Coinbase issued Wells notice, Bill Gates on AI, Tonal in talks for >80% markdown

Regulatory filing: Coinbase says it has been issued a Wells notice by the SEC for potential violations of US securities law; segments possibly impacted include the company’s spot market, Coinbase Earn, Coinbase Prime, and Coinbase Wallet - Link

Bill Gates: generative AI is the most significant technological revolution since the PC and can help all humans improve their lives if the risks are appropriately handled - Link

The Information sources: Tonal, a fitness hardware-as-a-service (HaaS) startup that was valued at $1.6B in 2021, is in talks to raise $125M at a valuation between $200M-$300M, representing an >80% markdown - Link

Artera (fka Well Health), a Santa Barbara-based startup that uses AI for cancer testing and personalized care, raised $90M from Coatue, J&J, and others - Link

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Jason hears four pitches from Founder University participants and chooses ONE startup to invest $25K in! (1:45) - Link

Instagram will launch two new ad formats: search ads and reminder ads where businesses and brands can build anticipation for upcoming events - Link

tomi, a DAO, raised $40M led by DWF Labs to build a free speech-focused and uncensored alternative internet - Link

Just Eat Takeaway is cutting 1700 couriers across the UK and is pivoting its business back to a gig economy model - Link

Ubisoft, the creator of Assasin’s Creed and other popular gaming titles, unveiled a new AI tool called Ghostwriter to aid scriptwriters in writing more realistic dialogue for NPC characters - Link

XXII, a Paris-based AI-powered computer vision startup, raised a €22M Series A led by the Fonds Innovation Défense - Link

This Week in Startups

E1703: Startup pitch competition! Jason invests $25K into one of four founders

E1702: Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading!

E1701: ANGEL: Laurie Yoler on investing early in Tesla, strategic partnerships, and her VC career

E1700: Banking crisis impact, more Meta cuts, and GPT-4 with Sunny Madra and Vinny Lingham

E1699: Andy Rachleff on SVB, how to evaluate VCs, market pull indicators, Wealthfront, and more

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