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Hey, pleasant individuals, and welcome to Week in Review (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 business’s happenings, whether or not you’re a information junkie or just among the many tech-curious.
In 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. Also on the agenda is cost processor Square dealing with 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 Pro. Both characteristic USB-C connectors, a transfer spurred partially by EU laws. There are different new options, too, together with a titanium physique (on the Pro) and a haptic “action 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 common shopper gained’t want that a lot area, the brand new plans could possibly be helpful for photographers and filmmakers, who’re set to get massive digicam upgrades with the iPhone 15.
USB 3 speeds on iPhone, with a catch: A serious advantage of the iPhone 15 Pro is USB 3 speeds — file transfers as much as 10 gigabits per second. But as Ivan stories, house owners gained’t get these out of the field. Apple’s transport a USB 2.0 cable with a type-C port; customers must use “an optional USB 3” cable to unlock the upper information speeds. But hey, not less than the iPhone 15 Pro’s new “spatial video” mode gained’t require any aftermarket equipment.
MGM’s massive information breach: It’s been a foul week for casinos. Following stories that Caesars paid hundreds of thousands in ransom to a cybercrime group, lodge and on line casino big MGM Resorts has confirmed a “cybersecurity issue” is responsible for an ongoing outage affecting programs on the firm’s Las Vegas properties. According to 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 just 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 pictures shared by Tesla watchers The Kilowatts depict a Cybertruck with what seems to be a special wheel and middle console than what we noticed again in May. But as Harri writes, it’s not clear whether or not this specific automobile 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 government Dave Clark’s abrupt departure as CEO of Flexport, Ryan Petersen, Flexport’s founder, stated publicly that the corporate will rescind dozens of job provides and look to lease out workplace area as Flexport makes an attempt to get prices beneath management and get “its house in order.”
California considers banning self-driving vehicles: In a blow to the autonomous trucking business, the California Senate handed a invoice, AB 316, on Monday that requires a educated human security operator to be current any time a self-driving, heavy-duty automobile operates on public roads within the state — successfully banning totally autonomous vehicles. Of course, 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 status for being pleasant to the tech business.
Square outage resolved: If you didn’t catch it final week, Square restored its companies after a daylong outage left small enterprise house owners 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 companies for the reason that afternoon the day prior.
Audio
Need a podcast to whereas away the hours, whether or not it’s commuting from work or kicking again after an extended and hectic workweek? Not to fret — we’ll hook up you.
Equity introduced TechCrunch+ senior local weather reporter Tim De Chant on the present to speak local weather tech, {hardware} breakthroughs and why we have now an entire stage this yr at Disrupt, TechCrunch’s flagship convention, centered on sustainability.
On this week’s episode of Found, 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 provides a market of “clean” pure magnificence merchandise. Bisharat talked about her private journey towards launching the corporate after an extended profession working in advertising for firms resembling Amazon and Eventbrite.
And Chain Reaction recapped a panel that Jacquelyn moderated stay on the Avalanche House occasion that happened in Seoul, South Korea, throughout Korea Blockchain Week. The panel centered on the largest alternatives and challenges dealing with web3 enterprise, that includes audio system like Dan Sun, the startup success supervisor for web3 APAC lead at Google Cloud, and Gagan Mac, the pinnacle of product and senior director of web3 companies at Circle.
TechCrunch+
TC+ subscribers get entry to in-depth commentary, evaluation and surveys — which you already know in case you’re already a subscriber. If you’re not, take into account signing up. Here are a couple of highlights from this week:
Antitrust and generative AI: The Federal Trade Commission (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 will likely be near “decacorn” standing.
Fintech’s reckoning: Some fintech firms are weathering the macroeconomic storm higher than others and seeing an finish in sight. In specific, startups utilizing AI to combat cash laundering and fraud appear to be having fun with tailwinds, Anna stories.
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