For Your Information Blog: 05/06/23

Monday, June 5, 2023

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

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.

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.

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.

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.

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.