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UK digital ‘end-of-life’ services startup Farewill acquired for $16.8M

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Dignity CEO Zillah Byng-Thorne with Farewill CEO Dan Garrett

Farewill, a U.K.-based end-of-life services provider that offers online tools for writing wills, organizing probate, and arranging cremation, has been acquired by funeral service provider Dignity in an all-shares deal valuing the startup at £12.9 million ($16.8 million).

The deal is a classic case of an established legacy incumbent chasing growth by buying a younger digital upstart, and is designed to help Dignity gain a larger portion of a death care services market that’s expected to reach $190 billion by the end of the decade.

Founded in 2015, Farewill is one of several startups to emerge in a category dubbed “death tech.” This includes apps to memorialize loved ones and social platforms to support the grieving process. Some have raised significant amounts of venture capital funding, too, such as Empathy, which emerged from stealth back in 2021 with $13 million for its digital assistant for bereaved families — going on to raise a further $47 million just a few months ago.

Farewill, for its part, has raised around $39 million since its inception, from backers including Augmentum Fintech, Highland Europe, Keen Venture Partners, Kindred Capital, and Wise co-founder Taavet Hinrikus. This means that Farewill’s $16.8 million valuation is well below the capital that had been injected — a fire sale by just about any estimation.

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Financials

It’s not clear what the exact circumstances were that led to this sale — reports emerged back in February that one its investors, the VC arm for Daily Mail and General Trust (DMGT), had cut its stake’s estimated value by two-thirds, suggesting that Farewill’s valuation had dropped from £86 million to £30 million. Today’s news is worse than that.

Farewill’s most recent accounts showed an increase in gross sales (+31.4%), revenue (+36%), and gross profit (+88.9%) for financial year 2023. However, its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) figure showed that the company still wasn’t operationally profitable, with losses of £4.2 million — though those losses had fallen by half on the previous year.

Add to all that, the transaction is being financed through a share-for-share exchange. Farewill’s shareholders will now own stock in Castelnau Group — an investment firm and Dignity’s majority shareholder, after a joint venture with serial entrepreneur Sir Peter Woods’ SPWOne took Dignity private in a $349 million deal last year.

“The addition of Farewill to Dignity’s offering embodies Castelnau’s strategic ambitions for Dignity, helping Dignity to drive its digital transformation and serve its customers even better,” Castelnau CEO Richard Brown said in a statement.

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Dignity’s origins can be traced back more than 200 years, though its current incarnation is the result of various mergers and acquisitions. However, with a digital-native rival under its wing it will be hoping to be able to combine collective strengths. Dignity operates more than 40 crematoria in the U.K. and has a strong on-the-ground presence, while Farewill’s online-focused services looks like a complement to that — “combining the strength of Dignity’s heritage, with Farewill’s expertise in online journeys and data,” as they put it in a press release.

The Farewill brand will continue as is, and will operate independently.

“At Farewill, our mission has always been to make the end-of-life experience as straightforward and stress-free as possible,” Farewill co-founder and CEO Dan Garrett (pictured above with Dignity CEO Zillah Byng-Thorne) said in a statement. “Joining forces with Dignity allows us to stay true to that mission while benefiting from the experience and resources of a company that has been a trusted name for generations.”

The acquisition is still subject to regulatory approval, and isn’t expected to close before January 1, 2025.

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Apple Pay just added new ways to pay, including card rewards and installment plans

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A person paying using an Apple Card and Apple Pay.

Apple’s celebrating ten years of Apple Pay today, and it’s clear that the Cupertino-based giant is pretty pleased with its payment offerings. I’ll be the first to admit that Apple Pay is still handy and convenient ten years down the road; most of the time, rather than reaching for a physical card, I simply double-tap the power button on my iPhone and pay.

Plenty more card partners have arrived in the years since the original launch, and more retailers have been adopting the standard. Alongside teasing future updates, Apple is rolling out two fresh ways to pay using Apple Pay.

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Perseverance rover shares update during tricky Mars climb

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Perseverance rover shares update during tricky Mars climb

NASA’s Perseverance rover is in the middle of a months-long journey up the rim of Jezero Crater on Mars, and on Thursday it beamed back a status update.

