Daily Crunch: T-Mobile buys Mint Mobile’s parent company in a deal worth up to $1.35B

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Hellooooo and welcome to Wednesday Crunch!

SVB’s new CEO, Tim Mayopoulos, had a lot to say within 24 hours of joining the bank on Monday. For a select number of LPs and investors, in his private Zoom meeting run by SVB, he asked clients to return their deposits to the institution. Natasha M. report.

with lots of love Christine and he came

TechCrunch Top 3

• Get Mint-y: The big news today is that T-Mobile is buying Mint Mobile’s parent company (in which Ryan Reynolds owns) for $1.35 billion. Aisha “This move shows that T-Mobile is looking to beef up its prepaid service.”
• I know what you are, but what am I?: Ask OpenAI’s Greg Brockman, GPT-4 isn’t perfect, and neither are you. Kyle I am writing. ah.
• talk about timing: After OpenAI unveiled its new GPT-4 model, Quora launched its own chatbot product, Poe. This starts a subscription that allows you to chat with bots powered by GPT-4. Ivan report.

Startups and VC

There is no end to the startups trying to take advantage of drones. However, there are long-standing doubts about the effectiveness of such plans. Drones, especially smaller drones, are an impressive piece of technology, but their capabilities are relatively limited. You probably won’t be pruning trees or walking your dog in a small quadcopter anytime soon. Brian I am writing. One thing they do very well, though, is imaging. Verity raises $32 million as IKEA stores deploy inventory drones.

To celebrate Wednesday, here are some charming alliterations.

Zero-Based Budgeting: A Proven Framework for Extending Runways

Widening the runway in this environment is important, but pulling back too far in the wrong place can dampen momentum across the organization.

More startups are turning to zero-based budgeting instead of simply shaving a little off the top. This is an aggressive tactic where the founder returns to square his one. Analyst Healy Jones.

“The best founders are looking for a framework to strategically lean while making their startup value drivers work.”

Three more from the TC+ team:

TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!

Big Tech Co., Ltd.

Today’s Big Tech theme seems to be “how to make things easier”. First, he created his own set of guidelines on setting up an open source program office on GitHub. Pole Companies trying to stay on top of things like open source compliance and security will quickly find this to be a challenge, he writes. A loose collection of employees across myriad departments and roles. “

Then go to Waze. If you have an electric car, you’ll want to get closer. Ivan reports that Waze has a new feature that lets EV owners know where compatible charging points are on their route.

In addition, there are five