Monday, June 5, 2023

Here’s all of TechCrunch’s reporting from day one of WWDC 2023

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By Christine Hall

Monday, June 05, 2023

Today, our team brings you all of the ooey, gooey Apple WWDC 2023 keynote goodness, including everything about the Vision Pro AR. How do I know? I was keeping up with them the whole time. Don't worry, not everything is Apple related today. We also have cuts at Spotify and some news about the Clop ransomware gang. This is your Daily Crunch for Monday.

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Image Credits: Getty Images

Colleagues banked over 40 stories related to today's Apple WWDC 2023. By far the most popular unveiling had to do with Apple's Vision Pro AR headset. It's going to set you back $3,499, but it has a boatload of features, including "EyeSight," which uses a front-facing display to reveal your eyes to other people in the room so you're not just behind some goggles. In addition, the user interface is more suited to everyday tasks, like email, rather than gaming, which is a departure from the norm. "With Vision Pro, you're no longer limited by a display," Apple CEO Tim Cook told the crowd at the keynote address. Get highlights from the keynote address here.

More from today that tickled your fancy:

Now let's go over to Spotify, where the music-streaming company said it will cut 200 jobs within its podcast unit. This comes three years after the company made some big investments on podcasts. While these particular cuts are new, layoffs at Spotify are not. The company made significant cuts earlier this year. Find out more.

Following last week's MOVEit Transfer hack, the first victims of the attack are coming forward. One of these is British Airways. MOVEit is a file-transfer tool used by enterprises to share large files over the internet. Some patches have already been developed. Get the scoop.

Pass the key: Business users on Google Workspace and Cloud are now able to get support for passkeys. Read more.

Healthy growth: Helium Health brought in $30 million from a group of backers, including AXA IM Alts and 23andMe's Anne Wojcicki. The company offers SaaS tools for healthcare providers and public health organizations. Find out more.

Read my comments, no new changes: Multiple subreddits and moderators are none too happy about Reddit's API changes. Read about what's going on.

Deep tech startups have a new fund: IQ Capital closed on $200 million in capital commitments for a fund that will focus on investments into deep tech–focused startups in Europe. Read more.

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Image Credits: Brian Heater

Meanwhile, the U.S. Securities and Exchange Commission filed a lawsuit on Monday that accuses Binance and its CEO Changpeng Zhao of allegedly mishandling funds and lying to regulators. Read more. You can see a more in-depth view of what's happening in the TC+ section.

Over in India, the country's open e-commerce network is expanding to business-to-business transactions. Why? The country is trying to create a standard. Learn more about what that will entail.

SpaceX has resupplying on lock. The company launched some cargo to the International Space Station with over 7,000 pounds of items. Try to guess what was inside.

At the helm: Ron Miller was able to sit down with new Salesforce CEO Lidiane Jones to discuss her transition into the role. Read more (requires a TC+ subscription).

Web3 without the crypto: Now let's take a peek into China's stance on web3. Much of web3 has surrounded cryptocurrency and NFTs, but now you can find out how China has been carving out its own path with web3 that excluded crypto-related ventures.

So what if it's false?: YouTube reportedly was slow to enact measures to disallow misinformation during the 2020 election, and now the company is getting rid of them altogether. Read more.

In the driver's seat: If you own a new Tesla Model 3, you're in luck — it qualifies for the $7,500 in federal electric vehicle tax credit. Learn more.

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Image Credits: Ben McShane / Sportsfile / Getty Images

City Spotlight: Atlanta

On June 7, TechCrunch is going to (virtually) be in Atlanta. We have a slate of amazing programming planned, including the mayor himself, Andre Dickens. If you are an early-stage Atlanta-based founder, apply to pitch to our panel of guest investors/judges for our live pitching competition. The winner gets a free booth at TechCrunch Disrupt this year to exhibit their company in our startup alley. Register here to tune in to the event.

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City Spotlight: Atlanta image

Image Credits: Bryce Durbin

FedNow instant payments are about to unlock fintech investment opportunities

Launching this summer, FedNow is a new initiative by the U.S. Federal Reserve that will enable instant payments 24/7/365.

Because the platform will offer lower transaction costs and real-time settlement, Fika Ventures managing partner TX Zhuo says it will create new avenues for fintech companies of every size, “the effects of which could be realized as early as next year.

