Apple Updates: AR For iOS, a Better Siri, and a Remedy for Tech Addictions
Here's the latest from Apple's annual conference for developers in San Jose, Calif., where the company is announcing software upgrades and new initiatives:
+ As expected, Apple unveiled tools to help iPhone and iPad users manage the time they spend glued to their screens. The new tool, Screen Time, is part of the new iOS 12 mobile operating system. Screen Time shows how much time users spend with each app, how many times they pick up their phones, and which notifications catch their attention. It will also enable users to set limits.
+ The iOS 12 will also include upgrades to the FaceTime app to enable group video chats with as many as 32 people simultaneously. And users can create their own animated emojis that look like them, what Apple is calling a "Memoji."
+ As competition among voice assistants heats up, Apple announced changes to Siri, which will be able to give iPhone users suggestions based on their location and the time of day. If you're running late, the new Siri can suggest you call or send a text to alert your next appointment from the phone's lock screen.
+ Apple will also roll out Siri Shortcuts to help users customize Siri's suggestions and program regular reminders for daily tasks.
+ The Photo app will be redesigned to make searching through images on an iPhone or iPad easier, allowing users to better sort by location, categories, and events. It will also incorporate facial recognition to make it easier to share images with friends.
+ Apple's new iOS 12 mobile operating system will also include a new tool, Measure, that lets users measure the dimensions of objects through their device's camera.
+ The company unveiled its big push into augmented reality with a new file format for AR content ー .USDZ. Craig Federighi, Apple’s senior vice president of software engineering, said it would be integrated with Adobe's Creative Cloud ecosystem and can be easily shared via text message and email.
+ Tim Cook opened the keynote of Apple's annual developers conference by highlighting the 10th anniversary next month of the company's App Store. Cook, Apple's chief executive, said developers have earned more than $100 billion through the App Store since its inception.
+ Apple is expected to focus on software at the developers conference. The company's services ー Music, Pay, and iCloud ー account for about 15 percent of total revenue, up from 10 percent in the fourth quarter last year, as sales of the iPhone are slowing.
+ Watch the keynote [live](https://www.apple.com/apple-events/june-2018/) on Apple's website.
*Check back for updates from the conference, and interviews and live analysis from Cheddar's Hope King ([@lisahopeking on Twitter](https://twitter.com/lisahopeking)) at WWDC 2018.*
Food delivery giant DoorDash is acquiring European food delivery company Wolt. The all-stock deal is valued at $8.1 billion and is expected to close in the first half of 2022. The companies say they share a mission to build a global delivery platform. Gerber Kawasaki investment advisor Eva Agi joins Cheddar News' Closing Bell to discuss what the deal means for Doordash, as well as its customers and investors.
Identity verification startup Socure recently raised $450 million dollars in a series E round, bringing the company's valuation to $4.5 billion. Socure says it is now the highest-valued private company in the identity verification space, and that the funds will be used to accelerate its mission to verify 100% of good identities and eliminate identity fraud across all industries. Socure Founder and CEO Johnny Ayers joins Cheddar News' Closing Bell to discuss.
With more companies offering employees flexibility in work schedules, Airbnb is looking to accommodate flexible travel plans. Chief Strategy Officer Nathan Blecharczyk joined Cheddar to discuss the growing trend of people staying in Airbnbs for longer periods of time. "In December over the holidays, in North America, we are seeing a 68 percent increase in the demand for month-long stays relative to years past," he said.
Coinbase reported third quarter earnings yesterday and revenue did not at all meet estimates, with the company saying that it also saw a staggering decrease of about 1.4 million customers in comparison to the previous quarter. This comes in the same week where bitcoin and ethereum, two of its most important digital assets hit record highs. Martin Gaspar, research analyst at CrossTower explains how a soft crypto trading quarter contributed to the less-than-ideal revenue outcome.
John Jannarone, Editor-In-Chief at IPOedge.com, joined Wake Up With Cheddar to discuss Riivian ahead of its public debut on the Nasdaq, as investors gear up for the biggest IPO for a U.S. company since Facebook.
Iran is continuing to crack down on illicit bitcoin mining in the Islamic Republic after 227 mining rigs were seized. Businesses looking to run legal bitcoin mining operations have had to seek approval since 2019.
DoorDash is set to acquire European-based food delivery company Wolt in an $8.1 billion deal. Ann Berry, chief investment officer at media platform Wheelhouse, joined Cheddar to discuss how this positions DoorDash in the prepared food and potentially the grocery delivery space. "I do think that what DoorDash is trying to be thoughtful about now is how to take that there's been a shift in consumer behavior in terms of mobile ordering and delivery and try and apply it to other categories," she said, also pointing to its partnership with beauty supply company Ulta.
The Biden Administration has issued a new order aimed at all federal agencies which would order them to patch hundreds of cybersecurity vulnerabilities. Chief Evangelist at Intrusion Gary Davis and Chief Security Advisor at SentinelOne Morgan Wright, joined Cheddar to discuss more.
