Hey, pleasant individuals, and welcome to Week in Overview (WiR), TechCrunch’s common publication that aggregates the highest tech information over the previous few days. It’s our humble opinion that there’s no higher place to get caught up on the trade’s happenings, whether or not you’re a information junkie or just among the many tech-curious.
On this version of WiR, we cowl Apple’s iPhone and different associated bulletins, the MGM hack and Tesla’s Cybertruck reemerging with an up to date inside. Additionally on the agenda is cost processor Sq. going through an outage, California contemplating a ban on autonomous vehicles and the tumultuous canning of provide chain startup Flexport’s CEO, former Amazon shopper chief Dave Clark.
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Apple unveils the iPhone 15: Apple had a jam-packed press convention on Tuesday, and among the many highlights had been two new iPhones: the iPhone 15 and iPhone 15 Professional. Each characteristic USB-C connectors, a transfer spurred partly by EU laws. There are different new options, too, together with a titanium physique (on the Professional) and a haptic “motion button” that replaces the mute swap on previous-gen iPhones.
Expanded iCloud storage plans: In different Apple information, the corporate introduced throughout Tuesday’s presser that it’s including 6 TB and 12 TB storage choices to iCloud+, its cloud storage subscription. (Pricing wasn’t introduced, sadly.) Amanda notes that, whereas the typical shopper received’t want that a lot area, the brand new plans could possibly be helpful for photographers and filmmakers, who’re set to get large digicam upgrades with the iPhone 15.
USB 3 speeds on iPhone, with a catch: A significant good thing about the iPhone 15 Professional is USB 3 speeds — file transfers as much as 10 gigabits per second. However as Ivan stories, homeowners received’t get these out of the field. Apple’s delivery a USB 2.0 cable with a type-C port; customers should use “an elective USB 3” cable to unlock the upper information speeds. However hey, at the very least the iPhone 15 Professional’s new “spatial video” mode received’t require any aftermarket equipment.
MGM’s large information breach: It’s been a foul week for casinos. Following stories that Caesars paid thousands and thousands in ransom to a cybercrime group, lodge and on line casino big MGM Resorts has confirmed a “cybersecurity concern” is responsible for an ongoing outage affecting methods on the firm’s Las Vegas properties. In keeping with stories on social media, the incident has led to outages impacting ATM money dispensers and slot machines at MGM’s Las Vegas casinos, and compelled lodge eating places to simply accept cash-only funds.
Cybertruck will get a redesign: Tesla’s Cybertruck — the topic of frequent delays — has been noticed within the wild with an up to date inside. New images shared by Tesla watchers The Kilowatts depict a Cybertruck with what seems to be a unique wheel and middle console than what we noticed again in Could. However as Harri writes, it’s not clear whether or not this explicit car displays how the Cybertruck will look as soon as Tesla lastly will get round to delivering them en masse.
Flexport strikes again: Two days after former Amazon govt Dave Clark’s abrupt departure as CEO of Flexport, Ryan Petersen, Flexport’s founder, mentioned publicly that the corporate will rescind dozens of job affords and look to lease out workplace area as Flexport makes an attempt to get prices underneath management and get “its home so as.”
California considers banning self-driving vehicles: In a blow to the autonomous trucking trade, the California Senate handed a invoice, AB 316, on Monday that requires a skilled human security operator to be current any time a self-driving, heavy-duty car operates on public roads within the state — successfully banning absolutely autonomous vehicles. After all, AB 316 nonetheless must be signed by Governor Gavin Newsom earlier than it turns into legislation, which isn’t a positive factor given Newsom’s repute for being pleasant to the tech trade.
Sq. outage resolved: When you didn’t catch it final week, Sq. restored its providers after a daylong outage left small enterprise homeowners unable to course of funds. The Block-owned firm had, up till final Friday morning on the U.S. West Coast, been battling a protracted outage that had downed its providers because the afternoon the day prior.
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Want a podcast to whereas away the hours, whether or not it’s commuting from work or kicking again after a protracted and tense workweek? To not fear — we’ll hook up you.
Fairness introduced TechCrunch+ senior local weather reporter Tim De Chant on the present to speak local weather tech, {hardware} breakthroughs and why we now have an entire stage this yr at Disrupt, TechCrunch’s flagship convention, targeted on sustainability.
On this week’s episode of Discovered, in the meantime, the crew interviewed Jaleh Bisharat, the co-founder and CEO of NakedPoppy, an e-commerce web site that helps individuals discover the make-up shades finest suited to them and affords a market of “clear” pure magnificence merchandise. Bisharat talked about her private journey towards launching the corporate after a protracted profession working in advertising and marketing for corporations reminiscent of Amazon and Eventbrite.
And Chain Response recapped a panel that Jacquelyn moderated dwell on the Avalanche Home occasion that came about in Seoul, South Korea, throughout Korea Blockchain Week. The panel targeted on the most important alternatives and challenges going through web3 enterprise, that includes audio system like Dan Solar, the startup success supervisor for web3 APAC lead at Google Cloud, and Gagan Mac, the top of product and senior director of web3 providers at Circle.
TechCrunch+
TC+ subscribers get entry to in-depth commentary, evaluation and surveys — which you recognize for those who’re already a subscriber. When you’re not, take into account signing up. Listed below are just a few highlights from this week:
Antitrust and generative AI: The Federal Commerce Fee (FTC) is making the case for aggressive antitrust enforcement. How may this have an effect on the marketplace for generative AI? Two visitor contributors from Perkins Cole, the worldwide legislation agency, examine.
Instacart’s sky-high valuation: Alex writes about Instacart’s IPO, noting that the startup may promote as a lot as $616 million of its inventory — a complete of twenty-two million shares. With a debut inventory worth at between $26 and $28 per share, Instacart can be near “decacorn” standing.
Fintech’s reckoning: Some fintech corporations are weathering the macroeconomic storm higher than others and seeing an finish in sight. Specifically, startups utilizing AI to combat cash laundering and fraud appear to be having fun with tailwinds, Anna stories.
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