The vehicle started the climb in August in what’s considered to be the most ambitious and arduous phase of Perseverance’s mission since arriving at the red planet in early 2021.

“My journey to the rim of Jezero Crater has been a challenging one,” the rover said in a post on its social media account overseen by NASA’s Jet Propulsion Laboratory, which is conducting the Mars mission. “As you can see in this image from my rear Hazcam, I’m dealing with some steep and slippery terrain. But thanks to my team and autonomous navigation system, I’m avoiding any big hazards as I slowly make my way up.”

The image, below, shows one of the rover’s six wheels and the tracks left by them as Perseverance performs its climb.

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In an earlier post, Perseverance said it has a few spots to explore on its way to the top, adding that the JPL team was most excited about an area over the crest and outside the crater called Witch Hazel Hill, which includes the most ancient martian crust that the rover is likely to encounter on its journey.

To get there, Perseverance is tackling slopes of up to 23 degrees and which rise around 1,000 feet (305 meters).

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Perseverance has spent pretty much all of the last three-and-a-half years exploring the floor of Jezero Crater, as well as the site of an ancient river delta. NASA selected this area for the mission as it was once a huge lake that may have contained microbial life. Perseverance has been collecting cores of rock from this location for later analysis that could reveal if life ever existed on the faraway planet.






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Instagram’s new safety features tackle sextortion against teens

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Featured image for Instagram

Social apps can be very useful for staying in touch and sharing moments with your contacts. However, they can also be dangerous, especially for teenagers, as they facilitate direct contact with bad actors. Meta has announced a series of safety features aimed at teens on Instagram. The changes aim to address cases of sextortion.

Sextortion is a form of blackmail under the threat of sharing intimate photos with your contacts or posting them publicly. The perpetrators can demand large sums of money to not publish such content or even other things. Teenagers are currently the most vulnerable to this type of attack due to the nature of social networks.

Instagram’s new safety features against sextortion on teen accounts

Now, Meta has announced some changes that seek to even prevent “potentially scammy” profiles from contacting more potential victims via Instagram. Firstly, users’ main inboxes will hide or even completely block message requests from such accounts. In addition, accounts belonging to teenagers (up to 16 years old) will not be able to exchange messages with anyone they do not already follow.

Instagram will also display a warning to teens when they receive a message from a suspicious account. Accounts tagged as “potentially scammy” by Instagram will not be able to access the list of followers or people tagged in photos of teen accounts. This will prevent them from being able to access a list of new potential victims.

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There are no more specific details on how Instagram determines that an account is “potentially scammy.” However, some factors the system considers are the age of the account, contacts in common with a particular profile, or the country of origin of the account.

Security shields integrated into DMs too

If bad actors manage to bypass those safety features, Instagram still has built-in tools on DMs for teen accounts. The temporary messaging feature will prevent screenshots or screen recordings for photos or videos. These types of images will also not be available on Instagram web. There is also a tool that detects photos with nudity in DMs and automatically blurs them.

Meta has recently been making additional efforts to ensure the safety of teenagers on the platform. The company is in the crosshairs of US authorities for potential harm to young people’s mental health. So, it must try to gain the trust of the public and state representatives.

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X updates its privacy policy to allow third parties to train AI models with its data

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X updates its privacy policy to allow third parties to train AI models with its data

X is updating its privacy policy with new language that allows it to provide users’ data to third-party “collaborators” in order to train AI models. The , which takes effect November 15, 2024, would seem to open the door to Reddit-like arrangements in which outside companies can pay to license data from X.

The updated policy shared by X includes a new section titled “third-party collaborators.”

Depending on your settings, or if you decide to share your data, we may share or disclose your information with third parties. If you do not opt out, in some instances the recipients of the information may use it for their own independent purposes in addition to those stated in X’s Privacy Policy, including, for example, to train their artificial intelligence models, whether generative or otherwise.

