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Hyundai Prophecy and 45 SUV are jumping from concept to production in record time

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The Hyundai Prophecy is an evocative concept car. It’s a four-door all-electric luxury sedan with the shape of a vintage whale-tail Porsche. And based on the latest report by Auto Express, the Prophecy concept is entering production as the next-gen Hyundai Ioniq.

But that’s not all. The South Korean automaker is also earmarking the Hyundai 45 Concept for production. We first saw the Hyundai 45 at the Frankfurt Motor Show last year. It combines timeless, analog styling with the latest in electrified technology.

Together, the Prophecy and 45 will lead Hyundai’s arsenal of new electric cars. Hyundai is bent on veering away from the typical ‘Russian doll’ approach of other automakers by coming up with distinctive models across its lineup.

“The Prophecy is inspired by the 1930s streamlined era, while the 45 is more inspired by the 1970s but a more modern SUV style that’s more mainstream,” said SangYup Lee, Hyundai Senior Vice President and Head of Hyundai Global Design Center in an exclusive interview with Auto Express. “There will be a production version of Prophecy coming after a production version of the 45 concept,” confirmed Lee.

And with that, it seems the 45 will be first to enter production followed by the Prophecy, which makes a lot of sense. Crossovers and SUVs are more popular than sporty sedans, and the 45 Concept is based on a five-door hatchback design. The ‘45’ name is derived from the bevy of 45-degree angles on the vehicle’s body. It’s an all-electric crossover with a wedge-inspired design and dual sliding doors – the latter of which should be standard in the production version.

Meanwhile, the Prophecy is riding on Hyundai’s new E-GMP or Electric Global Modular Platform. According to the automaker, E-GMP will be the backbone of around 13 electrified Hyundai vehicles by 2022, with around nine more coming in the next three years. Similar to the 45, the Prophecy has retro-inspired styling cues with a boat-tail rear treatment, propeller-inspired wheels that draw heat away from the anchors, and pixelated headlights and taillights for a modernist touch.

“The Prophecy is a future sedan, but not a traditional type of sedan,” added Lee. “The EV skateboard platform with short overhangs and a cowl pulled forward enables us to stretch the cabin to provide more space inside.”

Hyundai’s approach is a welcome respite from the cookie-cutter models we’re all accustomed today, most especially car-based crossovers and SUVs. And while the 45 and Prophecy are worlds apart in terms of styling, this is how Hyundai envisions the future of the brand. “Our cars will be more like a chessboard where you have a King, Queen, Bishop, and Knight,” said Lee. “This is what the Hyundai look is all about – diversifying our design to fulfill our customer’s lifestyle.”

The Hyundai 45 will enter production by the end of 2020 while the Prophecy is slated to replace the Ioniq by 2021. From then on, electric cars will never be the same again.

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Tesla Set To Deliver The First Semi To Pepsi

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In October, Tesla’s CEO revealed that the production of the Tesla Semi had begun, and it was bound to be delivered today. Tesla has already started the countdown, and we expect the unveiling event to go down at the Nevada factory. The electric truck will be dispatched to Pepsi, which had ordered 100 units. Investor reports that Tesla’s stock price increased by 7.7% on Wednesday, probably in anticipation of Tesla’s Semi first delivery.

Musk tweeted on Saturday that the “Tesla team just completed a 500-mile drive with a Tesla Semi weighing in at 81,000 lbs!” However, considering that Musk said that the company is dealing with supply chain issues and market inflation, it’s unclear if Tesla will stick to the original $180,000 price it intended to sell at when it was announced in 2017. Then again, Tesla offers a cheaper Semi that will be available for about $150,000 — but it can only achieve up to 300 miles at full load capacity. For now, we can only wait until it’s on the road to confirm if the specs match up to what was promised five years ago.  

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Coinbase Joins Elon Musk In Slamming The Apple App Store Tax

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Coinbase complained that Apple’s insistence on its cut unreasonably interfered with its business.

Coinbase’s argument was largely the same as Elon Musk’s, and the basis of Epic Games’ aforementioned lawsuit. According to all of the above, Apple was half of a duopoly: with Google, it controlled the global app marketplace. The “duopoly” part of the argument is pretty much incontrovertible: As of October 2022, both Apple and Google control 99.43% of the global smartphone market between them (via StatCounter). Both get a 30% cut of everyone’s action on its marketplace. From the perspective of Coinbase, that took too much money out of too many elements of its business.

Epic sued over that and, as noted above, won with an asterisk. Apple had restricted in-app purchases, and courts found that anticompetitive, but did require that Apple get a 30% cut of the profits, even though they took place in someone else’s app. In short, according to the Verge, the court said that if you’ve found a way to make money using iOS, you owe Apple 30%, period.

Epic thought in-app purchases should be exempted from the tax. Coinbase thinks elements of the NFT development process — in this case, gas prices to run the processing equipment necessary to mint NFTs — should be exempt from Apple’s app tax. Apple treats all user expenses on an app as in-app purchases and, per the Epic court decision, in-app purchases mean Apple gets a cut.

It’s not a simple problem, and it’s not likely to be solved anytime soon. Stakeholders and regulators have barely begun to integrate cryptocurrency and NFTs into the conventional marketplace. Who gets paid for what is likely to be a conversation for years on end. For now, all that’s certain is that conversation has begun.

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LastPass Security Breach Exposed Some Customer Data, But Details Are Still Slim

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LastPass’ new blogpost continues to be vague about the nature of the latest security incident that has affected the platform. What it does reveal, however, is that the company recently detected yet another incident of “unusual activity” within a third-party cloud storage service connected to LastPass. LastPass stopped short of revealing details surrounding the affected third-party cloud service. However, TechCrunch has hinted at the possibility of the cloud service being AWS. For those unaware, starting in 2020, LastPass began using AWS (Amazon Web Services) to store more than a billion customer records on Amazon’s cloud.

LastPass goes on to add that the security incident prompted an immediate internal investigation, following which they ascertained that the threat actor was able to access “certain elements” of LastPass’ customer information. Interestingly, LastPass has also confirmed that the unauthorized party used data from the August 2022 incident to gain access to LastPass’ systems.

While LastPass hasn’t revealed the exact nature of customer information that has been breached, they maintain that customers’ passwords have not been affected. LastPass also said it had engaged the services of Mandiant — a leading security firm — to help them with the investigation. The company has also notified law enforcement agencies about the same. The company has promised to share more updates surrounding the latest incident after they conclude an internal investigation.

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