YC takes a bite out of PearAI, and French startups have a new home

Kirsten Korosec, Devin Coldewey, and Margaux MacColl are unpacking another busy week in the tech world, kicking things off with Governor Newsom’s veto of SB 1047, the controversial AI bill aimed at stopping real-world disasters caused by AI systems before they happen. This may not be the last we'll see of the bill, however, as its author has plans to return with a revamped SB 1047 next year. What else went down this week, you ask? Kirsten had us looking to the skies with Joby Aviation’s $500 million investment from Toyota. While Toyota seems to believe that the electric air taxi dream is finally taking off, the Equity crew is skeptical. Margaux argued that aeronautics startup Salient Motion is taking off, despite attempts from Palmer Luckey to shut it down. On the AI front, Devin wanted to discuss Poolside's massive round, the latest drama surrounding Y Combinator-backed PearAI and why it's making waves in the open source community. Speaking of community, Paris-based Motier Ventures . had the team feeling optimistic about the French tech scene with its announcement of its new startup hub, La Maison. Hit play to join the conversation, and Equity will be back next week!