While the policy mentions the ability to opt out, it’s not clear how users would actually do so. As TechCrunch , the policy points to users’ settings menu, but there’ doesn’t appear to be an control for opting out of data sharing. The policy doesn’t go into effect until next month, though, so there’s still a chance that could change. X didn’t respond to a request for comment.

If X were to begin licensing its data to other companies, it could open up a significant new revenue stream for the social media company, which has seen from major advertisers.

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In addition to the privacy policy, X is also updating its with stricter penalties for entities that are caught “scraping” large numbers of tweets. In a section titled “liquidated damages” the company states anyone viewing or accessing more than a million posts a day will be subject to a penalty of $15,000.

Protecting our users’ data and our system resources is important to us. You further agree that, to the extent permitted by applicable law, if you violate the Terms, or you induce or facilitate others to do so, in addition to all other legal remedies available to us, you will be jointly and severally liable to us for liquidated damages as follows for requesting, viewing, or accessing more than 1,000,000 posts (including reply posts, video posts, image posts, and any other posts) in any 24-hour period – $15,000 USD per 1,000,000 posts.

X owner Elon Musk has previously railed against “scraping.” Last year, the company temporarily blocked people from viewing tweets while logged out, in a move Musk to fending off scrapers. He also moved X’s API behind , which has drastically hindered researchers’ ability to study what’s happening on the platform. He’s also used allegations of “scraping” to justify against organizations that have attempted to study hate speech and other issues on the platform.

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SambaNova and Gradio are making high-speed AI accessible to everyone—here’s how it works

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SambaNova and Gradio are making high-speed AI accessible to everyone—here’s how it works

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SambaNova Systems and Gradio have unveiled a new integration that allows developers to access one of the fastest AI inference platforms with just a few lines of code. This partnership aims to make high-performance AI models more accessible and speed up the adoption of artificial intelligence among developers and businesses.

“This integration makes it easy for developers to copy code from the SambaNova playground and get a Gradio web app running in minutes with just a few lines of code,” Ahsen Khaliq, ML Growth Lead at Gradio, said in an interview with VentureBeat. “Powered by SambaNova Cloud for super-fast inference, this means a great user experience for developers and end-users alike.”

The SambaNova-Gradio integration enables users to create web applications powered by SambaNova’s high-speed AI models using Gradio’s gr.load() function. Developers can now quickly generate a chat interface connected to SambaNova’s models, making it easier to work with advanced AI systems.

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A snippet of Python code demonstrates the simplicity of integrating SambaNova’s AI models with Gradio’s user interface. Just a few lines are needed to launch a powerful language model, underscoring the partnership’s goal of making advanced AI more accessible to developers. (Credit: SambaNova Systems)

Beyond GPUs: The rise of dataflow architecture in AI processing

SambaNova, a Silicon Valley startup backed by SoftBank and BlackRock, has been making waves in the AI hardware space with its dataflow architecture chips. These chips are designed to outperform traditional GPUs for AI workloads, with the company claiming to offer the “world’s fastest AI inference service.”

SambaNova’s platform can run Meta’s Llama 3.1 405B model at 132 tokens per second at full precision, a speed that is particularly crucial for enterprises looking to deploy AI at scale.

This development comes as the AI infrastructure market heats up, with startups like SambaNova, Groq, and Cerebras challenging Nvidia’s dominance in AI chips. These new entrants are focusing on inference — the production stage of AI where models generate outputs based on their training — which is expected to become a larger market than model training.

SambaNova’s AI chips show 3-5 times better energy efficiency than Nvidia’s H100 GPU when running large language models, according to the company’s data. (Credit: SambaNova Systems)

From code to cloud: The simplification of AI application development

For developers, the SambaNova-Gradio integration offers a frictionless entry point to experiment with high-performance AI. Users can access SambaNova’s free tier to wrap any supported model into a web app and host it themselves within minutes. This ease of use mirrors recent industry trends aimed at simplifying AI application development.

The integration currently supports Meta’s Llama 3.1 family of models, including the massive 405B parameter version. SambaNova claims to be the only provider running this model at full 16-bit precision at high speeds, a level of fidelity that could be particularly attractive for applications requiring high accuracy, such as in healthcare or financial services.

The hidden costs of AI: Navigating speed, scale, and sustainability

While the integration makes high-performance AI more accessible, questions remain about the long-term effects of the ongoing AI chip competition. As companies race to offer faster processing speeds, concerns about energy use, scalability, and environmental impact grow.

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The focus on raw performance metrics like tokens per second, while important, may overshadow other crucial factors in AI deployment. As enterprises integrate AI into their operations, they will need to balance speed with sustainability, considering the total cost of ownership, including energy consumption and cooling requirements.

Additionally, the software ecosystem supporting these new AI chips will significantly influence their adoption. Although SambaNova and others offer powerful hardware, Nvidia’s CUDA ecosystem maintains an edge with its wide range of optimized libraries and tools that many AI developers already know well.

As the AI infrastructure market continues to evolve, collaborations like the SambaNova-Gradio integration may become increasingly common. These partnerships have the potential to foster innovation and competition in a field that promises to transform industries across the board. However, the true test will be in how these technologies translate into real-world applications and whether they can deliver on the promise of more accessible, efficient, and powerful AI for all.


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The best iPhones to buy in 2024

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The best iPhones to buy in 2024

New iPhones are here, but Apple Intelligence is MIA. The much-hyped AI features will start to ship with iOS 18.1 in October, and they’ll include things like notification summaries and generative AI-powered writing tools. It’s all pretty standard fare at this point, but more promising features will continue to roll out well into 2025 — at least, that’s what Apple says.

It all puts the iPhone 16 and 16 Pro in an unusual spot: even once 18.1 drops, Apple Intelligence will still be a work in progress. That adds another dimension to the perennial question: “Is this the year to upgrade?”

Despite all the fuss about AI, our usual advice about phone buying holds true: hang on to the one you got. If you’re not the type of person to get excited about a new camera button, updated photo processing options, or incremental performance upgrades, then there’s no reason to rush out and buy an iPhone 16.

But if you’re questioning whether it’s the year to replace your iPhone 11 or 12 (or maybe even older, in which case well done!), then I think the answer is an easy yes. There are real gains this year, especially in the basic iPhone 16 and 16 Plus, without even considering AI. And if Apple Intelligence turns out to be something special, well, you’ll be ready for it.

The best iPhone for most people

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iPhone 16 in blue

$799

Apple’s baseline iPhone has a 6.1-inch screen, two rear cameras in a rearranged vertical layout, a customizable Action Button, and a new Camera Control button. It’s set to receive a score of AI software features as Apple rolls out Apple Intelligence.

Screen: 6.1-inch, 2556 x 1179 OLED, 60Hz refresh rate / Processor: A18 Cameras: 48-megapixel f/1.6 main with sensor-shift IS; 12-megapixel ultrawide; 12-megapixel selfie / Battery: Not advertised / Charging: 27W wired, 25W wireless MagSafe, 15W Qi2, 7.5W Qi / Weather-resistance rating: IP68

Apple’s basic iPhone enjoyed a significant hardware boost this time around, playing an overdue game of catch-up to the Pro series. The iPhone 16 includes the Action Button from last year’s Pro models — handy if there’s an app in your life you want to access at the touch of a button — and the new Camera Control. So if buttons are anything to go by, this phone is two better than last year’s model.

There’s more going on under the hood, too. The A18 chipset is in the same generation as the processor on the Pro models, which hasn’t been the case for the past couple of years. That bodes well for the 16 series staying on the same update schedule. And there’s extra RAM in this year’s base model, which can only be a good thing.

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The iPhone 16 Plus (left) and iPhone 16 (right).
Photo: Allison Johnson / The Verge

The iPhone 16 became a much more interesting camera this time around, too. The Camera Control offers a quick way to launch the camera app and adjust settings like exposure compensation. But there’s also a new set of Photographic Style filters this time around, with options to adjust contrast, brightness, and undertones to dial in your preferred rendering of skin tones. You’ll get better low-light performance by stepping up to the 16 Pro models, and other cool tricks like 4K recording at 120 fps. But even without all that, it’s the most customizable camera Apple has offered yet.

Outside of camera performance, there are two major drawbacks to picking the regular 16 over a Pro model: no zoom lens, and no ProMotion screen. Only the Pro has a dedicated 5x lens, which is handy for creative framing. And the standard 60Hz screen on the iPhone 16 will likely only bother you if you’re used to a smoother 120Hz display, though it’s annoying on principle that Apple keeps this feature to its Pro phones when virtually every other high-end phone has one.

Read my full Apple iPhone 16 review.

Best high-end iPhone

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$999

The iPhone 16 Pro sports a new 6.3-inch OLED panel with 120Hz refresh, all of which is powered by a new A18 Pro chip. Its triple camera array features a higher-res 48MP sensor for its ultrawide lens, and there’s a new physical Camera Control button for taking pictures and operating the camera app.

Screen: 6.3-inch, 2622 x 1206 OLED, 120Hz refresh rate / Processor: A18 Pro Cameras: 48-megapixel f/1.8 with sensor-shift IS; 12-megapixel 5x telephoto with OIS; 48-megapixel ultrawide; 12-megapixel selfie / Battery: Not advertised / Charging: 27W wired, 25W MagSafe wireless, 15W Qi2, 7.5W Qi / Weather-resistance rating: IP68

The iPhone 16 Pro gets a small but meaningful upgrade this time around: a bump up to a 5x zoom, which on the 15 series was reserved for the Pro Max. And while the change from a 3x to 5x zoom doesn’t look that impressive on paper, it goes a long way to making the smaller 16 Pro feel like an equal to the 16 Pro Max. For once, you don’t need to get the biggest phone to get the best phone.

The 16 Pro is roughly the same size as the 15 Pro, but it has a bigger screen: 6.3 inches, up from 6.1 inches. There’s also the new Camera Control, an upgraded 48-megapixel ultrawide on board, and naturally, a new chipset that’s ready and waiting for Apple Intelligence.

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This year’s smaller Pro phone comes with a 5x telephoto lens.
Photo by Amelia Holowaty Krales / The Verge

There’s nothing here that makes the 16 Pro an absolute must-upgrade. Still, plenty of people will want the latest device with all the bells and whistles, and the 16 Pro represents an opportunity to get all of those features without having to buy the biggest phone.

Read our full Apple iPhone 16 Pro review.

The iPhone with the best battery life

iPhone 16 Plus in pink.

$899

The iPhone 16 Plus is the larger version of the iPhone 16, with a jumbo-sized 6.7-inch screen and a bigger battery. Like the smaller model, it starts with 128GB of storage and is configurable with up to 512GB.

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Screen: 6.7-inch Super Retina OLED / Processor: A18 Cameras: 48-megapixel f/1.6 main with sensor-shift IS; 12-megapixel ultrawide; 12-megapixel selfie / Battery: Not advertised / Charging: 27W wired, 25W wireless MagSafe, 15W Qi2, 7.5W Qi / Weather-resistance rating: IP68

The thing about a big phone is that it has a big battery. And while that’s easy enough to understand, it still feels surprising how much more performance you can eke out of the iPhone 16 Plus’ battery. It’ll stretch well into a second day of use, and even if you’re conditioned to charge your phone every night, you’ll be amazed how much you have left in the tank at the end of each day. It’s a solid antidote to battery anxiety.

A bigger phone means a bigger battery.
Photo: Allison Johnson / The Verge

Naturally, the 16 Plus’ big-ness comes with another bonus: a bigger screen. The benefits are obvious here, too. But something that stands out to me when I use the phone is just how light it feels for its size, especially if you’re comparing it to the 16 Pro Max. If you like a big display but don’t need all of the weight of the Max — metaphorically and physically speaking — then the Plus is the way to go.

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Read our full Apple iPhone 16 Plus review.

Best inexpensive-ish iPhone

An iPhone 14 sitting upright on a table.

$599

The iPhone 14 is equipped with Apple’s A15 Bionic CPU and a 6.1-inch display and is available with onboard storage ranging from 128GB to 512GB. Read our review.

