Jack Dorsey and Jay Z create a bitcoin endowment, Datadog acquires a Startup Battlefield firm and BuzzFeed experiments with AI-generated quizzes. That is your Every day Crunch for February 12, 2021.
The massive story: Jack Dorsey and Jay Z put money into bitcoin growth
The Twitter founder and rapper/entrepreneur have put 500 bitcoin (at the moment value greater than $23 million) into an endowment called ₿trust, which Dorsey mentioned is being arrange as a blind belief.
He additionally mentioned the endowment will focus initially on bitcoin growth in Africa and India — India’s authorities has been reluctant to embrace cryptocurrencies to this point, whereas Africa (particularly Nigeria) has had a surge in transactions.
A job description for ₿belief’s board members says that the group’s mission is to “make bitcoin the web’s foreign money.”
The tech giants
Datadog to acquire application security management platform Sqreen — Initially based in France, Sqreen participated in TechCrunch’s Startup Battlefield in 2016.
BuzzFeed uses AI to create romantic partners in its latest quiz — Director of Product for Quizzes Chris Johanesen mentioned he’s hoping this would be the first in a sequence of “stunt-y experiments.”
Startups, funding and enterprise capital
Online workspace startup Notion hit by outage, citing DNS issues — Notion’s service was not loading as of round 9 a.m. ET on Friday.
Ember names former Dyson head as consumer CEO, as the startup looks beyond the smart mug — Ember is finest recognized for its good, heated mugs.
Recommendation and evaluation from Additional Crunch
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Felicis’ Aydin Senkut and Guideline’s Kevin Busque on the value of simple pitch decks — Regardless that Busque is a co-founder of TaskRabbit, he didn’t get the response he hoped for the primary time he pitched Senkut.
Will ride-hailing profits ever come? — A detour into Uber and Lyft’s numbers.
(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Every little thing else
Minneapolis bans its police department from using facial recognition software — 13 members of town council voted in favor of the ban, with no opposition.
Use today’s tech solutions to meet the climate crisis and do it profitably — As we enter essentially the most essential decade of local weather motion, we have to be certain that clear applied sciences change into the one acceptable norm.
Sweden’s data watchdog slaps police for unlawful use of Clearview AI — Earlier this month Canadian privateness authorities discovered Clearview had breached native legal guidelines.
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