Tesla’s latest Model S and Model X price drops deliver smiles (but fewer miles)

TechCrunch Newsletter

By Christine Hall Tuesday, August 15, 2023

In today's top story, Tesla has a new, lower-priced option for commuters who don't need as much range. Check it out. And Tesla is doing some explaining in China to reassure the government about its data security amid spying concerns. Meanwhile, for those of you out making memories, Google wants to make sure they are shown to you in an extra special way: Google Photos added a scrapbook-like Memories view feature aided by AI. See how it works. And unfortunately for venture capital associates, artificial intelligence is coming for your jobs. Here’s how. Image Credits: seksan Mongkhonkhamsao / Getty Images

More top reads Oh, hello there: Our world is getting increasingly full of conversation with our devices. Enter Voiceflow, a platform for building those conversational AI experiences. See how it will put $15 million to work. Extraction: No need to create custom code to get at your website data — Browse AI helps companies build bots to scrape all of that website data and put it to work. Read more. Beep beep: Zeelo, a "smart bus" startup for employers and schools, secured $14 million and has plans to scale in the U.S. Get on board. The search is on: Google's AI search experience adds AI-powered summaries, definitions and coding improvements. Read on. Don't let your friends slip away: Time moves pretty quickly. One day you were hanging out with your friends, the next it's been a month. Meet Catchup, an app for reminding yourself to check in with friends and loved ones. It's time to say "hello." Through the storm: We live our lives on the internet, so losing power and internet puts a crimp in our ability to stream. Comcast comes to the rescue with a new Wi-Fi extender that provides cellular and battery backup during storms. Prepare yourselves. Shining a light on foreign exchange: Finofo secured funding to challenge traditional foreign exchange with an automated solution. Read more. Guess who's hacking your email?: One U.S. lawmaker says that the FBI notified him of an email breach linked to the Microsoft cloud hack. This is his story. Streaming everything everywhere all at once: It's official — linear TV viewing sinks below 50% as streaming soars to new heights. See which services top the list. Merge ahead: ElectraMeccanica plans to merge with electric truck startup Tevva. Find out why this is a pivot for ElectraMeccanica. Content conundrum: YouTube is doing some new things, including cracking down on videos promoting "ineffective" cancer treatments, and adding a TikTok-style "Samples" short-form video feed. More for your Tuesday: Setapp announces plans to launch an alt app store for EU users How Pilea helps founders break down stigma around mental health (TC+) The pre-seed market is recovering, but investors increasingly have the upper hand (TC+) Substack expands further into social networking with a new 'Follow' button Worldcoin ignored initial order to stop iris scans in Kenya, records show Image Credits: Carol Yepes / Getty Images

NVIDIA Partner introduces Supercomputers as a New Asset Class Sponsored by NexGen Cloud, NVIDIA Elite Partner In the first offering of its kind, IaaS provider NexGen Cloud is giving investors the opportunity to purchase its cloud servers, purpose built to power AI workloads. Targeting 30-50% annualized returns on this income-producing hands-off asset. Download Free Guide

Sure, AI is hot, but is it an actual market or a platform piece? Given the hype around generative AI, it’s easy to forget that IBM Watson competed on “Jeopardy” in 2011 — and won a $1 million first-place prize. For years, enterprise software companies have baked this tech into many of their offerings, such as Salesforce’s Einstein and Microsoft Cortana. “As we find ourselves in the midst of this AI-induced frenzy, it could be useful to take a step back and see just what we are dealing with here,” writes Ron Miller. “Is there actually an AI market in the pure sense, or is it enabling technology that will soon be built into everything, making how we view it less clear?” 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 Image Credits: Surasak Suwanmake / Getty Images

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Here’s what happened when MOVEit hackers targeted IBM

TechCrunch Newsletter

By Christine Hall Monday, August 14, 2023

Today's top story brings us even more information on the MOVEit hack. This time, Carly Page reports that hackers gained access to millions of Americans' health data after setting their sights on IBM. Find out how deep this goes. Meanwhile, the artificial intelligence industry racked up another $100 million in venture capital when Korean telecommunications giant SK Telecom made it rain for Anthropic. See what this means for a couple of former OpenAI leaders. Now over to Mastercard, which agreed to purchase a minority stake in MTN, Africa's largest cell phone provider, which is valued at $5.2 billion. Read more. Image Credits: Lino Mirgele / Getty Images

More top reads Smarter customer reviews: Amazon is now using generative AI to help customers better understand what a fellow customer says about a product. The more you know. Meet PayPal's new CEO: Senior Intuit exec Alex Chriss will be PayPal's new CEO starting in late September. Read more. "Make in India" campaign paying off: India's local manufacturing initiative spurs 2 billion mobile unit shipments. Get the scoop. Sir, your Telegram: Iraq lifts its ban on Telegram after the messaging app complies with authorities. Meanwhile, the app rolls out its Stories feature to all users. All things that go vroom: Nikola shares tank after EV maker recalls its battery-electric big rigs. Ford has its own hands-off driving tech, available by subscription; meanwhile, meet the new head of its software services unit. Finally, Altos challenges lidar's dominance in autonomous driving with 4D image radar. Layoff report: CoinDesk will cut staffing ahead of potential sale, while Secureworks layoffs affect 15% of its staff. Catch up on our 2023 layoff-tracking list here. Don't pay attention to the man behind the curtain: Researcher says they were behind iPhone pop-ups at Def Con. Read more. Bringing the store to you: Robomart is banking on "store-hailing" to bring self-driving stores directly to customers. Find out how. Your vet will see you now: Mixlab adds to the veterinary pharmacy footprint following a $10 million Series A extension. See how they are helping furry friends. More for your Monday: Netflix begins testing its games on TVs and computers in Canada and UK Brex expands into group events while Mesh Payments moves into travel Web3 gaming adoption is skewing toward Asia, and the rest of the world may have to play catch-up (TC+) India, the world's largest smartwatch market, is getting new smart rings Image Credits: David Paul Morris/Bloomberg / Getty Images

Enterprise spending on cybersecurity has changed, and vendors must adapt YL Ventures’ Sara Behar writes about how a recent report by the firm, based on data pulled from surveying Fortune 1000 CISOs (chief information security officers) and cybersecurity decision-makers, is shedding light on the impact of the down market on buying behavior, how security strategies are evolving in response and how customer interactions with vendors have changed as a result. The biggest takeaway? Half of CISOs can still accommodate new solutions, and, contrary to low expectations, 45% of cybersecurity budgets remained unchanged or have even been increased. Specifically, a third of respondents (33.3%) report unchanged budgets and 12.2% saw their budgets raised. 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 Image Credits: herreid14 / Getty Images

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 $400 when you buy your pass now through September 18, and save 15% on top of that with promo code DC. Learn more. Read More

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