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Executive Summary, Day One 📠Inbox 5:05AMTo: Ternus, John <jternus@apple.com>Reply-to: CEO-transition-team@apple.com Welcome to your first day as CEO! Hopefully you're finding your new office spacious and comfortable. If you have trouble with any of the doors just ping us - being a Jony Ive design, you won't find anything as unsightly as a door handle […]
JBL is well known for its portable bluetooth and party speakers, but now it's also stepping into the world of connected whole-home audio. The JBL Cove series of speakers introduced today can work independently, as a stereo pair, or linked together to form a multi-room sound system, placing the range in competition with Sonos and […]
The US Army’s laser system is part of a new generation of directed-energy weapons capable of detecting, tracking, and destroying drones with a concentrated beam of light.
Every year over 200,000 people descend on Berlin for IFA, the largest tech trade show in Europe. Some of the world’s biggest manufacturers turn up to demo everything from appliances to smartphones to smart home gadgets, and this year should be no different. IFA itself runs from September 4th to 8th, but most of the […]
Dyson is once again expanding its line of personal care products with a device that focuses on your teeth instead of your hair. As the name implies, the $499 CameraJet is the first electric toothbrush to incorporate a camera into the brush head. Available starting today in ceramic blue or ceramic pink color options, it […]
The email arrives. "Mercury will not be able to support your business at this time. We will not be able to provide additional details about this decision." You spend the next two weeks building an appeal: residence permit, business plan, tax registration, customer contracts, the whole file. You attach a polite cover letter explaining that you are not in Russia, not a sanctioned individual, fully compliant. Mercury either does not respond or sends the same boilerplate back. By week three you have decided you did something wrong, that your business is somehow tainted, that you will never get a US bank account. None of that is true. The reject was a system response, and once you can see the arithmetic driving it, the next move gets obvious and the spiral stops. The math behind an auto-decline OFAC violation penalties start at roughly $1 million per transaction. The annual revenue from a single diaspora-founder account at Mercury sits somewhere between $50 and $500. On top of that sits reputational risk: one Bloomberg story about "the fintech serving sanctioned Russians" damages the next funding round, strains banking partner relationships, and invites regulatory attention. Run those numbers and an auto-decline on an RU or BY passport signal becomes the rational move for the fintech, even when the overwhelming majority of flagged applications are perfectly legal. The downside of a single miss outweighs the upside of correctly clearing every legal applicant. What you are looking at is a company optimising against an asymmetry: maximum downside, minimal upside, per application. There is no judgement of you anywhere in that calculation. How the decline actually happens A KYC submission includes a passport scan, residence permit, and business documents. The decisioning system flags an RU or BY passport regardless of where you live, how the company is structured, or where the revenue comes from. Human review exists, but it triggers only when the signal-to-noise ratio is exce
Google raised the price of its 4K streaming box to $149, up $50 from its original $99 price. The new price is currently live at the Google Store and Best Buy, but Amazon appears to still be offering the original price. The price hike comes just a couple of weeks after Google launched its new […]
JMGO's 4K 120Hz Iris Ultra Max all-in-one Google TV projector is now available outside China. It gets its name from a new dual-iris system that lets it produce an impressive 10,000:1 native contrast, according to JMGO. It boosts the contrast - always an issue with projectors - by placing two separate physical apertures (irises) along […]
The FTC and 22 state attorneys general are suing Amazon for allegedly using a "secret ad surcharge" to drive up prices for ads on its website and app. FTC chairman Andrew Ferguson claims in a blog post on the lawsuit that the higher advertising prices "were largely passed on to American consumers." According to the […]
This weekend, I strapped on an Apple Vision Pro to watch a baseball game in immersive virtual reality for the first time. It was technically impressive, visually pretty remarkable, and also didn't make that much sense. Apple and Major League Baseball chose a classic match-up of the Boston Red Sox and the New York Yankees […]
Apply before September 4 to be a part of the TechCrunch Disrupt community by hosting your own Side Event.
The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
The controversial founder of the checkout startup once valued at $11 billion is putting in $5 million of his own money.
Automakers keep shoving more tech into their cars, despite evidence that consumers are increasingly fed up with huge screens and glitchy software. In fact, the features that car owners appreciate the most happen to be the ones they barely notice, according to the latest tech survey from JD Power. The consumer research firm surveyed 68,084 […]
Longtime Apple executive Phil Schiller is stepping down from his role as the head of the App Store and Apple events, according to a report from Bloomberg. Following the change, Schiller will keep his Apple Fellow title and continue "working on unspecified initiatives," Bloomberg reports. Schiller initially joined Apple in 1987 and became the company's […]
YouTuber Mark "Markiplier" Fischbach has invested enough in GoPro to become its single largest shareholder, with an 8.5 percent stake in the company, Bloomberg reports. Speaking to Bloomberg, Fischbach said he thought GoPro "seems undervalued" and sees his investment as "part of a larger mission to make filmmaking more accessible," following the release of his […]
Steve Jobs' successor carried the torch of the iPhone and built Apple into a global powerhouse with few rivals. Since becoming CEO in 2011, Tim Cook has led the company to become one of the most dominant forces in the daily lives of billions of people. Today is his last day as CEO. We'll have […]
The company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.
Debian voted to allow developers to use AI tools in their contributions to the Linux distribution's "development, maintenance, [and] documentation." The new policy on AI acknowledges that "responsible" use of AI can improve developers' productivity, and goes on to say, "generative AI is neither exempt from nor subject to special rules beyond the standards already […]
Google rolled out the Lake America change on Saturday, while the official US government maps are still waiting.