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Daily Tech News: Meta, 20VC, ArrowBiome, MrBeast, Spotify, Instantia

June 19, 2024

Here are the top stories on Techzi

Meta’s VP Ranks Slimming Down as Zuckerberg Embraces ‘Permanent’ Efficiency

  • Meta slashing VP ranks as Zuckerberg pursues efficiency.

  • Stringent reviews cull underperformers from top ranks.

  • Prioritizing lean management over organizational bloat.

20VC’s Harry Stebbings Gears Up for Massive $400M Fund

  • 20VC podcast host Harry Stebbings raising potential $400M fund.

  • Meteoric rise from $8.3M fund in 2020.

  • Ex-DST’s Paul Bonnet to lead investments for split fund.

ArrowBiome Secures $1M to Revolutionize Microbiome Care

  • ArrowBiome raises $1M to engineer lysins targeting bad bacteria.

  • Singapore startup’s precision solution enables lower-dosage personal care products.

  • Funding to expand R&D, partnerships beyond skincare applications.

Do the Most Profitable Films of All Time Share a Secret Formula?

Guest Author: Richard “Richieee“ Armstrong

  • Blumhouse Productions cracked the formula for low-budget, high-profit horror films.

  • Their key: Multiple inexpensive projects, creative freedom, straight-to-streaming releases.

  • Unconventional ideas often yield outsized returns, like startups.

YouTube Megastar MrBeast Expands Business Horizons

  • MrBeast launching mobile game, beverage brand in 2025 expansions.

  • YouTube star’s businesses projected $700 million revenue in 2024.

  • Direct-to-consumer plays target monetizing MrBeast’s massive fanbase.

Spotify Gears Up for Premium Audio Experience

  • Spotify unveiling pricier tier for hi-fi audio, smarter playlists.

  • AI tunes personalized soundtracks to users’ moods, activities.

  • Premium indulgence aimed at audiophiles despite higher cost.

VNG-Backed Instantia Simplifies FX Risk Management for Businesses

  • Instantia simplifies FX risk monitoring for businesses.

  • The startup combines data modeling, analysis to forecast forex positions.

  • VNG-backed Instantia eyes global expansion after Australia launch.

Runway Unveils Gen-3, Turbocharging AI-Generated Videos

  • Runway unveils Gen-3 for AI-generated videos from text.

  • Powerful controls over style, motion, filmmaking elements.

  • Teases even more advanced future models coming.

TikTok Lets AI Avatars and Dubbing Take Center Stage for Ads

  • TikTok launches AI avatars, multilingual dubbing for ads.

  • Creators get AI replicas, brands get localized campaigns.

  • Boosts global reach, ad capabilities amid challenges.

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