Here's three more from the TC+ team:

SEC's lawsuit against Binance and CEO Zhao was a matter of 'when, not if,' industry players say.

How far have Twitter's advertising revenues fallen?

6 investors explain why they are bullish about Japan's startup scene despite an uncertain economy.

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Image Credits: John Lund / Getty Images

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Friday, June 2, 2023

VW says its retro-style three-row EV minivan ‘brings the halo effect to our brand’

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By Christine Hall

Friday, June 02, 2023

Today, get a look inside Volkswagen's new electric minivan, scammers advertise on government websites, and two executives decided it was time to go. Next week is going to be busy: We've got Apple WWDC 2023 starting June 5 and TechCrunch Live is taking an online road trip to Atlanta on June 7. This is your Daily Crunch for Friday.

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Image Credits: Volkswagen/James Lipman

If you've been patiently waiting for Volkswagen's new ID.Buzz, I hope that patience continues a little while longer. We found out that this cool electric minivan will not be available for another year. Now check out all the ins and outs of this vehicle, which VW is hoping will elevate its entire brand.

NestAway, an India-based proptech company once valued at over $225 million, is being acquired by competitor Aurum for $11 million. Get the scoop.

Most of us are constantly on our phones, so it shouldn't come as a surprise that one of our Big Tech favorites is reportedly considering offering a low-cost or possibly free mobile service. Find out who that is.

When you know, you know: Word came down late yesterday that Twitter's trust and safety lead Ella Irwin resigned. Not much has been uncovered yet as to why, so stay tuned. Meanwhile, over at AWS, Puneet Chandok, the company's India and South Asia head, resigned in a surprise move. Find out more.

Shop and save: Shopify's Shop app unveils a new Shop Cash rewards program that has users earning 1% back on purchases made using the online checkout service. Find out how it works.

Sound the alarm: In today's cybersecurity news, a company file transfer tool used by thousands of companies is being targeted by hackers. Learn more. Plus, scammers published ads for their hacking services on government websites. Get the scoop.

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Image Credits: Gorodenkoff / Getty Images

Meanwhile, if you detect some clickbait, there's an app for that. The Artifact news app now uses AI to rewrite the headline of a clickbait article. Find out more.

It's time to drop the price like it's hot. Shadow, a Dropbox-like cloud storage service, is cutting the price of Shadow Drive. Learn how low they will go.

But what happens if you're already hot? That's what YC-backed Dumme is finding. The company, developing an AI video editor that turns long-form YouTube videos into Shorts, raised $3.4 million and is seeing loads of demand before launch. Read more.

And don't miss out on these stories:

Lumari is a new social sandbox game with cute creatures, building capabilities and more

YouTube TV brings the Tennis Channel back three years after removing it

After Stratasys and Desktop Metal announce merger plans, 3D Systems proposes acquisition

Snapchat's AI bot isn't very smart, but at least it won't send nudes

Lenovo's Yoga Book 9i realizes the full potential of a dual-screen laptop

Fidelity has cut Reddit valuation by 41% since 2021 investment

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Image Credits: Getty Images

City Spotlight: Atlanta

On June 7, TechCrunch is going to (virtually) be in Atlanta. We have a slate of amazing programming planned, including the mayor himself, Andre Dickens. If you are an early-stage Atlanta-based founder, apply to pitch to our panel of guest investors/judges for our live pitching competition. The winner gets a free booth at TechCrunch Disrupt this year to exhibit their company in our startup alley. Register here to tune in to the event.

Read More

City Spotlight: Atlanta image

Image Credits: Bryce Durbin

Many startups are built off research, so why don't more scientists become founders?

Scientists generally have hands-on experience with managing budgets, shepherding complex projects and raising funds, but many investors still don't see them as founder material.

On the Found podcast, Rebecca Szkutak and Dominic Madori-Davis interviewed Dr. Stacy Blain, co-founder and chief science officer at Concarlo Therapeutics, about the challenges she faced when transitioning into tech from academia.

"The beauty of being a scientist is that we can learn a lot," she said. "That's what we've been trained to do for decades: Look at a situation, figure out what's important, troubleshoot and learn the appropriate things.

