Daily Crunch: AWS is now accepting applications for its new 10-week Generative AI Accelerator

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Happy Tuesday Crunch, our crispy compatriots. Today we have a lot of fun event-based updates for you. When you get to Early Stage in Boston, talk to VCs there. If you would like to speak at Disrupt later this summer, you can apply now. Oh, and sustainability gets a whole stage to itself at Disrupt. It’s going to be awesome. See you there?

Also! darrell argues that “generative AI is not only already here, but already delivering deadly blows,” in his recent article, “A Knife So Sharp You Won’t Cut It.”

— Christine And hey

The TechCrunch Top 3

• Accelerating Generative AI: Amazon is jumping into startup accelerators again with both feet and will boost generative AI startups around the globe with a 10-week program, Natasha M writes. Ten startups will receive $300,000 in AWS credits and demonstrate their technology in a demo day.
• A “not quite open-source startup”: That’s how it goes Paul described Dozer, a startup that came out of cover today with $3 million in the bank and technology to help any developer create real-time data apps in no time.
• Everything in the startup: Yes, startup founders are important when it comes to securing funding, but Ensemble has amassed $100 million in capital commitments for its first fund, with the premise that behind every founder is a team that works for the success of a company matters. becca tells you how

Startups and VCs

The hype surrounding ChatGPT, OpenAI’s viral AI-powered chatbot, hasn’t peaked yet, kyle reports. That’s the vibe you get from Y Combinator’s Winter 2023 series, which features no fewer than four startups claiming to be trying to build “ChatGPT for X.”

Today, we’re keeping an eye on the legal case brought by the Securities and Exchange Commission and Charlie Javice, founder of student finance start-up Frank. The SEC accuses Javice of defrauding JPMorgan in connection with the $175 million sale of the company to JPMorgan Chase Bank in 2021. Maria Ann reports.

Meanwhile, brushing up on the news regarding what’s happening with Trump’s impeachment, here are a few more stories to keep you entertained:

What is a fair premium for startup stocks?

Photo credit: Javier Ghersi/Getty Images

A new market update report from Redpoint Ventures includes insights for Series B and C founders planning to raise funds this year, reports Alex Wilhelm.

“Mid-stage startups still look pretty expensive today,” he writes. “Either the stock market needs to regain some of its juice, or starting prices need to fall further for things to get ‘normal’ again.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and start-up teams stay ahead of the competition. Here you can sign up. Use code “DC” for 15% off an annual subscription!

BigTech Inc.

Today we bring you Twitter: everything, everywhere, all at once. amanda And alyssa From the layoffs to the verification drama, give us a monthly rundown of Elon Musk’s Twitter, where changes coming June 1st

Meanwhile, Virgin Orbit, which is exactly what NASA called its New Moon Crew or “Moon Unit,” has filed for bankruptcy. darrell writes: “The bankruptcy filing follows weeks of bad news for the company, including a halt to all operations, a brief hunt for more money to continue the business, and massive layoffs to try to adjust the size of the company’s actual available budget . what today’s news essentially confirms was not there.”

And we have five more for you: