Technology
Why Wiz Really Turned Down Google’s $23 Billion Offer
Welcome back to the week in review. This week we’re attacking you right after TechCrunch Disrupt! In case you missed it, we’re revisiting conversations with Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star-turned-space CEO Bridgit Mendler. Of course, we even have news from the remainder of the tech world. Let’s do it.
Why did Wiz reject $23 billion? Wiz co-founder and CEO Assaf Rappaport said during TechCrunch Disrupt that turning down Alphabet’s offer was “the hardest decision ever,” but they did it because they believed the cloud security space was a possibility for the $100 billion company. At the time Wiz rejected the offer, the startup’s private valuation was $12 billion. The president admitted that he also had other offers, although none were as big as Google.
Apple had per week filled with discoveriesincluding the most recent additions to its M-series chips. The company unveiled the brand new M4 Pro, which can debut alongside the tiny latest Mac mini and M4 Max, the latter of which can appear within the MacBook Pro line as an expandable option. Apple also refreshed its desktop accessories, switching them from Lightning to USB-C. But the Magic Mouse’s charging port still sits awkwardly at the underside.
Dropbox slows down 20% its workforce. In a letter to employees, CEO Drew Houston said the cloud company goes through a “period of transition” and that the goal is to make cuts in areas where Dropbox has “over-invested” while also designing a “flatter and more efficient” team structure. The employment reduction will affect 528 employees.
News
What is plagiarism? During TechCrunch Disrupt, Perplexity CEO Aravind Srinivas was asked how the corporate defines “plagiarism.” Srinivas didn’t say so explicitly, but he firmly stated that Perplexity “always cites its sources” and doesn’t claim ownership of any content. Read more
OpenAI could also be constructing its first AI chip: According to Reuters, OpenAI is working with TSMC and Broadcom to construct an internal AI chip to run AI models, which could appear as early as 2026. Read more
Turn your design into reality: Arcade AI is a brand new form of marketplace that permits customers to input their ideas right into a generator, which then generates a wide range of design options that might be dropped at life in the shape of tangible jewelry. Read more
From Disney Channel to CEO: Former Disney star Bridgit Mendler joined TechCrunch Disrupt to debate how she founded Northwood Space and why the space startup is committed to solving “unsexy problems.” Read more
AI involves recruiters: LinkedIn summarizes its latest artificial intelligence project: Hiring Assistant. The product is designed to perform a wide selection of recruiting tasks, from processing irrelevant notes to turning them into job descriptions, to sourcing and contacting candidates. Read more
Matt Mullenweg presents his case: The WordPress co-founder and CEO of Automattic told TechCrunch Disrupt that he isn’t fearful that the recent legal drama between his company and WP Engine may lead to a fork of the open-source WordPress software. In fact, he said he would welcome it. Read more
Olivia Wilde, VC: According to Bloomberg, actress and director Olivia Wilde quietly founded enterprise capital firm Proximity Ventures late last 12 months. The company has already signed 4 investments, including the biotechnology company Pendulum Therapeutics. Read more
Slice marks its presence in India: Fintech Slice has merged with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s highly regulated banking sector. The merger transforms Slice right into a banking entity after months of regulatory scrutiny. Read more
An easier solution to code: Announced at GitHub’s annual conference in San Francisco, Spark is an experiment began within the GitHub Next labs that lets you quickly construct a small web application using only natural language. Read more
Turn text right into a podcast: Meta has released an “open” implementation of the viral podcast generation feature in Google NotebookLM. A project called NotebookLlama can generate podcast-style repeating summaries of text files uploaded to it. Read more
Zoox calls Tesla’s bluff: Zoox co-founder and CTO Jesse Levinson doubts whether Tesla will launch a robot transportation service next 12 months. “The fundamental problem is that they don’t have the technology that works,” he told TechCrunch Disrupt. Read more
And the winner is…: The winner of the Startup Battlefield 200 competition at TechCrunch Disrupt was Salva Health. The company’s Julieta device is a conveyable, AI-powered breast cancer detection device that eliminates barriers to early screening, ensuring access even in distant areas. Read more
Technology
Mom and son Game Changer Academy founders help black gamers get 150,000. dollars in NIL transactions
Kendall Hamilton and his mother, Dr. Gigi, help Black gamers land lucrative name, image, likeness (NIL) deals and influence the industry through their organization Game Changer Academy.