Two more from the TC+ team:

The web3 winter isn't going to thaw anytime soon.

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

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Thursday, June 1, 2023

Days before Apple is expected to release its headset, Meta unveils the $499 Quest 3

TechCrunch Newsletter
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By Christine Hall

Thursday, June 01, 2023

Today, Meta has a brand-new Quest headset, BeReal lets you chat ForReal, and a lot of people want a free Telly. This is your Daily Crunch for Thursday.

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Image Credits: Meta

First, Walmart's got a brand-new bag — yours. The retail giant is allowing customers to bring their own bags to pick up orders now in a move to reduce the amount of plastic bags it uses. Read more.

Artificial intelligence is now powering the way you create images in Microsoft Teams. Provide text or uploaded images into Designer, and it spits out a finished product. Find out how.

Find out what happened at Computex, which held its first in-person event since the global pandemic. We have your scoop on the elephants from that room.

Next, prepare to get your game on, because Meta unveiled its Quest 3 headset that will be arriving this fall. To make this news even sweeter, there will be over 20 new games for Quest headsets coming as well.

Google liked what it saw and invested in hyperspectral imagery startup Pixxel. When I look at Pixxel's orbital imagery, I see smoke, but also a person. What do you see?

Startups focused on content generated by artificial intelligence applications have a new funding source: Chinese search giant Baidu has plans to create a venture fund with 1 billion yuan ($145 million). Now learn more about why.

We've got some big funding rounds here:

GetYourGuide books $194M at a $2B valuation with travel experiences back in business

Measurabl, an ESG platform for real estate, raises $93M

Lightmatter's photonic AI hardware is ready to shine with $154M in new funding

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Image Credits: Walmart

Now let's move over to a gaggle of Google news. First, Google Play Books has a new feature that will help new readers work on their mad skills. Meanwhile, Google Wallet has some new features that include support for QR-based cards and insurance cards. Oh, and Parisa Tabriz, who calls herself Google's "security princess," will be on the Disrupt stage in October. Learn more.

Speaking of security, we have reports of companies investigating breaches, including legal tech firm Casepoint, which got word from hackers that some of their sensitive data was compromised. Also, over at Russian cybersecurity company Kaspersky, some hackers reportedly infiltrated some employee iPhones. Find out what happened.

Remember in May when we told you about smart television Telly giving away free televisions? Well, the response has been so great a quarter million people have signed on to take advantage of the offer, which you will recall comes with watching a lot of ads. Read more.

You've got the look: Match Group has a new gay dating app for men called Archer that takes a social approach. Find your match.

Baby, talk is not cheap: BeReal users in Ireland are the first to get to test out a new chat feature. Get the scoop.

At a data loss: Ariga is pouring its new $15 million Series A into helping developers define database schema as code. Read more.

Leave no stone unturned: Platformatic, a new back-end development platform, raised $3.5 million to make it easier for enterprises to modernize their infrastructure. Find out more.

Bank on it: Revolut alums raised $3.7 million for Vault, a startup offering banking services to Canadian small businesses. See why this is so uncommon.

Now here's more:

No Man's Sky launches on Mac starting today

Developers of third-party Reddit apps fear shutdown because of API pricing changes

YouTuber Emma Chamberlain adds to coffee empire with a ready-to-drink line

New New York-meets-Warsaw VC fund brings in Japan partner to hunt for European startups

AMC and Vudu score big with new on-demand streaming partnership

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Image Credits: Leon Neal / Getty Images

Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders

According to one estimate, founders who identify as LGBTQ+ receive less than 1% of startup funding. To kick off Pride Month, Crunchbase announced today that it has started measuring how much venture capital flows to members of this community.

"Having concrete data helps in advocating for policy changes, funding initiatives and resource allocation to support LGBTQ+ entrepreneurs," said Ryan Husk, Crunchbase's director of business development.

“It enables us to make evidence-based arguments for greater equity and access within the startup ecosystem.”

Three more from the TC+ team:

Ceibo unearths $30M Series B to extract more copper out of existing mines

Many startups are built off research, so why don't more scientists become founders?

Startups may have room to innovate as enterprise providers puzzle out how to price AI tools

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there's something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC. Learn more.

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