Hello friends! Welcome back to Week In Review, the newsletter where we recap some of the top stories that crossed TechCrunch dot com this week. the most read This week’s story was. . . well, everything that came out of Apple’s annual Worldwide Developers Conference. Apple tends to dominate the news cycle during WWDC, and this year’s show was no exception. Apple always kicks off WWDC with a keynote where they make back-to-back product announcements from across their entire lineup. New iOS! Plans to take over your car’s dashboard! A new M2 chip that is somehow even faster/more efficient than the already absurdly fast/efficient M1! Instead of linking to a million different posts about all the news, I’ll just link to our big WWDC roundup here.
other things
The “unpatchable” flaw of M1: Speaking of M1, security researchers at MIT have detailed the workings of what they say is an “unfixable” security flaw in the chip. An Apple spokesperson thanked the researchers for “this proof of concept” but said the company does not believe it presents “an immediate risk” to users and is “insufficient to bypass operating system security protections on its own.” ”.Uber Eats will now deliver food from all over the country: Their [on-demand delivery companies] they were so worried about whether or not they could, that they didn’t stop to think about whether they should.Oracle spends $28 billion on Cerner: We knew that Oracle was buying health records company Cerner, although we learned of the deal in late December, a time when most people are doing their best not to look at a computer screen or the news. Oracle announced this week that the deal is done, closing things out for an absolutely massive sum of $28 billion.More layoffs: Oh hey, it’s my least favorite (but seemingly endless) part of this newsletter. Since we last checked, there have been layoffs at Superhuman (22% of staff), edtech unicorn Eruditus, scooter company Bird (23%), clothing subscription Stitch Fix (15% of salaried workers), OneTrust security unicorn (25%) and many more. Amanda and Natasha have an overview of the latest layoffs here.The Nimbus is “like a motorcycle with a roof”: Want the energetic fun of a motorcycle or scooter but don’t want to deal with the weather? This week, Michigan-based startup Nimbus unveiled the prototype for “Nimbus One,” a three-wheeled electric vehicle that looks like a cross between a motorcycle and a smart car. The company says they’ll cost just under $10,000 — or, with a subscription, about $200 a month — when they start shipping next year.Image credits: Nimbus
audio stuff
Everybody has a podcast these days, and guess what? WE ALSO. Actually, we have a ton of them! One of the highlights this week was Chain Reaction, where Anita and Lucas chatted with a16z’s Sriram Krishnan about the firm’s new $4.5 billion crypto fund and what the web3 landscape looks like after the recent crypto crashes.
things added
We have a paid section on our site called TechCrunch+. I know, paywalls, bleck, but it helps keep our lights on and allows us to dig deeper into the things you tell us you want to read about. It costs a few bucks a month and has a ton of really cool stuff, like:Women are leaving venture capital firms to launch their own funds“Over the past year, numerous notable female investors have left their roles at established firms to launch their own funds,” writes Rebecca Szkutak, breaking down some of the latest high-profile departures.The NFT crash is real: NFT sales are down. Will investment in NFT-focused companies continue? Alex takes a look at the data.Taking a look at Lunchbox’s $50 million pitch deck: In February, Lunchbox, a company that creates online ordering systems for restaurants and ghost kitchens, raised a $50 million Series B. This week, Haje took a look at the presentation platform the company used to attract investors.
Image credits: Lunch box (opens in a new window)
