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Why, howdy there, and welcome to your Tuesday Daily Crunch. I’ll be your host this week whereas Haje works from an undisclosed location the place day is evening and evening is day. If you aren’t having fun with at the moment’s Found podcast about tampons, we hope you at the least noticed stars on the TC Sessions: Space occasion. Let’s dig into some news! — Christine
The Thealike Top 3
- First AI, now comfortable porn: We’ve written lately about synthetic intelligence and porn, however as everybody has run to the App Store to check out Lensa AI’s avatars, Haje finds out that, as he put it, “it’s way too easy to trick Lensa AI into making NSFW images.” Can’t say we didn’t see that coming. In truth, Taylor is over right here elevating pink flags.
- Robinhood is stepping into retirement: Mary Ann studies that Robinhood is shifting into the person retirement account recreation, providing a 1% match on each greenback contributed — the corporate says that is an business first. And it’s not going after the standard saver. Instead, it’s focusing on gig employees and contractors who typically don’t have that potential exterior of conventional workplaces.
- Email is life: To some folks, no entry to e-mail could be stress-free, however for these whose e-mail was affected by the latest Rackspace outage, we hope Carly’s story sheds some gentle on what has been taking place. It was certainly a ransomware assault.
Startups and VC
The enterprise market has been a tricky one for a lot of startups making an attempt to get a greater maintain on their runway. So when a scrappy younger firm is ready to elevate on this atmosphere, Alex’s ears perk up. He spoke to Cacheflow, which builds instruments for the software program gross sales closing course of, concerning the $10 million elevate that doubled its valuation.
And talking of industries hit exhausting by the market, Ingrid studies on some good news for the beleaguered fast commerce sector, the place Norwegian grocery supply firm Oda grabbed $151 million, however at a decrease valuation of $353 million.
And we’ve 5 extra for you:
How corporations can slash ballooning SaaS prices
Image Credits: Ong-ad Nuseewor (opens in a new window) / Getty Images
A examine carried out lately by buying administration platform Vertice discovered that one out of each eight {dollars} spent by enterprises goes to SaaS merchandise.
“It’s not surprising when you consider the average organization now uses around 110 SaaS solutions,” studies Kyle Wiggers. As a outcome, prospects are spending 53% extra on software program licensing at the moment than in 2017.
“Most organizations have grown their portfolio of software vendors dramatically over the past 10 years,” mentioned Stephen White, senior director analyst at Gartner. “It’s not uncommon to have more than doubled that vendor portfolio.”
Four extra from the TC+ workforce:
Thealike+ is our membership program that helps founders and startup groups get forward of the pack. You can join right here. Use code “DC” for a 15% low cost on an annual subscription!
Big Tech Inc.
We are actually an age the place human journalists simply would possibly develop into out of date (in all probability not, however yikes anyway). Natasha L had a dialog with OpenAI’s ChatGPT about its features and limitations. We received’t spoil it for you.
And we’ve 5 extra for you:
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