Techmeme
October 23, 2023, 7:10 AM

Top News

Mark Gurman / Bloomberg:
Sources: Apple was caught flat-footed by the generative AI fever and is on course to spend ~$1B/year to add the tech across iOS 18, Siri, Music, and other apps  —  But the company is now preparing its response and plans to develop features for its full range of devices.
Hartley Charlton / MacRumors:
Gurman: Apple is planning a “Mac-centered product launch” around October's end and may release an updated 24-inch iMac; the current model launched in April 2021  —  Apple is planning a Mac-focused product launch, likely including the announcement of a refreshed 24-inch iMac …
Financial Times:
The Global Times: China opens a Foxconn investigation over tax and land use, inspecting Guangdong, Jiangsu, Henan, and Hubei sites; Foxconn plans to cooperate  —  Tax authorities said to have inspected a number of the Apple supplier's sites in provinces  —  China has launched an investigation …
Nikkei Asia:
Analysis: the iPhone 15 lineup has ~10% more expensive components than the iPhone 14 lineup; iPhone 15 Pro Max costs rose to $558, up 12% from the 14 Pro Max  —  Apple largely shoulders costs of zoom camera and 3-nm chip: Nikkei analysis  —  South Korea provided 29% of the latest iPhone series' parts …
Bloomberg:
Japan's FTC opens an investigation into Google over alleged antitrust violations; a report says the focus will be if Google asked OEMs to prioritize its search  —  - The FTC said it is looking into Google's business practices  — The US is mounting a broad investigation into the company
Dominic-Madori Davis / TechCrunch:
Crunchbase: Black US founders raised ~$39.7M, or 0.13% of all capital allocated to startups in Q3 2023, down from $212M in Q2, $352M in Q1, and $1B in Q3 2022  —  Black founders raised 0.13% of all capital allocated to U.S. startups in Q3, according to Crunchbase.  That's about $39.7 million out of $29.9 billion.
Elizabeth Dwoskin / Washington Post:
How Russia helped overthrow governments in Burkina Faso and the surrounding French-speaking Sahel region using wide-ranging online disinformation campaigns  —  This never-before-told tale reveals how covert online battles in the French-speaking Sahel region helped topple governments.
Emma Sanchez / Bloomberg:
Dallas-based enterprise browser startup Island raised a $100M Series C led by Prysm at a $1.5B valuation, up from $1.3B in 2022, for $350M+ raised in total  —  - $100 million round led by Prysm Capital and joined by Canapi  — Island competes with internet browsers from Microsoft, Google

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Brandy Zadrozny / NBC News:

Earlier Picks

Beth Wang / Bloomberg Law:
Wall Street Journal:
Amy Thomson / Bloomberg:
Steve Lohr / New York Times:
Rohan Goswami / CNBC: