Welcome back to Week in Review. This week we're coming at you right off the heels of TechCrunch Disrupt! If you missed it, we're highlighting conversations with Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star turned space CEO Bridgit Mendler. Of course, we've got news from the rest of the tech world as well. Let's do it.
Why Wiz turned down $23 billion Wiz co-founder and CEO Assaf Rappaport said on the stage at TechCrunch Disrupt turning down Alphabet's offer was "the toughest decision ever," but they did so because they believed that cloud security space is a $100 billion opportunity for the company. Wiz had, at the time, a private valuation of $12 billion when they turned down the deal. The CEO said the company had other offers as well, but nothing like Google's big one.
Apple had a big week of reveals, including the latest additions to the M-series of chips. The company unveiled the new M4 Pro, which debuts alongside the tiny new Mac mini and the M4 Max, the latter of which is coming to the MacBook Pro line as an upgradeable option. They also refreshed their desktop accessories, moving them over to USB-C instead of using Lightning. Still, though, the charging port is awkwardly sitting on the bottom of the Magic Mouse.
Dropbox is cutting 20% of its workforce. In a letter to employees Drew Houston said the cloud company is in a "transitional period," and the plan was to cut back in areas where Dropbox "over-invested" while designing a "flatter, more efficient" team structure. The cuts will affect 528 employees.
What is plagiarism? At TechCrunch Disrupt, Perplexity CEO Aravind Srinivas was pressed on how the company defined "plagiarism." Srinivas wouldn't say definitively, but he was forceful that Perplexity "always cites its sources" and never claims to own any content in the first place.
It is a step to build the first AI chip: OpenAI is reportedly working with TSMC and Broadcom to build its very first in-house AI chip to run AI models. This may arrive as early as 2026, according to Reuters.
Bringing imagination to life: Arcade AI is the new type of marketplace in which users feed their ideas into a generator and the latter generates numbers of design alternatives to be materialized as wearable jewelry pieces.
From Disney Channel to CEO: Former Disney star Bridgit Mendler joins TechCrunch Disrupt to talk about how she founded Northwood Space and why the space startup is committed to solving "unsexy problems.".
AI comes for recruiters: LinkedIn is taking the wraps off its latest AI effort: Hiring Assistant. The product is designed to take on a wide array of recruitment tasks, from ingesting scrappy notes to turn into job descriptions, to sourcing candidates and actually engaging with them.
Matt Mullenweg makes his case: The co-founder of WordPress and CEO of Automattic told TechCrunch Disrupt yesterday that he didn't care if his company's recent legal drama with WP Engine led to a fork of the open source WordPress software. In fact, he said he'd welcome it.
Olivia Wilde, VC: Actor and director Olivia Wilde quietly rolled out venture firm Proximity Ventures late last year, reports Bloomberg. The firm has already signed four deals, including a biotech firm called Pendulum Therapeutics.
Slice strikes chord in India: Fintech Slice has merged with North East Small Finance Bank, marking a rare instance of how a startup could enter India's tightly regulated banking sector. The merger transforms Slice into a banking entity after months of regulatory scrutiny.
The easier way to code: Announced at GitHub's annual conference in San Francisco, Spark is an experiment launching out of its GitHub Next labs that lets you quickly build a small web app using nothing but natural language.
Turn text into a podcast: Meta has published an "open" version of the viral generate-a-podcast feature in Google's NotebookLM. Dubbed NotebookLlama, the project can create back-and-forth, podcast-style summaries of text files uploaded to it.
Zoox calls Tesla's bluff: Zoox co-founder and CTO Jesse Levinson isn't buying the robotaxi ride-hailing service that Tesla is so convinced about launching next year. "The fundamental problem is they don't have technology that works," he said during TechCrunch Disrupt
And the winner is … : The winner of the Startup Battlefield 200 competition at TechCrunch Disrupt is Salva Health. The company's Julieta device is a portable, AI-powered breast cancer detection device with no barriers to creating access even in remote areas.