Apple’s M1 chips have ‘unpatchable’ hardware vulnerability, MIT researchers say – TechCrunch
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Today is Friday, June 10, 2022 and haje is on the road, so it’s just me today. Before you leave to enjoy the weekend, there are a few housekeeping items to take care of. First, TechCrunch Disrupt will be in person this year, and today is the last day to raise your hand to speak. Second, if you attend TC Sessions: Climate next week, we have your preview of what to expect. Now that those are taken care of, if you’re in the mood to listen to something instead of read, we’ve got you covered. Have a good week-end! — Christina
TechCrunch’s top 3
- Pacman on the attack: Carly writes that MIT researchers, while running a “Pacman attack” test on Apple’s M1 chips, discovered an “unpatchable” hardware vulnerability that could allow attackers to break through its last line of security defenses . In its response, Apple doesn’t seem overly concerned.
- Amazon does not bid on cricket: pot holder was aware of some news that Amazon was pulling out of the race to bid on a 5-year deal to stream IPL cricket games. We don’t know why, but if you like games, it looks like Disney and Reliance are still there.
- “The Search for the Alpha”: A falling market for crypto appears to be an advantage for hedge funds looking to get into certain digital assets, Jacquie writing. She combs through PwC’s Global Crypto Hedge Fund so you don’t have to.
Startups and VCs
We enjoyed Amanda and Natasha’s take today on the myriad of layoffs plaguing tech companies these days. They’re also highlighting something new with this latest set of announcements.
What do you get when you combine a young venture capitalist leveraging her age to bring a fresh perspective to the industry with self-made female investors and a look at demanding investors the profitability of technology companies? A great afternoon of reading.
Here are a few more that we hope you will enjoy:
- The subscription game is the game I’m in: The free messaging app Telegram is going to offer a premium option, and get it, it won’t downgrade features for those who are not subscribers. Isn’t that refreshing? It’s up to you, Marco Polo.
- Access a growing market: The International Finance Corporation is about to invest in Partech’s Africa Fund II, Anne reports. The fund will invest in a wide range of stages, from seed to Series D.
- A hand to hold: Boulder Care has raised $36 million in Series B funding to continue to develop its telehealth program focused on substance abuse disorders. The company primarily works with patients on Medicaid and sees some of the best retention rates in the industry for those who participate in the program.
- Sunny days are back: India SolarSquare has raised $4 million to accelerate the country’s transition to clean energy.
Survey of Growth Marketing Experts: How Would You Spend a $75,000 Budget in Summer 2022?
As entrepreneurs have begun to turn lessons learned in bootcamps into grassroots best practices, startups have begun to give growth marketers more respect and resources over the past decade.
Here’s the good news: Managers can’t reduce your respect budget. Unfortunately, to maximize ROI, every dollar now has to go further than Reed Richards in the latest “Doctor Strange” movie.
This time, we asked four experts to tell us how they would handle a $75,000 budget and what recommendations they would offer someone with only $10,000 to spend:
- Ellen Kim, VP of Creative, MarketerHire
- Jack Hallam, Head of Growth and Community, Ammo
- Jonathan Metrick, Director of Growth, Portage Ventures
- Jonathan Martinez, Founder, JMStrategy
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
- Lower that racket!: Netflix is turning some of its popular original shows into games, like “The Queen’s Gambit,” “Shadow and Bone,” and, yes, “Too Hot to Handle.” And now more Disney fans in the Middle East and Africa will now have access to Disney+. Meanwhile, Peacock confirms that it is testing a rewards program for paying subscribers that involves movie tickets or movie rentals.
- You make me wanna roll down my windows and go on a cruise: The weekend is upon us and we hope you live in an area where you can roll down the car windows and enjoy the breeze. Otherwise, here are some new automobiles to enjoy with the air conditioning blasting. Porsche is working with UP.Labs to create six technology companies that will focus on some of the automaker’s goals, including predictive maintenance, supply chain transparency or digital retail, Kirsten reports. At Faraday Future, the electric vehicle startup has another federal agency inquiring about its actions.
- Some social media headaches relieved: In social media news, you may remember that Twitter was testing a tweet reporting feed that would add more options to explain the problem when reporting offensive or dangerous content on the site. That test worked, and now Twitter is rolling it out. Next, Meta is rolling out Horizon Home as part of a new update to the Quest 2 headset. Apparently Quest 2 wasn’t making it easy to meet people in the metaverse.