Dear Inside Community, Meet Our Fund 3 goes live this week, Tuesday, May 24, and Wednesday, May, 25. If you don’t already know, this is our most popular event series, where VCs pitch their funds directly to startup founders. Just look at this week’s guest list. Registration is free, and if you’re a founder who might be raising soon, we know you’ll want to make MOF3 a priority. See you there! —The Inside Team |
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According to the Wall Street Journal, Apple is seeking to expand production outside of China and has short-listed Vietnam or India as possible alternatives. Apple has informed some of its China-based contract manufacturers about the plans, citing supply-chain bottlenecks caused by China's COVID lockdowns and other reasons. More: - In late April, Apple warned that supply constraints would be "substantially larger" in the current quarter due to COVID disruptions and silicon shortages.
- The company expects to take a revenue hit of $4B to $8B this quarter as it struggles to meet customer demand for its products.
- CEO Tim Cook emphasized Apple's global supply chain, saying its products "are made everywhere" and the company continues to "look at optimizing."
- Apple's China-based contractors produce more than 90% of iPhones, iPads, and other products.
- Apple could ramp up manufacturing in the manufacturing plants that it already has in Vietnam and India, according to the Journal.
- An Apple spokesman declined to comment on the expansion plans.
THE WALL STREET JOURNAL 
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Hyundai announced plans to spend $5.5B on its first EV-only plant in the U.S., which will be built near the port of Savannah, Georgia. The facility is expected to start production in the first half of 2025, with a target goal of 300,000 vehicles per year. More: - The 2,923-acre plant would produce batteries and a "wide range" of EVs, Hyundai said.
- The company said it chose Georgia due to its "speed-to-market, talented workforce, as well as existing network" which includes Kia's main manufacturing hub.
- South Korea-based Hyundai Motor has a controlling stake in Kia Corp.
- In a statement, Georgia Gov. Brian Kemp called it the "largest project in our state’s history." Hyundai expects the plant will create 8,100 jobs.
- The company has earmarked $5.5B for the plant, part of the $10B it plans to invest in technologies — including AI, autonomous driving, and advanced air mobility — in the U.S. by 2025.
- Hyundai’s current EV lineup includes the Ioniq 5, Kona Electric, and Nexo. It also sells EVs through Kia and its luxury Genesis brand.
CNBC
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 A message from ADOBE EXPERIENCE CLOUD 5 ways to create amazing experiences from data. In order to help create meaningful customer experiences, businesses need to measure content performance and customer behaviors. They then use that experience-centric data to deliver even better customer experiences in the future. Mastering this virtuous cycle is critical to your success. Read Feeding the Content-Data Loop to learn about the five ways to maximize your experience-centric data: - Let data be your guide when creating and placing content.
- Mind your KPIs to determine content value.
- Centralize and standardize data for marketers and IT.
- Reuse content, don't recreate it.
- Use content and data to meet the needs of every channel.
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YouTube has removed 70,000+ videos and 9,000+ channels linked to the Ukraine war, citing violations of its content guidelines. Many of the videos involved narratives backed by Russia's government or Kremlin-linked Russian actors, YouTube CPO Neal Mohan said. More: - Mohan called the action "unprecedented," citing YouTube's policy that bans the denial or trivialization of major violent events.
- Some of the removed content referred to the Ukraine invasion as a "liberation mission." It included channels associated with Russia's Ministries of Defense and Foreign Affairs.
- YouTube has not shut down in Russia but has taken action against pro-Kremlin content. It hosts videos from Alexei Navalny and other Russian opposition politicians.
- Russia claims an estimated 90 million YouTube users, making it the country's single-largest video-sharing site.
- Meanwhile, a Russian court has banned both Facebook and Instagram in the country, citing what it called "extremist activities” by parent company Meta. The move came after Meta temporarily relaxed its policies to allow some violent rhetoric toward Russia's military.
THE GUARDIAN
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Chip giant Broadcom is in discussions to acquire virtualization software company VMware. Details of the proposed cash-and-stock offer are still being worked out and the deal could fall through, CNBC reported Monday. More: - A takeover of VMware would help Broadcom diversity beyond semiconductors and into the enterprise software and cloud computing, reports said.
- As of Friday's market close, VMware had a market cap of $40.3B. It is scheduled to release its quarterly results this Thursday, when a deal could potentially be announced.
- Broadcom purchased software company CA Technologies for $18.9B in 2018 and Symantec's security business for $10.7B in 2019.
- In March 2018, then-President Trump blocked Broadcom's $117B buyout bid for Qualcomm due to national security concerns.
