Organization urges open source developers to dump GitHub following Copilot launch – TechCrunch

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The TechCrunch Top 3

  • Some developers are not happy: If you haven’t had the chance to meet our new Europe reporter, Paul Saeger, you’ll be delighted because he knocked it out of the park today. He wrote about the Software Freedom Conservancy urging open source developers to abandon GitHub after Copilot’s commercial launch. Among other things, their beef is that there is now a fee associated with using Copilot.
  • It’s going down: Buy Now, Pay Later Fintech firm Klarna is reportedly raising a new round of funding at a valuation well below some of its previous rounds. Maria Ann has more.
  • Valuation waits for no market: Alex delves into OpenSea’s $13 billion valuation and why that doesn’t match what he sees in NFT trading volume.

Startups and VCs

A little slow day for startup news, but let’s dive in:

  • Another wave: Natasha and amanda are back with the saddest list we’ve put together – all the tech layoffs.
  • There’s no head in the clouds here: Snowflake has made a name for itself when it comes to cloud data warehousing and Ron writes today that Hydra is here to take an open source approach. The company, which raised $3.1 million from Y Combinator after graduating from the 2022 winter course, is building its cloud data warehouse on the popular open-source Postgres database.
  • Additional efficiency: I highlighted’s new $6 million seed expansion, which supports the company’s long-term vision of helping e-commerce marketplaces achieve profitability. Their technology brings all of that gooey marketplace goodness, search, feed, ads, and promotions, together into one platform.
  • A shot in the arm: Medical testing has never been more important, and hey learned that Visby Medical raised an additional $35 million, an extension of a $100 million Series E round that began earlier this year. The company is working on “the world’s first instrument-less, handheld PCR platform that will enable anyone who needs it to test for a wide range of serious infections accurately and quickly.”

Pitch Deck Teardown: Wilco’s $7M seed deck

Founders with a tech background would do well to heed one of the biggest takeaways from Wilco’s $7 million seed pitch deck: Avoid the trap of focusing too much on a product’s attributes rather than its benefits. hey writes.

“The ‘how’ will be important, but risks the temptation to go into more detail than what’s important for a pitch deck. The “what” is too tactical; For this part of the story, it doesn’t matter what users have to do to get these benefits. Focusing on the “why” is why this slide is so impactful; it opens the door to deeper conversations if needed, but the basics are there. I wish more startups had gotten this right!”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)

BigTech Inc.

Yes, the Apple Store was down for 2 hours yesterday but now all is right with the world. hey reported that it reappeared with the removal of Enjoy – the company responsible for supplying and setting up Apple devices – following Enjoy’s bankruptcy announcement, and that a $50 gift card was offered with Apple TV 4K and Apple TV purchases US dollars will be shipped AppleTV HD.

annie delves into a story about the US commodity regulator, the Commodity Futures Trading Commission, which is pursuing a civil indictment against Mirror Trading International Proprietary Limited, a South African operator of bitcoin pools, and its CEO Cornelius Johannes Steynberg for allegedly operating a fraudulent commodity pool worth more than $1.7 billion worth of bitcoin.

across the pond, Natasha delivered two stories about the European Union today. One was that Amazon agreed to make it easier for people cancel their Prime membershipwhile lawmakers gave some their stamp of approval new regulations related to cryptocurrency.

  • Google sets up: Ivan writes that the search engine giant has agreed to pay $90 million to settle a lawsuit with US developers who have accused Google of abusing its powers to distribute apps and charging an unfair 30% fee for app purchases and in – Collect app purchases made through the Play Store.
  • crypto chaos: A company whose application for a bitcoin exchange-traded cash fund was rejected by the US Securities and Exchange Commission is now suing the federal agency. jacquie reports on why one expert says this approach probably won’t work.
  • FTX is at it again: First it was rumored that FTX wanted to take over Robinhoodwhich was debunked, but now another deal appears to be in place for BlockFi. Luke has more.
  • No EPA, no crying: Tim dives into why the Supreme Court’s Environmental Protection Agency’s recent ruling “virtually ensures the US won’t be competing with China or Europe.”

Organization urges open source developers to dump GitHub following Copilot launch – TechCrunch Source link Organization urges open source developers to dump GitHub following Copilot launch – TechCrunch

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