Daily Crunch: App Store and Social Media Reviews Show User Backlash Against Snapchat’s New AI Chatbot

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As Twitter continues its absolutely ridiculous march to its own demise, we’re grabbing the popcorn to watch the fire burn. In other news: Happy Monday, folks! — christina and Haha

TechCrunch Top 3

  • Well, blue, check it out.– Twitter users with more than 1 million followers got their blue checkmarks back, even if they didn’t pay for Twitter Blue, Ivan reports. It is interesting to note that many of the account holders quickly parted ways with being subscribers. Maybe it also has something to do with Twitter giving a fake Disney account a gold checkmark. Ivan has more on that.
  • No th-AI-nks: That’s what Snapchat users are saying about its “My AI” feature, which launched last week. Sarah writes that the social media giant is seeing an increase in one-star reviews, including calling for its removal.
  • be close to you: At a time when there is a wave of doubts about cryptocurrencies, Cosmose, a company that uses artificial intelligence analytics to track in-store foot traffic and engage with online shoppers, is betting on digital currency. rita reports that Cosmose, which recently closed an undisclosed funding round to value it at $500 million, is now working with Near’s crypto solution. He even drops Stripe to do it. It’s a bold strategy, Cotton. Let’s see if it pays off.

Startups and VCs, formerly Snapcommerce, launched its SuperCash cash back card last October so cardholders could build credit, amassing 5 million customers worldwide who have collectively saved more than $150 million to date. , according to CEO Hussein Fazal. He now has his sights set on helping “ordinary Americans” find deals and savings across multiple categories, including travel and shopping, through his super app, christina reports.

Silicon Valley’s quest to automate everything is relentless, which explains its latest obsession: Auto-GPT. In essence, Auto-GPT uses the versatility of the latest OpenAI AI models to interact with software and online services, allowing it to perform “autonomous” tasks like X and Y. But as we learn with large language models , this ability appears to be as wide as an ocean but as deep as a puddle, Kyle reports.

Go ahead, another handful for you:

  • They just want to stay involved: Frederick reports that Volvo Cars Tech Fund invests in CorrActions, a driver monitoring startup.
  • I’ll call you in a bit: Brian reports a big partnership win for Oura as Best Buy brings the smart ring to 850 stores in the US.
  • You build it, you get paid: More construction projects are starting, but payments to contractors and their subcontractors continue to bottleneck the normal course of completing a project. Constrafor raises new capital to improve that, christina reports.
  • Tough competition: Woodoo is creating decarbonized wood-based materials, reports Roman.
  • last impressions matter: In CT+, Haha argues that for your launch pad, last impressions count almost as much as first impressions.
  • Making IP an asset: Also for TC+, Haha He took a closer look at Aventurine, which helps early-stage founders make money from their IP portfolios, in what the accelerator hopes will be a perpetual fund, fueled by IP licences.

10 years of fintech failure: 3 more ideas that did not live up to initial expectations

"Failure" The office metaphor is a wastebasket with a yellow arrow pointing at it and surrounded by crumpled balls of paper.

Image Credits: TommL (Opens in a new window) / Fake Images

Do you remember P2P loans and on-demand insurance? If not, there’s a good reason: Despite much hype, they’re just two of several fintech innovations that have failed in the past decade.

For his latest TC+ column, fintech consultant Grant Easterbrook examined three more ideas “that initially seemed promising but largely failed to change the financial services industry.”

According to Easterbrook, these failures offer valuable lessons for today’s founders and investors: “Fintech entrepreneurs need to remember the essential tenet that the average consumer doesn’t like to think about money and often wants someone else to take care of it.” he”.

Three more from the TC+ team:

TechCrunch+ is our membership program that helps start-up founders and teams get ahead of the rest. You can sign up here. Use code “DC” to get 15% off an annual subscription!

big tech inc

Merchants have a lot to deal with when it comes to running their businesses, but Shopify wants to take one thing off its plate. Shopify is working with B2B payment provider Melio to add direct invoice payments so they can consolidate invoices and pay their invoices in a more automated way through the Shopify platform. maria anna he writes that this is the “ecommerce platform offering to be a fintech one-stop-shop for merchants.”

Ring, ring… guess who’s calling? It’s PhonePe, and the company wants to challenge Google’s dominance in India with its own app store. The Walmart-backed company offers a “premiere experience for millions of users with high-quality ads and personalized targeting, support for 12 languages, and 24/7 live chat.” manish reports.

And we have five more for you:

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