Daily Crunch: New AI model DeepFloyd IF offers ‘advanced text-to-image generation techniques’

Image credit: deep floyd

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Fly Yay! Grab your Disrupt ticket today if you have time — early bird discount ends in 7 days!

And while it seems a little silly to be against plant-based milk, this ad by newly founded CEO Aubrey Plaza (yes, or Wood Milk’s Aubrey Plaza) is delightfully bizarre and confusing. It makes for a great weekend wait stupidity.

— Christine and Haje

TechCrunch Top 3

• ABCs of AI: Kyle We report on using DeepFloyd to learn how artificial intelligence will eventually draw text on images. he wrote: “DeepFloyd IF, trained on a dataset of over 1 billion images and text, requires a GPU with at least 16GB of RAM to run and can create images from prompts like ‘teddy bear in reading shirt’. increase. Deep Floyd’ — optional, in a variety of styles.
• costs a quarter: You were very excited about the 20 new games Apple introduced to Apple Arcade. Ivan There are more.
• Less trouble: Lauren I spoke with the CTO and CPO of Warner Bros. Discovery to get the scoop on how Max is less buggy. She also wrote about how her streaming business will be profitable in 2023.

Startups and VC

Is the grass on the other side green? I’m not sure, but the sky is definitely bluer. It’s been over a year since Elon Musk announced his bid to buy Twitter, and those who opposed the sale tried to launch shops on platforms like Mastodon, Substack Notes, T2… but these Twitter None of the alternatives were able to actually catch the lightning bolt in the bottle. blue sky. Amanda and Alyssa We break down all the highlights you need to know about Bluesky.

Mary Ann Peter Ackerson has resigned from his role as general partner of Finn Capital, a fintech-focused venture firm, in a rather vague paper to “defend American innovation through early-stage technology investment.” , reports that it has launched a new company, Odea Capital.

We have a few more to kick off the weekend.

Down rounds are ‘tickets to try again,’ says founder who raised three times in a row

Just as a rising tide lifts all boats, a persistent drought is an exercise in humility for both yacht owners and kayakers.

According to Carta, “the number of down rounds in Q1 2023 nearly quadrupled compared to the same period last year,” writes Rebecca Szkutak.

Founders who accept down rounds no longer carry the stain of failure amid declining valuations, said Russ Wilcox, partner at Pillar VC.

“When you set a valuation of $700 million, it looks somehow winning and undiluted, but really, it just raised the bar very high,” he said. .

Three more from the TC+ team:

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Big Tech Co., Ltd.

curly had an interesting call this week with an anonymous security researcher who discovered a large amount of data owned by London-based outsourcing giant Capita exposed online. He’s talking about over 3,000 files, including software files, server images, Excel spreadsheets, PowerPoint presentations, and text files. I’ll leave the good stuff alone, but note that you should check how long these files were supposedly published “online”.

If you’re interested in earnings, here are some:

In addition, there are four