Tuesday, January 17, 2023

Apple powers up 14- and 16-inch MacBook Pro models with M2 Pro and Max chips

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By Christine Hall and Haje Jan Kamps

Tuesday, January 17, 2023

Good news — we are back with another round of events for TechCrunch, and we have early-bird tickets available to our Early Stage event in Boston in April. Woohoo!

Today, we also particularly enjoyed Connie's peek into the future as Sam Altman sees it.  — Christine and Haje

 image

Image Credits: Olly Curtis/Future / Getty Images

The TechCrunch Top 3

  • An Apple a day…: Get ready to take a big bite out of Apple. Kyle and Brian peel off the cover to unveil the consumer tech giant's M2 Pro and M2 Max chips that pack some power. The chips will be available in the 14- and 16-inch MacBook Pros, and if you are looking around for a new computer, the M2 Mac Mini arrives January 24, starting at $599.
  • Cloudy with a chance of embedded analytics: Nothing but blue skies so far for Cumul.io, a low-code embedded analytics platform for SaaS companies. The company raised $10.8 million to continue developing its business intelligence platform that quickly "connects just about any data source, drag-and-drop specific features to customize their dashboards, and then copy-paste a snippet of code into their application to serve thousands of end-users," Paul writes.
  • The headline says it all: We couldn't help but steal from the TC+ section because Tim's headline is just so good: "Nest co-founder Matt Rogers' new startup is trash." We won't ruin it any more for you.

Startups and VC

ChatGPT, the AI that can write poems, emails, spreadsheet formulas and more, has attracted a lot of negative publicity lately, Kyle writes. That's perhaps why AI21 Labs, an Israeli startup developing text-generating AI systems along the lines of ChatGPT, tried a different tack with its newly released assistive writing tool, Wordtune Spices. A part of AI21's expanding suite of generative AI, Wordtune Spices doesn't compose emails and essays like ChatGPT. Instead, it suggests options that change the voice and style of already written sentences, also offering up statistics from web-based sources to "strengthen arguments."

Apropos robots that write…On the heels of raising at a $1 billion valuation last week, DeepL is taking the wraps off a new language product, the first extension for a startup that made its name from its popular AI-based translation tools, Ingrid, er, writes. Write is a new tool that fixes your writing — catching grammar and punctuation mistakes, offering suggestions for clarity and more creative phrasing and (soon) giving you the option to change your tone.

There was a lot of fun startup news on the site over the past few days, so it was hard to choose just five to load up in our little recommendation engine, but here's what we came up with:

7 space tech predictions for 2023

At the time of this writing, Wikipedia notes that there have been eight successful spaceflight launches so far this year.

New spaceports are entering operation, cell phone users will soon have connectivity from space, and the Artemis program backed by NASA is one of several ventures that will bring robots (and eventually human crews) to the moon.

“Despite the economic uncertainty, we believe new records will be established in spacetech as giant commercial projects get funded,” says Mark Boggett, CEO and co-founder of Seraphim Space Manager LLP.

Three more from the TC+ team:

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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7 space tech predictions for 2023 image

Image Credits: Orlando Sentinel / Getty Images

Big Tech Inc.

Extra, extra, read all about how the Royal Mail confirmed a cyberattack that disrupted postal service in the United Kingdom. Carly writes that the confirmation comes a week after the Royal Mail said it was hit by an unspecified "cyber incident” that caused it to not be able to dispatch items overseas. CEO Simon Thompson said he didn't believe customer data was compromised, but notified authorities in case that changes. Some reports say the LockBit ransomware group is behind this, and Carly is working on confirming that.

And we have five more for you:

Read more stories on TechCrunch.com

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Friday, January 13, 2023

2 Tesla models qualify for EV tax credits after company marks prices down by 20%

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Friday, January 13, 2023

The team who went to CES is back at their desks. If you missed the barrage of stories — or simply couldn't stay on top of them — Brian wrote up an amazing CES 2023 debrief. Give that a skim, and you'll be safe in the knowledge that you didn't miss anything major as you grab your favorite easy chair and a book to settle in for the weekend.  — Christine and Haje

 image

Image Credits: Tesla

The TechCrunch Top 3

  • Slasher movie, but IRL: Tesla is reducing its prices again, this time for U.S. buyers, by as much as 20%, Kirsten reports. This new lower base, which dips below $55,000, "is important because it allows buyers to qualify for the $7,500 federal tax incentive," she writes.
  • Claws out: Fintech startup Mayfair debuted its high-yield APR for businesses, buoyed by $10 million in funding from investors like Tiger Global. Mary Ann has more on how the company is able to offer such a high interest rate.
  • If A then B: Manish writes about Google warning India that if its antitrust ruling is allowed to stand, it will pose a threat to national security and cause Android device prices to rise in the region.

Startups and VC

It seems like SPACs aren't completely dead yet, as World View, a company developing stratospheric balloons for Earth observation and tourism, is heading to the public markets, Aria reports. The company announced Friday that it would merge with special purpose acquisition company (SPAC) Leo Holdings Corp. II in a deal worth $350 million, as it seeks to build out what it calls "the stratospheric economy."

And we have five more for you:

You're not going to grow into your 2021 valuation

Many, if not most, of the founders who are attached to their 2021 valuations are living in a fantasy, according to Jeremy Abelson and Jacob Sonnenberg of Irving Investors.

For this TC+ post, they worked out “the simple math behind how long it will take companies to price their IPO at a flat round to their previous 2021 valuations.”

Companies with 75% YoY growth “can entertain the discussion,” but “if you are growing sub 30%, there is a strong chance that growing into your 2021 valuation is impossible.”

Three more from the TC+ team:

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!

Read More

You're not going to grow into your 2021 valuation image

Image Credits: nfsphoto / Getty Images

Big Tech Inc.

Are you scooting around Paris right now? Well, this could be your last time. Romain has a lengthy look at how scooters in Paris are at a crossroads as the city ponders whether to put the brakes on renewing contracts with three companies. As Michael Scott said, "Buckle up, it's going to be a bumpy one."

Meanwhile, Sarah and Kirsten paired up on a scoop that Tokyo-based news aggregator SmartNews laid off 40% of staff in the U.S. and China.

And we have five more for you:

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

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