TechCrunch Summary (2023-06-02 08AM)

Source: Pitch Deck Teardown: Oii.ai’s $1.9M Seed deck

Summary
Artificial Intelligence startup, Oii.ai, raised $1.85 million seed funding. Its pitch deck, comprising of 18 slides and appendixes, showcases its vision and problem-solving proposal; the unique presentation style demonstrates creativity, and the early-stage traction strategy avoids vanity metrics.

Fact

💡 Oii.ai’s “What we want to change” slide outlines a clear and concise picture of the world’s change the startup wants to achieve.

📈 Oii.ai doesn’t lean into vanity metrics when it comes to its early-stage traction strategy-its proof-of-concept phase revenues demonstrate that its product works.

👍 The deck is a good example of visual storytelling and relies on imagery to explain its services.

Source: Amazon in talks to offer low-cost or free mobile service to Prime customers, report says

Summary
Amazon is considering providing Prime subscribers in the US with low-cost or free national mobile phone services, as it seeks to reinforce loyalty among subscribers and retain them long-term. The move will not be Amazon’s first foray into the wireless operator industry. Analysts have noted Prime membership has stagnated since the company raised its annual fee from $119 to $139.

Fact

📱 Amazon may offer wireless plans for $10 per month or for free to bolster customer loyalty and lower subscription churn rates.

📉 Shares of Verizon, AT&T and T-Mobile fell after the announcement of Bloomberg’s report.

💰 The low-cost or free service means Amazon may be competing with carriers for their current customers.

🚀 Amazon aims to start testing its satellite-internet service next year, called Project Kuiper.

🌏Google already has its wireless network called Google Fi Wireless, which runs on T-Mobile’s network.

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