Technology
Galaxy Z Fold 5 & Flip 5 start getting October 2024 security update
Samsung has started rolling out the October 2024 security update to last year’s foldable smartphones, the Galaxy Z Fold 5 and Z Flip 5. It’s worth noting that the company is also rolling out this month’s security update to the Galaxy Z Fold 6 alongside.
The Galaxy Z Fold 5 and Galaxy Z Flip 5 start getting the October 2024 security update
Initially, the company pushed the latest security update to the Galaxy S24 series including the Galaxy S24 FE. Now, the Galaxy Z Flip 5 and Galaxy Z Fold 5 have also started receiving the October 2024 security update in Europe.
The latest security update for the Galaxy Z Fold 5 comes with a firmware version F946BXXS3DXI9. Whereas, the new update carries a firmware version F731BXXS3DXI9 on the Galaxy Z Flip 5. The October 2024 security update includes fixes for 42 security vulnerabilities that have been reported in the previous version.
Notably, these include fixes from Google and Samsung. Google reportedly patches 2 critical and 28 high-level security loopholes in total with one already resolved in the previous update. Whereas, two fixes have nothing to do with the Samsung Galaxy smartphones.
On the other hand, Samsung fixes 12 security flaws related to system services and Knox. It should be noted that the October 2024 security update doesn’t bring any new features to both the foldable.
You can check for the update by following the instructions below
If you live in Europe and have Galaxy Z Fold 5 (Review) or Flip 5, you can check for the update right away. You can do so by going to Settings > Software update. On the Software update page, wait for the device to scan for any new updates.
If a new update pops up, you can simply tap Download and install. That’s all you have to do, your device will take care of the rest. Moreover, if you live outside of Europe, the update might soon pop up on your device too, so stay patient.
Technology
SpaceX alums are working to raise a hefty $550M first deep tech fund
Interlagos, the venture capital firm started by former senior SpaceX leaders, is looking to raise $550 million for its first venture fund, according to regulatory filings and a confidential deck sent to prospective LPs and viewed by TechCrunch.
The existence of the firm was first reported by TechCrunch in April, but almost nothing has been publicly disclosed about its prospective investment thesis — until now. El Segundo-based Interlagos is broadly targeting startups across “deep tech” sectors, someone familiar with the firm’s plans said. The firm will provide capital from inception through Series B, with the targeted $550 million to be deployed across 26-32 investments, the deck says.
It’s a massive target for a first-time fund, which the team recognizes. “We are sized to lead and be persistent capital partners to leading companies,” the pitch deck says.
While the filing does not yet list how much money the partners have secured to date, a source familiar with the matter says that the firm has made a first close for a chunk of that $550M target. Prospective LPs are no doubt drawn to the bona fides of the founding team, which includes Achal Upadhyaya, who was a senior engineer at SpaceX for a decade before leading investments in space and defense at Cantos Ventures; Tom Ochinero, a former high-ranking SpaceX executive who left the company in March after a ten-year stint; and Spencer Hemphill, Interlagos’ CFO who was a former Sequoia finance leader.
The general partners will also have their own skin in the game — which is a common structure for VC firms. They have each pledged to invest a 2% general partner “commit”, the deck says, which refers to their own personal money they will commit to the fund as investors. The rest of the fund’s terms look industry standard as well: 2% management fees, 20-25% carry meaning how much the fund will keep of its returns, pursuit of deals that will give it 18-25% stakes in the startups it backs.
Ochinero, who reported directly to SpaceX President Gwynne Shotwell, was “personally responsible for over a billion dollars of annual revenue” at the company, according to a bio published in 2023. Upadhyaya in particular has a sweeping track record into deep tech startups as an angel and VC, according to the deck: He led the first investments into unmanned defense systems startup Neros Technologies and quantum mechanics startup SoloPulse, and the seed rounds into Shinkei Systems and Pilgrim, in his role at Cantos. His personal investments include Base Power, composites startup Layup, and Oxide Computer.
Upadhyaya did not respond to TechCrunch’s request for comment by publication time.
Deep tech, a umbrella term that can include sectors like space, manufacturing, robotics, biotech, AI and more, has seen a surge of VC interest in recent years. Deep tech companies require more upfront capital and tend to have longer exit timelines, which has led to an increase in specialist funds, often composed of technical partners. But still, if Interlagos manages to raise the full targeted amount, it would make it an exception to the recent downturn in VC that has made raising capital harder. It will also likely set the firm up to successfully compete against mega-funds like Founders Fund and Andreessen Horowitz, which have aggressively moved into the earliest stages in deep tech VC deals.
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Science & Environment
What is Elon Musk’s Starship space vehicle?
Elon Musk wants his new rocket to revolutionise spaceflight. And that rocket, Starship, is now the largest and most powerful spacecraft ever built.
It’s also designed to be fully and rapidly reusable. His private company SpaceX, which is behind the creation, is hoping to develop a spaceship that can be used more like a plane than a traditional rocket system, being able to land, refuel and take off again a few hours after landing.
When will Starship’s next launch be?
While there’s no exact date set yet for the rocket’s next flight, it could be as soon as this weekend – and SpaceX is expecting big things.
This will be Starship’s fifth outing, and all eyes will be on the landing phases – specifically, the return of the vehicle’s bottom part, the Super Heavy booster.
So far we’ve only seen what might be called a simulated landing at sea, or ‘splashdown’. This will be the first time we hope to see the booster return to the launch pad.
For a spacecraft to be reusable, it needs to be able to land safely.
The SpaceX founder has said they will try to catch the booster in mid-air on its return to Earth using the giant mechanical arms, or ‘chopsticks’, of the launch tower – or as Musk calls it, “Mechazilla”.
That’s something that’s never been done before, and eventually SpaceX want to catch the Ship – the top part of the vehicle – in the same way. But that won’t happen on the upcoming test flight.
Will Starship go to Mars?
None of Starship’s missions so far have been crewed, and there’s no plans to put people aboard for the next flight either.
But Musk and his company do have grand designs that the rocket system will one day take humanity to Mars.
A Mars trip isn’t on the horizon just yet. But the behemoth rocket already has some impressive specs, and dwarfs all of its predecessors.
How big and powerful is Starship?
Starship is a two-stage vehicle. The “Ship” is the uppermost part, and that sits atop a booster called Super Heavy.
Thirty-three engines at the base of this booster produce around 74 meganewtons of thrust. To put that into perspective, it’s almost 700 times as powerful as the thrust generated by the common passenger plane, the Airbus A320neo.
If you’ve flown with Aer Lingus, British Airways or Lufthansa, imagine the kick of taking off in one of those planes. Then multiply that by 700.
The vehicle has grown about a metre since its second test flight in June of this year, with Starship now measuring just over 120m in total.
This additional height comes from the Super Heavy booster itself being made 1m longer.
It’s also about twice as powerful as the Saturn V rocket which first took humanity to the Moon’s surface.
SpaceX says that power should be able to move a payload weighing at least 150 tonnes from the launchpad to low-Earth orbit.
Both the Ship and the Super Heavy booster are fuelled with a mixture of icy-cold liquid methane and liquid oxygen fuel, known as methalox.
What has Starship done so far?
Starship has had four test flights up to now. During the first flight, the rocket system exploded early, before the Booster was able to separate.
It’s worth noting that such hiccups are part of SpaceX’s plan to speed up development by launching systems they know are not perfect and learning from the faults.
And each test has seen real progress – first with a hitch-free separation, and eventually a successful return, where both the Ship and the Booster made a controlled descent and hovered above the Indian Ocean and Gulf of Mexico respectively until splashing down.
How does Starship land?
Anyone watching nearby as the booster returns to Earth can expect a thunderous boom as it slows down from supersonic speeds.
While SpaceX plan to catch the booster with the launch tower, we won’t get a similar return of the top part – the Ship – this time. When we do, it shouldn’t look too different from the Super Heavy’s descent.
But since there’s no launch tower on Mars, or on the Moon for that matter, the Ship also needs to be able to land on its legs.
To do that, it manoeuvres itself horizontally as it starts to descend, in what Musk has called a ‘belly-flop’ manoeuvre. This increases the drag on the vehicle, slowing it down.
Once the Ship gets close enough to the surface, it’s then slow enough to fire its engines in a way that flips the vehicle into a vertical position.
The Ship then uses its rockets to guide itself down safely and land on a hard pad upon its landing legs.
All of this has been done by the Ship on its previous flight – apart from landing on a pad. So far it has only landed in the sea.
What are the challenges?
One of the purposes of test flying is to highlight problem areas, and the quick turnaround between each test flight means that weak links have to be redesigned at lightning speed.
If you get one thing wrong, the entire internal structure of the rocket could be melted by hot gases.
What else will Starship be used for?
There are a few things Starship could be used for soon.
So far Musk has used his own rockets, like the Falcon 9 series, to launch his own commercial satellites, known as Starlink.
Those satellites have a short lifespan of around five years, and the flock in orbit needs to be constantly replenished just to keep the same number of satellites in space.
Nasa also wants to use Starship as part of its Artemis programme, which aims to establish a long-term human presence on the Moon.
In the more distant future, Musk wants Starship to make long-haul trips to Mars and back – about a nine month trip each way.
“You could conceivably have five or six people per cabin, if you really wanted to crowd people in. But I think mostly we would expect to see two or three people per cabin, and so nominally about 100 people per flight to Mars,” Musk said.
The idea is to send the Ship part of the vehicle into low-Earth orbit, and “park” it there. It could then be refuelled in orbit by a SpaceX ‘tanker’ – essentially another Ship without the windows – for its onward journey to Mars.
It’s also conceivable that Starship could be used to launch space telescopes.
The Hubble telescope is about the size of a bus, and the James Webb telescope is almost three times as big as that.
To put up thousands of satellites quickly, or a bigger telescope, you need a big rocket.
Finally, Starship has also been built to carry heavy loads needed to build space stations, and eventually, infrastructure for a human presence on the Moon.
How much greenhouse gas does Starship emit?
A rocket that kicks 700 times harder than a passenger jet is bound to have some impact on the environment.
A draft environmental report by the US Federal Aviation Administration (FAA) released in July shows that the new licence SpaceX is applying for would allow them 25 launches of Starship per year.
The FAA say this would emit a total of 97,342 tonnes of CO2 equivalent – or 3,894 tonnes per launch.
In comparison, a typical car in the US emits about 4.6 tonnes of CO2 per year, according to the US Environmental Protection Agency.
If we crunch the numbers, that means one launch of Starship emits as much greenhouse gas as 846 cars would emit over the course of a year.
From a sheer numerical standpoint, that’s fairly insignificant compared to say, the commercial aviation industry.
But with Musk hoping to increase the number of launches to potentially hundreds per year in the future, those numbers could start adding up.
Technology
The FBI secretly created an Ethereum token to investigate crypto fraud
The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.”
As a result of the investigation, the Securities and Exchange Commission charged three “market makers” and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets. The Department of Justice charged 18 people and entities for “widespread fraud and manipulation” in crypto markets.
The defendants allegedly made false claims about their tokens and executed so-called “wash trades” to create the impression of an active trading market, prosecutors claim. The three market makers — ZMQuant, CLS Global, and MyTrade — allegedly wash traded or conspired to wash trade on behalf of NexFundAI, an Ethereum-based token they didn’t realize was created by the FBI.
“What the FBI uncovered in this case is essentially a new twist to old-school financial crime,” Jodi Cohen, the special agent in charge of the FBI’s Boston division, said in a statement. “What we uncovered has resulted in charges against the leadership of four cryptocurrency companies, and four crypto ‘market makers’ and their employees who are accused of spearheading a sophisticated trading scheme that allegedly bilked honest investors out of millions of dollars.”
Liu Zhou, a “market maker” working with MyTrade MM, allegedly told promoters of NexFundAI that MyTrade MM was better than its competitors because they “control the pump and dump” allowing them to “do inside trading easily.”
An FBI spokesperson told CoinDesk that there was limited trading activity on the coin but didn’t share additional information. On a Wednesday press call, Joshua Levy, the acting US attorney for the District of Massachusetts, said trading on the token was disabled, according to CoinDesk.
The DOJ has reportedly secured $25 million from “fraudulent proceeds” that will be returned to investors.
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Technology
Is Verizon down again? Live updates on the service outage
It’s only been 10 days since Verizon’s major network outage took out service across the United States, but it seems that the big-red-themed carrier is having yet another service disruption, potentially another major outage.
We’ve been tracking reported outages via Down Detector, which have also been fluctuating over the past 24 hours. However, for about the last hour, dating back to 1PM ET, there has been a steady increase, hitting over 1,500 reported outages. This means that Verizon customers are noticing no connectivity bars, trouble making or receiving calls, and even spotting SOS at the top of their phones.
Ahead, we’ll be reporting live on this outage and its potential impact of us, so stick with TechRadar for the latest on what might be Verizon’s second major outage in less than two weeks. We’ve also reached out to Verizon to ask for a comment and to see if this is an official outage.
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