- Front Research
- Posts
- 🚨 Is Late 2023 the Endgame for 50,000 Startups?
🚨 Is Late 2023 the Endgame for 50,000 Startups?
Today: The virtual AI village | Tech IPO halt coming to an end? | iOS 17 camera updates
Kristoffer Lindström
August 28, 2023
In Partnership with ⬆️
Premium.
You are a Premium Subscriber.
Your ads have been removed.
A new week, new opportunities!
Today is Monday, August 28. We have added more in-depth comments on new stories. I hope you like it! Top headlines:
Late 2023: Endgame for 50K Startups?
AI Chatbots Mimicking Human Behavior in Virtual Village.
Klaviyo and Instacart File IPOs: Turning Tide?
Epic Keeps All Revenue for Exclusivity.
iOS 17 Camera Upgrades
and more...
READ TIME: 3.9 MINUTES
From our partner: todoist
Organize your work and life, finally.
Become focused, organized, and calm with Todoist. The world’s #1 task manager and to-do list app.
Remove ads.
Want to read Business Edge without ads?
Then, you can get our Premium subscription for only $4.99/month or a discounted annual price.
Start a 7-day free trial now.
Tech Companies
A federal judge in California dismissed the Republican National Committee's lawsuit against Google, alleging discriminatory spam filtering of political emails. The judge cited insufficient evidence of bad faith on Google's part.
đź’ˇ Why does this matter?
The ruling highlights the ongoing tension between tech companies and political entities over content moderation. For tech entrepreneurs and investors, it serves as a reminder of the regulatory scrutiny that Big Tech is under, potentially affecting future business decisions.
Epic Games announces its new First Run program, allowing developers to keep 100% of net revenues for six months if they make their games exclusive to the Epic Games Store.
đź’ˇ Why does this matter?
This aggressive revenue-sharing model could be a game-changer in attracting developers to the Epic Games Store over competitors like Valve's Steam. For the gaming industry, it signals a shift in marketplace dynamics and opens up new avenues for monetization. A more significant part of the life-time-value of games will be attributed to the studios and publishers, instead of the platform holders.
More than 50,000 US VC-backed startups face potential shutdowns or sales as venture capital funding dwindles. The average time between fundraising rounds is 1.5 years, putting many startups in a precarious position by late 2023.
đź’ˇ Why does this matter?
The tightening of VC funding could lead to a significant shakeup in the startup ecosystem, affecting entrepreneurs, investors, and employees. This trend may force startups to explore alternative funding options or strategic exits, creating challenges and opportunities in the tech industry. The best advice for startups is to find profitability, and if you can’t. The company’s model might not be viable at all.
Researchers from Stanford and Google created a digital village called Smallville, populated by AI chatbots with "memory streams." These chatbots exhibit complex social behaviors, including forming relationships and coordinating activities.
đź’ˇ Why does this matter?
The experiment offers a glimpse into the future of AI in simulating human-like behavior, potentially enriching video games, and serving as rehearsal spaces for interpersonal communication. It also opens new avenues for social science research, offering a controlled environment to study complex social dynamics.
Data and marketing automation company Klaviyo and grocery delivery giant Instacart have filed for IPOs. Klaviyo plans to list on the NYSE, while Instacart aims for the Nasdaq. This comes after a lull in significant tech IPOs since late 2021.
đź’ˇ Why does this matter?
The filings could signal a revival in the IPO market, which has been relatively quiet for tech companies. Performance of these and ARM’s IPO will mostly be closely monitored by other unicorns thinking of a potential public listing now as the private funding landscape is in drought.
Quick Links
Instant grocery delivery startup Zepto secures $200M, reaching a $1.4B valuation and becoming India's first unicorn of 2023. Amid a struggling sector, Zepto aims for an IPO by 2025.
Meta's unreleased Quest 3 VR headset unboxed in a video, confirming design and features ahead of its official fall launch.
Apple's iOS 17 introduces enhanced pet recognition, Visual Look Up features, and new editing tools in Photos and Camera apps, aiming to enrich the user experience.
Apple aims to rejuvenate its lagging tablet market with a major overhaul of the iPad Pro, featuring next-gen M3 chips and OLED displays.
What do you think about the new newsletter design?We want to give you a more in-depth view, on the most important topics. |
Reply