Friday, January 26, 2024

How Mercedes-Benz accidentally exposed internal data

TechCrunch Newsletter
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By Christine Hall

Friday, January 26, 2024

Good afternoon and welcome to TechCrunch PM. It might be Friday, but the news never sleeps. Today we dig into what happened when Mercedes-Benz left a private key exposed online, why tech layoffs don't seem to be stopping, and how Microsoft is making lemonade out of lemons. Have a great weekend! — Christine

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TechCrunch PM Top 3

How a mistakenly published password exposed Mercedes-Benz source code: It all started with a routine internet scan that discovered a Mercedes employee's authentication token in a public GitHub repository.

Yes, the tech layoff surge you are feeling is real: Tech layoffs were trending down in the last half of 2023, and then 2024 came and had to mess everything up. Over on TechCrunch+, Alex Wilhelm and Anna Heim look at tech layoff data to tell us what's going on.

NSA is buying Americans' internet browsing records without a warrant: Call it a "legal gray space" if you will. However, until a U.S. court says otherwise, the agency will continue to argue that method is perfectly legal. Bad news for Kevin Malone.

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More top reads

Microsoft says Russian hackers targeted others: One week after revealing it was a victim of a hack carried out by Russian government spies, Microsoft writes in a blog post that it wasn't the only one. And it's being a good friend and notifying those other organizations.

Robotics as a service: Chef Robotics is ready to whip up some commercial business after raising $14.75 million in an equity/debt combo. Automation in the kitchen can be a costly endeavor for restaurants where profit margins are often low. However, Chef Robotics wants to focus on food assembly instead of cooking.

Inside Apple's EU changes: Apple dropped some iOS changes yesterday related to the European Union's Digital Markets Act. Now it's piloting a program for "contingent pricing" for developers to make the App Store more appealing. Also, we wouldn't be TechCrunch if we didn't take a closer look at what all of this means.

When the name of the song is on the tip of your tongue: The Shazam app now has a feature that lets you identify music you hear on a TikTok or YouTube video while wearing headphones. This is something that was available, but not a feature you could do while wearing headphones.

Three UK councils still down following cyberattack: The councils for Canterbury, Dover and Thanet — all based in the U.K. county of Kent — say their council tax payments and online forms are still disrupted one week after confirming a cyberattack had knocked some systems offline.

What did they say?: Apple Podcasts now offers auto-generated transcripts as part of changes in iOS 17.4. It's only in four languages currently. If you're like me and miss portions of your true crime stories because you're deep in story-writing mode, at least you can better find where you left off.

Pitch Deck Teardown: Over on TechCrunch+, Haje Jan Kamps dissects Doola's $1 million strategic investment deck and tells us how the business-in-a-box startup did.

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On the pods

This week on Equity, Plural VC announces a new fund, Fantuan teams up with Chowbus, and Vroom leaves the car-selling business. We’ll also chat through what’s happening over at Brex and why edtech might not be in the dire straits that many presume that it is. Listen here.

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Tesla predicts muddy roads ahead for EV sales

TechCrunch Newsletter
TechCrunch AM logo

By Alex Wilhelm

Friday, January 26, 2024

Good morning and welcome to TechCrunch AM for Friday, January 26, 2024. Today we have a treat for you: India's first AI unicorn, the latest on Apple's slowly opening mobile OS, an insurtech acquisition, a new venture fund in Denmark, and news from Japan's lunar lander. To work! – Alex

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TechCrunch Top 3

  • UK mobile merger under scrutiny: The U.K. government is putting together a formal probe into the proposed merger between Vodafone and Three UK. If the deal went through, the U.K. would see its number of major mobile providers fall from four to three. Startups, the lesson here is that antitrust fervor is not merely a U.S.-based phenomenon, and large deals around the world are getting closer looks.
  • India mints first AI unicorn: It's fitting that India's first AI unicorn is also the fastest company in the country to ever reach a $1 billion valuation – AI startups are operating in a 2021 venture world. Krutrim, the startup in question, is building an LLM that is "trained on local Indian languages in addition to English," TechCrunch reports.
  • Fortnite, Epic Games Store coming to iOS: In Europe only, we hasten to add. To comply with the European Digital Markets Act, Apple will allow users of its mobile OS to install apps from outside of its in-house App Store. That means new app stores, albeit with heavy rules and fees attached to them. Have fun battle-royale-ing on the go, Europe.
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Don't miss these

Troubled French insurtech Luko finds new home: Allianz Direct is buying the last remaining piece of Luko, a French startup that works in the home insurance business, for €4.3 million. For Luko, the deal marks the end of an ascent and fall that TechCrunch likened to a "roller-coaster ride" due to its ups and downs. 

OpenAI responds to Congressional Black Caucus: TechCrunch viewed a response sent by private AI company OpenAI to the Congressional Black Caucus, which said that it is working on building a more diverse board. In the wake of the 2023-era, OpenAI leadership fracas, the company's leadership became even more male and white. Given issues with AI tech involving explicit and implicit biases in some models, the question of diversity in oversight of new artificial intelligence products is material and pressing.

Say hello to a new Danish venture fund: Kost Capital is putting together a €25 million fund, backed in part by Danish sovereign fund EIFO for what it's worth. The firm wants to invest in businesses that may underpin the future of food. The timing of the fund could be auspicious, with TechCrunch writing that "food tech is having a moment in Europe" today.

Growth is not (always) enough: On the back of 90% growth in 2023, Veho is cutting 19% of its staff, or around 65 jobs. Certainly this is not the largest layoff we have seen in recent days, but the news does underscore that even startups that are posting quick revenue expansion are not immune from pressures to lower their cost basis. Veho works in the shipping space, including offering last-mile deliveries in dozens of markets in the United States, with a focus on the Northeast.

Bill Gates is excited by humanoid robots: There's an argument in the realm of robotics that, as we have built a world that works for human-shaped entities, human-shaped robots have a good shot at fitting into our daily lives. Bill Gates is a fan, it turns out, and has notes on several upcoming humanoid robots. Please, tech companies, we all want this. We hate doing dishes.

The Solana phone is booming? Making a new mobile platform is hard work. Just ask Microsoft – RIP Windows Phone. Making a new mobile platform that is also web3-ready? It turns out that might be possible. Solana Mobile's first handset sold out, and it has a second handset with even higher sales goals. But it might not be a super viable platform for decentralized apps until it can sell even more handsets, which might take until it gets a third-gen device into the market. Still, getting even that far is a rare feat for companies trying to build a new mobile platform.

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Before you go

Japan lands on the Moon: Executing a 'soft' landing on the Moon is so complicated that only five nations have ever managed the feat, a figure that now includes Japan. However, TechCrunch reports, issues during its lander's landing process led to the piece of hardware landing upside down. Sure, it's slightly amusing to imagine a lunar lander going all turtles on its final descent, but the recent Moon craze is likely good news for space exploration more generally, so I refuse to make any humorous comments. To the moon, literally!

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Image Credits: The Japan Aerospace Exploration Agency

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