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Welcome again to TechCrunch’s Week in Overview — TechCrunch’s e-newsletter recapping the week’s largest information. Need it in your inbox each Saturday? Join right here.
Apple’s Worldwide Builders Convention had a large concentrate on AI. Apple unveiled its generative AI providing, Apple Intelligence, which will likely be accessible in iOS later this yr. iOS 18 may have quite a few new options, together with the power to schedule textual content messages and customise your house display, main upgrades to Siri — together with ChatGPT integration — and AI-generated emojis. When you missed it, we put collectively a useful recap of all the pieces Apple introduced.
Tesla CEO Elon Musk has secured sufficient shareholder votes to have his 2018 inventory possibility compensation package deal accepted. The vote means he might get a payout of as much as $56 billion, the most important CEO compensation package deal in historical past, however a choose in Delaware nonetheless has to challenge her last choice after ruling the package deal was unfair.
In funding information, Mistral AI has closed its a lot rumored Sequence B funding spherical. The corporate has secured €600 million (round $640 million at at this time’s change fee) in a mixture of fairness and debt. The brand new spherical values the startup at $6 billion because it continues to compete with OpenAI, Anthropic and different AI giants.
Information
Former NSA head joins OpenAI: Former head of the NSA, retired military normal Paul Nakasone, will be part of OpenAI’s board of administrators and can sit on the board’s “safety and security” subcommittee. Learn extra
Tesla shareholders sue Elon Musk: Shareholders of Tesla are suing Elon Musk and members of the board of administrators over Musk’s choice to begin xAI. They argue that expertise and sources are being diverted from Tesla to the brand new startup. Learn extra
BeReal will get purchased: French cell apps and video games writer Voodoo has acquired BeReal for €500 million. BeReal co-founder and CEO Alexis Barreyat will go away the corporate after a transition interval. Learn extra
You may ditch the rings: Apple has lastly made a manner for customers to pause exercise rings on Apple Watches, which is very useful if you’re sick or in any other case unable to do bodily actions. Learn extra
Raspberry Pi goes public: The maker of tiny, low cost, single-board computer systems priced its IPO on the London Inventory Trade at £2.80 per share, valuing it at $690 million at at this time’s change fee, and rapidly jumped to £3.70 per share. Learn extra
iPads lastly get a calculator app: iPads may have a devoted calculator app for the primary time. However, academics, beware. The app consists of Math Notes, a brand new characteristic that does the maths for you. Learn extra
A brand new distraction-free smartphone: Minimalist smartphone maker Mild introduced its latest mannequin. The Mild Cellphone III doesn’t have entry to social media or the web, but it surely does sport a bigger OLED show and a digicam. Learn extra
Spotify goes in-house: Spotify is venturing additional into the advert area with its first in-house inventive company, Inventive Lab. The corporate stated it is going to additionally start testing generative AI adverts. Learn extra
Will your gadget have iOS 18?: Apple’s iOS 18 will likely be appropriate with many Apple gadgets this fall, however you might need to improve if you would like the total Apple Intelligence expertise. Learn extra
Evaluation
Apple Intelligence isn’t attempting to be flashy: With iOS 18, Apple is taking a extra cautious strategy. As a substitute of overwhelming customers with too many AI options to depend, the corporate is fastidiously rolling out AI the place it believes it may very well be really helpful. Whereas Apple’s AI is definitely not as flashy, Sarah Perez argues that it’s the firm’s manner of defining the desk stakes for what an AI-powered gadget ought to have the ability to do. Learn extra
Tesla followers get out the vote: Tesla and its followers waged an unprecedented battle over Elon Musk’s $56 billion pay package deal. Over the previous couple of months, there was an unrelenting get-out-the-vote effort from Tesla’s largest followers. Sean O’Kane explores the numerous calls to motion on X to get shareholders to vote sure — and reinforce their perception that Tesla is nothing with out Musk. Learn extra
Why Y Combinator is encouraging small seed rounds: In 2024, many Y Combinator startups solely need tiny seed rounds — but it surely may very well be repelling many institutional seed VCs. If YC startups deal with these rounds extra like pre-seed funding, it may not be all that unhealthy. However as Rebecca Szkutak writes, there’s a threat if firms are labeling these smaller rounds as “seed rounds” with their sights set on subsequent elevating a Sequence A. Learn extra
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