Maybe it's a good thing that we're not seeing too many AI unicorns

Published: Aug. 9, 2024, 2 p.m.

In this Friday\u2019s episode of TechCrunch\u2019s Equity podcast, Kirsten Korosec, Mary Ann Azevedo and Becca Szkutak kick off the show dissecting a bill which aims to regulate AI at the model level. Naturally, some VCs and founders as well as students and professors are in an uproar about it. But we have to ask, is regulation in the name of safety such a bad thing? Short answer: It depends.\n\nThen the trio got into the deals of the week, including OpenAI\u2019s potential new investment in webcam maker Opal. We also discussed some major changes at the executive level within OpenAI and what that could mean about what\u2019s going on internally. Becca then wanted to talk about a new startup called why?!, which was founded by ex-Clubhouse employees and aims to be a networking, messaging and dating app all in one. And Kirsten wanted to drill down on electric vehicle maker Lucid\u2019s new $1.5 billion capital infusion from the Saudi wealth fund.\n\nWe then shifted gears to talk about just how many new unicorns were born in the U.S. this year so far and the surprising diversity of sectors they were in. And lastly, we dug into a couple of notable M&A deals in the fintech space, including one this week in which Payoneer scooped up a five-year-old Singaporean startup called Skuad for $61 million in cash as well as Stripe\u2019s latest buy.\n\nWe had a blast this episode, so give it a listen!