- At that time, Broadcom’s headquarters were in Singapore. It has since moved its base to San Jose, Calif., not far from VMware’s HQ in Palo Alto.
BLOOMBERG
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 A message from ADOBE EXPERIENCE CLOUD How top brands are transforming customer experiences with content. A digital-first landscape has changed a lot about how we do business, but the customer experience should still be at the heart of every approach and strategy. Experiences are the reason we bond with a brand, and they’re what keep us coming back time and time again. Achieving a strong return on experience (ROE) means winning more customers and gaining their loyalty. And it hinges on serving up deeply personalized experiences at every single touchpoint with less manual effort than ever before. Discover our compilation of customer stories to see how top brands are transforming their customer experiences to become more impactful and more valuable in a rapidly changing landscape. Read More
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Citing a breach of local data protection laws, the U.K.'s privacy watchdog has ordered Clearview AI to delete all the facial image data it has of U.K. residents. New York-based Clearview scrapes social media and the web to collect public photos for its database of 20 billion+ images. The database is compared to photos of crime suspects that are matched through its facial recognition tool. More: - The U.K.'s Information Commissioner's Office (ICO) issued the order on Monday, fining Clearview £7.55M ($9.5M).
- While Clearview no longer offers its services to U.K. organizations, it's "still using personal data" of its citizens through its contracts in other countries, according to the ICO.
- The ICO issued its preliminary findings against Clearview in November.
- At the time, it said Clearview breached its data protection laws in "several ways," including failing to tell people what's happening to their biometric data.
- The agency initially issued a preliminary fine of £17M ($21.4M), but appears to have lowered that amount.
Zoom-out: - Clearview faces similar actions by regulators in Australia, France, and Italy.
- Earlier this month, the company agreed to settle a legal case led by the ACLU. Clearview will no longer provide its facial recognition product and database to private businesses in the U.S., though it can continue to do so for government contractors.
TECHCRUNCH
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Video game giant Electronic Arts is seeking to sell or merge with a larger company and has already held talks with NBCUniversal, Disney, and others, according to independent publication Puck. Microsoft's planned acquisition of Activision Blizzard has reportedly "emboldened" EA to seek out its own potential deal. More: - EA is said to be pursuing a deal that would enable Andrew Wilson to stay on as CEO.
- In March, the gaming giant approached Disney about a partnership that would extend beyond licensing deals, but Disney reportedly declined to move forward.
- Comcast's CEO also approached EA's CEO with an offer to merge NBCUniversal with EA.
- However, that offer fell through due to disagreements over corporate structure and price, Puck reported.
- The news comes at a time of consolidation for the gaming industry. Microsoft is buying Activision Blizzard, Sony intends to acquire Bungie, and Take-Two has acquired Zynga, to name a few.
- Ubisoft, a game developer/publisher, is also said to be attracting interest from equity firms, including Blackstone and KKR, for a potential takeover.
- The developer may be looking to sell as it faces internal problems, including delays of some game titles.
ENGADGET
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QUICK HITS - Bubbles, with users from around the world, encourages teams to decline meetings-that-should-have-been-emails.*
- D.C. Attorney General Karl Racine has sued Mark Zuckerberg, alleging that the Meta CEO was directly involved in company decisions that resulted in the Cambridge Analytica privacy scandal.
- Xiaomi confirmed a long-term strategic partnership with camera and lens manufacturer Leica, which will see their first flagship smartphone released in July.
- Apple CEO Tim Cook and other executives have reportedly tested the company's forthcoming AR/VR glasses.
- Facebook has started sending $397 settlement payments to 1.6 million Illinois residents involved in a privacy lawsuit over the platform's face-tagging feature.
- WhatsApp said it will end support for iOS 10 and 11 by late October, meaning iPhone 5 and iPhone 5C owners will no longer be able to use the chat service.
- If your site is struggling, it may be time for a more powerful commerce platform. Read our eBook and find out if your business is ready.*
*This is a sponsored post.
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Upcoming Events: - May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 06, June 07, June 08 - June 09 - In-Person RSA Conference 2022: Control IT, security, and SaaS complexity with Axonius (Register Here) *
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 15 - Need To Know NoCoder - Artem Harutyunyan (bardeen.ai) (Register Here)
- June 16 - Future of the Art Market (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
* This is a sponsored post.
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 |  | Beth is a writer and analyst at Inside.com covering artificial intelligence and daily tech news. Since starting work at Inside, she has covered various topics including virtual reality, drones, and e-commerce. Prior to that she was a public policy and investigative reporter for The Arizona Republic, where she won a Pulitzer Prize nomination and First Amendment Award for reporting on the rising costs of pensions. Reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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