TechCrunch Summary (2023-05-31 02PM)

Source: Six tips for getting the most out of your SIEM investment

Summary
Six tips for successful SIEM adoption are provided including sizing spend, evaluating vendor practices, understanding the vendor’s back- and frontend software architecture as well as the total cost of implementation.

Fact

💸 SIEM solutions are priced differently, it’s important to understand the various data sources and what you will pay over time.

🔎 Conduct a proof-of-concept (POC) before purchase to ensure the vendor’s service level meets the needs of the organization post-sale.

🤝 Partner with a vendor who can integrate with a broad range of technologies as your roadmap will likely change and expand.

☁️ Be cautious of vendors that call themselves “true SaaS” or “cloud-native” as they may have an on-premise solution under the hood.

💻 Understand the vendor’s front- and backend software architecture to ensure it meets security requirements.

💰 Know the total cost of implementation to avoid unexpected charges and lock-ins.

Summary
Reddit’s new pricing terms for its API, aimed to protect the site from becoming a free resource for AI training, could now lead the makers of third-party Reddit mobile apps to fold. Christian Selig, creator of third-party app Apollo, said it would cost $20m each year to keep the business running under the new pricing. In an interview with The New York Times, Reddit CEO Steve Huffman said that researchers and those using the API for non-commercial reasons would remain unaffected. Selig said Reddit put his service out of business with the new price structure.

Fact

💻 Reddit’s new API pricing could render third-party apps like Apollo obsolete, with Christian Selig, Apollo’s creator, revealing his app would cost around $20m a year to run under the new rates.

Source: Atlanta Mayor Andre Dickens to speak at TechCrunch Live’s Atlanta event

Summary
Atlanta Mayor Andre Dickens will participate in a virtual TechCrunch Live event on June 7, discussing Atlanta’s tech scene, including the city’s efforts to create a talent pipeline through Historically Black Colleges and Universities and its use of remote work to attract coastal big players.

Fact

🔥 Atlanta Mayor Andre Dickens himself attended Georgia Tech, majoring in chemical engineering.

💼 Dickens served as the Chief Development Officer for the nonprofit TechBridge before becoming Mayor.

💻 He co-founded the Technology Career Program to help disadvantaged communities get tech jobs.

Source: Toyota adds $2.1B to its US battery factory expansion plans

Summary
Toyota will spend an additional $2.1 billion to build a new battery plant in North Carolina, and will also build its first US-made electric SUV in Kentucky from 2025.

Fact

🔌 Toyota will spend $2.1 billion on a new battery plant in North Carolina.

🚗 Toyota will build its first US-made electric SUV at its Kentucky factory from 2025.

🏭 The North Carolina battery plant will have six production lines, with two dedicated to all-electric vehicles and four for hybrid EVs.

💻 The new battery factory investment is a result of the Inflation Reduction Act proposed by the US Government.

🔋 Toyota will also introduce 10 new battery-powered vehicles, with a target of selling 1.5 million EVs per year by 2026.

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