Thursday, February 15, 2024

Apple broke something on purpose

TechCrunch Newsletter
TechCrunch PM Logo

By Christine Hall

Thursday, February 15, 2024

Good afternoon, and welcome to your TechCrunch PM edition. You liked our testing of Google's Gemini so much that you helped it propel to one of the top reads today. You also get a twofer in more Gemini developer news. And if you were waiting for prices to come down on one of Lucid's cars, you're in luck. Also on the docket for today: an answer as to why iPhone web apps are broken in the European Union. Enjoy!

Christine

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Image Credits: Apple

TechCrunch PM Top 3

EU iPhone users got a trick, not a treat: It seemed like a bug was behind the broken iPhone web apps in the European Union, but no, that's just Apple. The consumer tech giant took to its website to explain that it is blaming the new EU regulation, the Digital Markets Act, for the change, saying that the complexities involved with the DMA's requirement to allow different browser engines is the root cause.

Is Google's Gemini any good?: Yes and no. Kyle ran the Gemini chatbot through a battery of tests that included asking over two dozen questions. See how it fared. Also, Google is expanding the range of Gemini large language models it is making available to developers on its Vertex AI platform.

OpenAI's Sora looks sorta good: One of the critiques of AI-generated videos is that they look . . . well, fake. Enter OpenAI, which today unveiled Sora, a generative AI model that creates video from text. And some of its early examples "are impressive," according to Kyle.

TechCrunch PM Top 3 image

Image Credits: TechCrunch

More top reads

Cash App takes on Apple: Cash App's answer to Apple boosting its interest rate for the Apple Card savings account to 4.5% annual percentage yield (APY) is for Cash App to now offer "up to" a 4.5% APY for its Cash App Savings customers. Meanwhile, Meta wants in on the fun and said it will soon pass on Apple's 30% service charge to its customers. Let the games begin.

Lucid's prices got low, low, low, low, low, low, low: Lucid Motors dropped the prices of three of its models, including the base model Lucid Air Pure, which now comes in at just under $70,000. That's not all — there is also a deal toward the purchase of a home-charging solution and it includes some free scheduled maintenance.

TikTok, the Apple Vision Pro version: TikTok launched a native and refreshed app for the Apple Vision Pro. Updates include a more immersive viewing experience, the navigation bar and like button are moved off-screen to allow for full-video viewing, and the comment section and creator profiles appear as expansions on the side of the feed.

The heat is on: Some states are trying to move quickly to get millions of heat pumps installed in homes. Arch, a software company that caters to HVAC installers, said it can help with that.

Clickbait: A new app called Bulletin is leveraging AI to help remove clickbait and summarize the day's news. In a way, it is picking up where Artifact left off.

Don't get dizzy: Now that you've got Apple's Vision Pro at home, here's how to avoid the dreaded virtual reality sickness, or treat it if it's already here.

What’s going on at Variston?: The Barcelona-based spyware startup is showing signs of cracks amid staff leaving and some of its secrecy exposed. It’s hard to know exactly what’s going on because the company and employees have really subscribed to “the first rule of Variston is that you don’t talk about Variston.”

More top reads image

Image Credits: NurPhoto / Contributor / Getty Images

On the pods

This week on Chain Reaction, Jacquelyn interviewed Yat Siu, co-founder and executive chairman of Animoca Brands. Yat co-founded Animoca in 2014, and since then it has invested in over 400 web3 projects across a range of sectors like DeFi, education, infrastructure, blockchain gaming and the metaverse. Jacquelyn and Yat discuss the importance of digital property rights, growing NFT communities and what makes a project stand out from others. Listen here.

On the pods image

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Bluesky and Mastodon users are fighting over the future of social

TechCrunch Newsletter
TechCrunch AM logo

By Alex Wilhelm

Thursday, February 15, 2024

Good morning, and welcome to TechCrunch AM for February 15, 2024. Remember Evernote? The note-taking app that everyone used when Android and iOS lacked anything that could compete? Well, the app's parent company has raised a huge round now.

Today's newsletter also features a look at the future of distributed social networking; new AI tech that is flaunting major progress; and drugs made in space. As TechCrunch's resident science-fiction nerd, I can't resist anything that involves rockets and space, so I'm all for that last bit. Let's dive in!

Alex

TechCrunch Top 3

  1. Evernote's parent raises $155M: Bending Spoons, the Italian mobile app company that owns Evernote, Meetup and photo-editing service Remini, has raised a nine-figure round at a $2.65 billion valuation. The company is expected to make more acquisitions with its latest capital infusion, and could generate $500 million worth of revenue this calendar year.
  2. Bluesky and Mastodon are fighting for the soul of social media: While the market praises Meta's financial performance, two smaller social companies are sorting out whether or not they want to play nice with one another. Bluesky and Mastodon are decentralized social networks, but on different protocols. Should third-party developers be able to bridge them? (Bluesky CEO Jay Graber also argued recently that Meta's choice to not recommend political content on some of its platforms is evidence of why her company's model is superior.)
  3. How lucrative is investing in crypto startups? After a largely miserable 2023, web3 startups are starting 2024 with a much better outlook. Crypto prices are up, bitcoin spot ETFs are racking up numbers, and spot-trading levels have risen since last summer's lows. Still, it appears venture investors aren't making as much money as you'd think from their crypto investments.
TechCrunch Top 3 image

Image Credits: Bending Spoons

Don't miss these

Text-to-speech AI models are getting smarter: LLMs get lots of attention for their ability to write intelligent sentences, but text-to-speech AI models are also advancing rapidly. A team at Amazon recently discovered that as they increased the data size to create "the largest ever text-to-speech model yet," the resulting technology got much better. Indeed, the model started showing "emergent" capabilities to handle very complex sentence structures, Amazon's team said.

Space drugs cleared for landing: Varda Space, a startup that wants to take drug manufacturing into orbit, has been cleared to bring back its low-gravity-produced pharmaceutical crystals to the planet. The company took a while to get the approval, but this marks a key step for the startup – and for the rest of us who could benefit from specialized, in-orbit manufacturing.

Alibaba looks to shed IRL stores: When Alibaba started touting the idea of "new retail" that would meld online and offline shopping in 2017, the Chinese e-commerce giant held a very different market position (for context, its share price was higher in 2017 than it is today). Since then, new rivals have taken to the battlefield, and Alibaba itself went through the regulatory wringer. Now, the company wants to divest some of its physical retail businesses.

Solar startup Arnergy catches $3M worth of fresh rays: The Nigerian power grid has a long way to go before it can meet the country's energy needs. Arnergy wants to improve the situation by bringing solar power and batteries to more businesses and homes. After raising a $9 million Series A back in 2019, the company recently returned to raise a modest bridge round. Solar power is getting cheaper and battery tech is slowly improving as well, so the combination holds a lot of potential for Arnergy.

GM is taking its self-driving tech to the country: If you own a GM vehicle, you may be familiar with Super Cruise, the company's hands-free driving technology that has so far been quite limited in terms of where it could be used. In 2022, GM expanded its total purview to more than 400,000 miles of roads in the United States and Canada. Now, the automaker is targeting 750,000 total miles, which will include "rural and minor highways that often connect smaller cities and townships," Kirsten Korosec reports. As long as self-driving cars continue to improve, I am content. Driving is the worst.

Don't miss these image

Image Credits: Carol Yepes / Getty Images

Before you go

TechCrunch is heading to MWC, and we'd love to meet your startup. TC Early Stage is also rapidly approaching, and we're hosting an intimate event in LA later this month that will feature the co-CEO of Waymo and Signal's Meredith Whittaker. Come hang out!

Before you go image

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