MassMutual launches $100 million fund to invest in diverse founders

Insurance company MassMutual announced Thursday the launch of a new impact investing MM Catalyst Fund of $100 million. The money will be used to continue investing in Massachusetts-based diverse-led... Read more »

This startup wants to train art-generating AI strictly on licensed images

Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a... Read more »

With Bedrock, Amazon enters the generative AI race

Amazon is throwing its hat into the generative AI ring. But rather than build AI models entirely by itself, it’s recruiting third parties to host models on AWS. AWS... Read more »

Otterize raises $11.5M to help developers securely connect software services

Tomer Greenwald, Uri Sarid and Ori Shoshan, software developers by trade, found themselves building and configuring software authentication and authorization mechanisms repeatedly — each time with a different tech... Read more »

As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother

SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies.   The deal’s... Read more »

Snap signs new music licensing deals to expand its Sounds library

Snap has signed a deal with multiple music labels to expand its Sounds library, the social app’s product that lets people use song clips in Snaps and Stories. The... Read more »

Thynk wants to upgrade hotel stays with a vertical software platform

Meet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. The startup just raised a $13 million Series A round. This... Read more »

LMS365, a learning management system built into Microsoft 365 and Teams, raises $20M

Danish company LMS365, an online learning management system (LMS) built for use inside Microsoft products, has raised $20 million in its first institutional round of funding. Used by companies including... Read more »

Italy gives OpenAI initial to-do list for lifting ChatGPT suspension order

Italy’s data protection watchdog has laid out what OpenAI needs to do for it to lift an order against ChatGPT issued at the end of last month — when... Read more »

Daily Crunch: Twitter CEO admits he purchased platform for $44B because ‘I kind of had to’

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Good morning, you glorious souls. Have... Read more »
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