Apple unveils new iPad Pro and Wiz raises $1B at $12B valuation 💰

Sup Scoopers and happy Wednesday. Wednesday is probably my fourth favorite day of the week, but that’s ok because on Wednesday’s we have scoops. Which means welcome (back) to Product Scoop. We’re the newsletter delivering news, insights, and analysis into the tech sector.

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Without further ado, here’s your scoop below👇

🍏 Apple unveils new iPad Pro with powerful AI Chip

• Apple unveiled its latest iPad lineup, aiming to revitalize its slowing tablet market. The event showcased new iPad Pro and iPad Air models, featuring powerful custom processors for enhanced performance, particularly in AI applications. The iPad Pro boasts an M4 chip delivering four times the performance of its predecessors and includes OLED displays. Read more

💰 Wiz raises $1B at $12B valuation

• Wiz, a rapidly growing startup in cloud security, has secured a significant Series E funding round of $1 billion, co-led by top investors like Andreessen Horowitz, Lightspeed Venture Partners, and Thrive. This funding values Wiz at $12 billion, placing it among the highest-valued cybersecurity startups. Read more

🤝 OpenAI building tool to let content managers opt-out of AI Training

• OpenAI is addressing concerns about AI models using copyrighted content without permission by developing a tool called Media Manager. This tool aims to allow creators and content owners to specify how their works should be used in generative AI research and training. OpenAI plans to release Media Manager by 2025, collaborating with creators, content owners, and regulators to establish industry standards. Read more

👨‍💻 Photo editing app VSCO launches marketplace

• VSCO, known for its photo editing app, is launching VSCO Hub, a marketplace aimed at connecting professional photographers with brands seeking talent. This initiative addresses the challenge of facilitating partnerships between creators and companies in a manner similar to other social platforms like Instagram and TikTok. Read more