing animal moments, but we should probably get into the show.

0:53.5

Today we have deals of the week covering surveillance

0:56.3

drones and everything store of biotech LLMs. I cannot wait for Devin to give us the lowdown on

1:02.5

that. And how the age of AI is giving us a new risk factor in IPOS 1 docs. Okay, insidery, but

1:09.8

relevant. And then we're going to get into why current AI scaling laws are forcing labs to change

1:15.4

course.

1:16.3

And what I'm really looking forward to is network states 2.0.

1:21.0

Are we already on 2.0?

1:22.5

Oh, yeah.

1:22.9

Oh, yeah, we are.

1:23.9

Before we get into the first deal, which is a story that I believe Margo wrote about, I did

...

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