"2024: Startups Navigate Funding Drought as VC Investment Retreats"
TechCrunch's Startups Weekly newsletter is getting rebranded in 2024 after reflecting on the numerous startup failures of 2023, emphasizing the natural cycle of startups either growing or ceasing to exist. The article also discusses the competition in driver assist technology, with Tesla and Mercedes not necessarily leading despite their high costs. In the EV market, Xiaomi enters with its "smartphone on wheels" concept, while EV charging networks face challenges with Tesla's dominance. Smart glasses are making a comeback with products like Amazon's Echo Frames and Ray-Ban Meta, and Apple is rumored to release its own high-priced smart glasses. In AI, investors are making varied predictions for 2024, and The New York Times is suing OpenAI and Microsoft over AI model training. Lastly, Fidelity has significantly reduced its valuation of Elon Musk's X holdings, reflecting the company's challenging year.