Screen: 6.1-inch, 2532 x 1170 OLED, 60Hz refresh rate / Processor: A15 Bionic Cameras: 12-megapixel f/1.5 main with sensor-shift IS; 12-megapixel ultrawide; 12-megapixel selfie / Battery: Not advertised / Charging: Wired, 15W wireless MagSafe, 7.5W Qi / Weather-resistance rating: IP68

Technically, the iPhone 14 isn’t the cheapest new iPhone you can buy. That honor goes to 2022’s iPhone SE, which starts at $429. But the SE uses an older design that makes it feel like a different kind of iPhone entirely. In the meantime, the 2022 iPhone 14 has been marked down twice to $599, making it the best deal you can get on a new, modern iPhone.

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The regular iPhone 14 didn’t come with a lot of upgrades; it felt more like an iPhone 13S. But it was in the first wave of iPhones to include Emergency SOS via satellite, which could be a literal lifesaver. And the 14 got some helpful camera improvements over the 13, including a larger main camera image sensor and better low-light image processing thanks to some processing pipeline updates.

Just a good, basic iPhone that will keep on running for years to come.
Photo by Amelia Holowaty Krales / The Verge

On the other hand, the 14 was the last generation of iPhone to come without the Dynamic Island, which is the pill-shaped notch that houses time-sensitive updates and status indicators. You’ll still get that information as notifications, but it’s not quite as handy as having it available at a glance no matter what you’re doing on your phone.

Another thing to be aware of: iPhone 14 series owners have complained of premature battery rundown, with overall battery health falling much faster than it should. Most of the battery complaints I’ve seen center on the 14 Pro models; still, it’s something to keep an eye on. All that said, the 14 should receive software updates for another four years, and that’s a pretty good ROI considering its new price.

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Read my full Apple iPhone 14 review.

Best iPhone if you really want a home button

$429

The 2022 iPhone SE is Apple’s least expensive phone, but its tiny 4.7-inch screen feels cramped now and may be tough to use in an age where apps and webpages are designed for bigger screens. Read our review.

Screen: 4.7-inch Retina LCD / Processor: A15 Bionic Cameras: 12-megapixel f/1.8 with OIS, 7-megapixel selfie / Battery: Not advertised / Charging: Wired, 7.5W Qi / Weather-resistance rating: IP67

The third-gen iPhone SE, released in 2022, is the last of its kind. It’s Apple’s least expensive iPhone, but it’s also the last phone to use Touch ID with a dedicated home button. If you’re not a fan of gesture navigation, you want an inexpensive iPhone, or maybe — imagine! — you just want a small iPhone, then the SE is your best bet. Well, it’s your only bet.

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This recommendation comes with some big caveats, starting with that screen. It’s small — at 4.7 inches, it’s significantly smaller than the iPhone 13 Mini’s display, even though the SE is slightly taller and wider than the Mini. The screen feels cramped, and the LCD technology looks dated.

The iPhone SE uses an old design, but it’s a great value. It’s also probably your last chance to buy an iPhone with a home button if that’s a thing you’re clinging to.
Image: Allison Johnson / The Verge

There are a couple other low points: the camera system doesn’t have a night mode, and there’s only 64GB of storage on the base model. All that said, if you’re accustomed to a bigger phone screen, the SE’s 4.7-inch LCD might be the thing that’s hardest to live with. But if a small screen doesn’t bother you and you just need that home button, then it’s hard to argue with the SE’s price.

Read our full Apple iPhone SE (2022) review.

What about the iPhone 15?

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Apple still sells the iPhone 15 new, cutting the price down to $699 with the introduction of the 16 series. If you’re paying for your phone out of pocket and want to save a bit of cash it’s a solid option — just know that it won’t be eligible for Apple Intelligence. The 15 Pro will be able to run Apple’s AI features when they arrive, but the standard 15 won’t.

There’s also a compelling argument for buying an iPhone 14 Plus at its twice-discounted rate of $699. Its big battery will go all day and then some, though you’ll miss out on the Dynamic Island, Action Button, and Camera Control. If you’re not fussed about getting the latest features and just want a big screen, then it’s a worthy candidate.

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