In highschool, Hamilton rose to prominence as a player himself. Although his mother was initially concerned about his profession path, her support for Hamilton led to his promotion in Rocket League. Hamilton and his mother were among the many top ten players in the virtual game showing others Black families the right way to succeed in esports.
At Game Changer Academy, Hamilton is a performance improvement coach and mental health advocate. Thanks to his own success, he knows concerning the great opportunities the sport offers, akin to scholarships and NIL offers. Now he and his mother were working to make those offers available to other black players like him. So far, the mother and son duo have acquired over 150,000 for his or her clients. dollars.
As for Dr. Gigi, she uses her background in workforce development to help families turn passions into fruitful opportunities. She helped families learn the way gaming could lead on to scholarships and future offers. The licensed psychotherapist also wants to scale back the gap between black gamers and industrial success.
Their efforts are contributing to a greater emphasis on diverse players – 15% of them discover as black, in accordance with New Zoo. Understanding the potential financial gains from the booming industry, the duo stays committed to reaching Black youth captivated with esports to speed up their careers.
Their newest enterprise, Game On: Virtual Experience – Gaming, Mental Health, and Personal Development, hopes to proceed this mission. The event, which can happen on November 4, will connect players and inform them concerning the opportunity to shape their future in this industry. Additionally, there shall be speak about protecting your mental health while pursuing your passions while constructing an empire.
Game Changer Academy is diversifying the esports industry and preparing Black gamers to take the sector. Registration for the event is now open to all families with ready-to-play players.
Technology
Columbus says ransomware gang stole personal information of 500,000 Ohioans
The city of Columbus, the capital of Ohio, confirmed that hackers stole the personal information of 500,000 residents during a July ransomware attack.
In filing In an interview with Maine’s attorney general, Columbus confirmed that a “foreign threat actor” breached its network to access information including residents’ names, dates of birth, addresses, identification documents, social security numbers and checking account information .
Ohio’s most populous city, with about 900,000 people, said about half 1,000,000 people were affected, even though it didn’t confirm the precise number of victims.
The regulatory filing comes after Columbus was the goal of a ransomware attack on July 18 this 12 months by city officials he claimed “thwart” it by disconnecting your network from the Internet.
Rhysida, the ransomware gang accountable for last 12 months’s cyber attack on the British Library, claimed responsibility for the August attack on Columbus. At the time, the gang said it had stolen 6.5 terabytes of data from the Ohio city, including “databases, internal employee logins and passwords, a full server dump of city emergency services applications, and … access from city video cameras,” in response to local news reports.
Rhysida demanded 30 bitcoins, or roughly $1.9 million on the time of the cyberattack, as payment for the stolen data.
Two weeks after the cyberattack, Columbus Mayor Andrew Ginther told the general public that the stolen data was likely “corrupted” and “unusable.”
The accuracy of Ginther’s statement was called into query the day after David Leroy Ross, a cybersecurity researcher also often called Connor Goodwolf, revealed that the personal information of a whole lot of 1000’s of Columbus residents had been placed on the dark web.
In September, Columbus sued Ross, alleging that it “threatened to make stolen city data available to third parties who otherwise would not have readily available means to obtain stolen city data.” A judge issued a brief restraining order against Ross, stopping him from accessing the stolen data.
In a listing published Monday by TechCrunch on the leak site, Rhysida claims to have transferred 3.1 terabytes of “unsold” data stolen from Columbus, amounting to greater than 250,000 files.
Technology
Threads now has 275 million monthly active users
Meta’s social network, Threads, now has 275 million monthly active users (MAUs), the corporate said on Sunday.
“Yesterday we passed 275 million monthly active users on @Threads. We would like to thank everyone who helped us get this far. There is a lot more to do and a lot to fix, but there is something exciting about this place.” he said Adam Mosseri, the director of Meta who runs Threads and Instagram.
Launched in July 2023 to capitalize on the tens of millions of users leaving X after Elon Musk purchased the platform, Threads quickly gained users and has turn out to be one in all the most important text-first social networks today. The platform reached 150 million MAU in April and 200 million MAU in August, which suggests it has gained 75 million active users in only 3 months.
Last week, Meta CEO Mark Zuckerberg said in the course of the company’s conference call following its third-quarter 2024 earnings that one million people were signing up for Threads daily.
While user acquisition on the platform is trending upwards, Threads has been battling plenty of issues moderation issues that frustrated users.
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