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Rest in peace, startups of 2023 — For 2024

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Hello and welcome to the last Startups Weekly ever.

Do not worry! We’re not going far – the newsletter continues, but next week we get a great new name and a brand new color.

As Brian, Mary Ann and Zack wrote earlier this week, we lost a lot of startups in 2023but honestly I don’t think that’s a bad thing. Startups aren’t meant to last forever — they either develop into a fully-fledged corporation with a growth trajectory, or they cease to exist altogether. There’s no in-between, and while job losses and livelihoods are a tragedy, they’re exactly the reason startup workers are usually paid pretty well: the risk is baked into the reward in the form of stock options.

A tale of two pedals

Bank of chargers for electric cars

Image credits: Jon Challicom (opens in a new window) / Getty Images

Tim Stevens took a deep dive, comparing the different driver assistance systems currently on the market. In this technological battle, Tesla’s «Full Self-Driving» and Mercedes’ Drive Pilot are struggling to live up to their hype and prices, falling behind their competitors from BMW, Ford and Chevrolet. It turns out that expensive doesn’t always mean better in the race for driver assistance system supremacy, with hands-off features and automatic lane changes the new benchmarks for road tolls.

More from the transport country:

Let’s go in a circle: Elon Musk The Hyperloop dream hits the buffers while Hyperloop One shuts down, leaving high-speed rail to grab the attention.

What’s next? Nokia Taxi?: Xiaomi’s jump into the electric vehicle market with its SU7, dubbed a «smartphone on wheels,» combines ambitious technology with automotive prowess. We looked at Xiaomi’s attempt to put phone-like software into carswith a note on the challenges of making a car that is technologically advanced and worthy of the open road.

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EV free for all (except not free): Networks for fast charging of electric vehicles are preparing for a turbulent 2024 as they contend with Tesla’s growing Supercharger dominance. Major players like Ford, GM and Volkswagen are somewhat reluctantly joining Tesla’s charging protocol, leaving once-promising networks like Electrify America in purgatory.

The glass holes are back

Amazon Echo frames 2023

Image credits: Brian Heater

It is wild that it’s been a decade since Google Glass was in vogue, but here we are again. . . We’re back to wearing all kinds of computing devices on our faces. Amazon’s latest Echo boxes, despite the improved sound, can’t quite keep up with the Ray-Ban Meta, which manages to blend technology and style more effectively. The Echo Frames are a bit of an underwhelming contender in the smartglasses arena, especially compared to the sleeker Ray-Ban Meta, Brian concludes.

More from the world of hardware startups:

Soon on a face near you: Apple’s Vision Pro is it is rumored to be released in late January or early February. It is one of Tim Cook’s boldest moves so far. Priced at $3,499, it’s an ambitious venture into spatial computing, despite VR’s historically poor performance and Apple’s modest delivery expectations.

More treatments than you can shake a pill at: MIT scientists are shaking things up in the fight against obesity with a vibrating pill, literally. This tablet, once swallowed, it vibrates to make the body feel full, potentially replacing expensive drugs and surgeries. Now if it can also notify us of new Netflix episodes, it really can do anything.

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Comprehensive list of technology layoffs in 2023 and 2024

This is the most wonderful time in daaaaaar: That’s right, I’m joining the TechCrunch team at CES in Vegas next week. Here’s what we expect this year.

So what does 2024 bring?

2024, predictions, venture capital, startups

Image credits: Bryce Durbin / TechCrunch

More than 40 investors share their predictions for 2024, with different opinions on IPOs and the future of artificial intelligence. While some expect a return of output, others predict a dry period until 2025. The consensus is unclear, but all eyes are on investments in artificial intelligence and the survival of startups amid increasingly stringent valuations and selective funding.

More AI news from the TechCrunch team:

2024 in AI: Devin explores the top eight predictions for the world of artificial intelligence for the next year. There are some borderline obvious, and also some thought-provoking ideas. Check it out!

Cough it up, robots!: It’s the New York Times is suing OpenAI and Microsoft, claiming they trained AI models on Times content without permission. The suit seeks damages and the destruction of models containing the Times’ material, arguing that the practice harms its journalism and brand.

Taking the LLM offline: Giga ML aims to revolutionize the way companies use large-scale language models (LLM) by enabling offline deployment. Their platform is focused on privacy and customization, addressing common enterprise concerns about data sharing and lack of flexibility with existing LLMs.

Top TechCrunch reads this week

Still want more? Well, hell, you’re starting the year a little greedy, but I see you. Here are the top five stories from last Startups Weekly:

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Well, it’s your own fault that we got hacked: «Instead of acknowledging its role in this data security disaster, 23andMe has apparently chosen to leave its customers out to dry while downplaying the seriousness of these events,» Hassan Zavareei, one of the attorneys representing victims who received the letter from 23andMe, said. he told TechCrunch.

It’s like the lottery, but YouTuber: MrBeast’s exploits have evolved into a new kind of American Dream, where enduring bizarre and challenging situations on YouTube could pay off your debts. contestants, driven by desperation to pay student loans or medical billstake part in extreme challenges such as living in a grocery store or living together in a cramped room for months.

Ups and downs in real estate: Short-term rental provider Frontdesk is on the brink of collapse after laying off its entire 200-strong workforce. The company’s struggles, exacerbated by failed fundraising efforts and challenges with its business model, led to a drastic step just a few months after acquiring a smaller rival.

The best gifts to avoid: Of course, Christmas came and went, but I still loved to read Zack’s Anti-Gift Guide. Warns of technology with security and privacy pitfalls. Highlighting items such as genetic testing kits, video doorbells, VPNs, child monitoring apps, cheap Android tablets and internet-connected sex toys, the article advises against giving them away due to potential data breaches, surveillance risks and general privacy concerns .

X continues its decline: Fidelity has drastically cut its valuation of X shares, parent company X (formerly Twitter) owned by Elon Musk, for 71.5%. This comes after a tumultuous year for the company, including a CEO change, challenges attracting advertisers and controversial decisions like bringing back banned accounts. The write-down reflects ongoing difficulties and a significant drawdown from Fidelity’s initial investments.

#Rest #peace #startups

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