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Hi , folks , welcome to Week in Review ( WiR ) , TechCrunch ’s newssheet that highlights some of the more remarkable instant in tech over the past few day . The vacation time of year is nigh upon us , but the technical school industry waits for no one — on the purview are IBM , AMD and Intel group discussion , plus the annual Consumer Electronics Show in Las Vegas . The news cycle wo n’t pop off down anytime presently , and residuum assured we ’ll stay on doing our salutary to keep you informed .
But I ’m get forwards of myself . A reasonable amount happenedthisweek , including Amazon ’s re : Invent league , a ransomware catastrophe at Fidelity , Sam Altman officially return to OpenAI , Neuralink enhance money , and SpaceX develop a parachute troupe . Also , Tesla officially launched the Cybertruck , Black Friday number add up in , Evernote enforce cap on its free plan , and Teenage Engineering bring out its latest contraption . We cover all that — and more — in this edition of WiR.
First , a reminder tosign up hereto receive WiR in your inbox every Saturday if you have n’t already done so . Now , on with the news program .
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Amazon reinvents — again : Amazon ’s annualre : Inventconference , which focus on the technical school giant ’s AWS business , was more or less suppress this year . But AWS chief executive officer Adam Selipsky talked a big game , takingcheap shotsat rivals , from Google and Microsoft to OpenAI . Among the more notable unveiling was a $ 195thin clientthat looks ( suspiciously ) similar to aFire TV Cube , a business - oriented AI chatbot calledQandthree unexampled serverless offerings . Christine has aroundupof the respite of the announcements .
monolithic break at Fidelity : Last Tuesday , Fidelity National Financial , or FNF , a real estate service ship’s company that bills itself as the “ guide supplier of title insurance and escrow service ” and “ North America ’s largest title insurance company,”announced that it had experienced a cyberattack . Lorenzo writes that , since then , homeowners with mortgages and prospective vendee purchasing property with FNF or one of its many subsidiary company have been depart confused and concerned , not knowing exactly what ’s materialize — or what to do .
Altman returns to OpenAI : Sam Altman is officially back as OpenAI ’s CEO after atumultuousweek and alteration . And OpenAI officially has a new board of directors — plus a non - voting board observer , courtesy of Microsoft — replacing most of the board that attempted to expel Altman in the days pass up to Thanksgiving .
Neuralink raises cash : Neuralink , the Elon Musk – founded caller developing implantable chips that can translate brainpower waves , has rear an additional $ 43 million in venture capital , according to a filing with the SEC . Founded in 2016 , Neuralink has devised a stitchery machine – like twist up to of embed ultra - thin threads that associate to electrodes inside the brain . But Neuralink is under increase examination for what critics allege are a toxic work culture — and unethical research exercise .
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SpaceX buys chute : SpaceX is known for its perpendicular desegregation , but one component it ’s been outsourcing is parachutes — until earlier this month , when the party softly bought parachute vendor Pioneer Aerospace for $ 2.2 million after its parent fellowship went bankrupt . Aria reports that it ’s the secondly known acquirement for SpaceX , whichacquired small satellite inauguration Swarmin 2021 for a $ 524 million mostly stock stack .
The Cybertruck launches — for real : Tesla moved forward on Thursday with the long - wait launch of its Cybertruck electric cartridge during an good afternoon presser . Harri observe that the boxy fomite is Tesla ’s first new model since 2020 , when itstarted deliveringthe Model Y.
Black Friday boom : A rush of bass discounts and the growth of flexible payment selection were the drivers behind $ 9.8 billion in on-line sales in the U.S. on Black Friday — a phonograph recording figure for the day . According toAdobe Analytics , sales were up by 7.5 % on last year ’s bit — a figure that Ingrid write should allow for some surprise holiday cheer to retailers , which have been seeing overall sluggish growth .
Evernote hobble its free plan : Clarence Day afterEvernote set off testing a free plan with accession to only one notebook and 50 noteswith modified exploiter , the company has now made this its raw default free plan . The note - get app said that this change will be applicable for all new and subsist free users starting December 4 .
Teenage Engineering releases a groovebox : Teenage Engineering ’s novel $ 300 groovebox has no business being this cute , Harri writes — and I ca n’t disagree . Called the EP-133 K.O.II , it ’s a combination tympan machine , synthesist and sampler — an appropriately supersized upgrade to Teenage Engineer ’s dry pint - sized PO-33 K.O.
ChatGPT turns one : OpenAI ’s viral AI - powered chatbotChatGPTturned one this hebdomad . Initially a basic free - to - use , WWW - free-base and chat - focused interface on top of one of OpenAI ’s exist role model , GPT-3.5 , ChatGPT would go on to become the company ’s most democratic product . . . ever — and the quickest - growing consumer app in chronicle . I write something tomarkthe occasion .
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In need of a podcast to fill the time ? You ’re in luck . TechCrunch has a full roll to keep you occupied .
This calendar week on a throwback installment ofEquity , Alex chats with Anu Hariharan , who antecedently led YC Continuity , about what make a “ great ” founder and how those founder are successfully guide their party toward cash - rate of flow advantageousness . Hariharan late partnered with two of her former colleagues and former Brex executive director Lucas Fox to set in motion a new investment company , Avra , which aims to raise about $ 350 million and operate a program that some are advert to as a “ YC for increase . ”
Over onFound , the crew was joined by Neil Batlivala from Pair Team , which is work up the base that ’ll help the most vulnerable population get the clinical and social care they involve through the do Medicaid expansion . Dom and Becca talked to Neil about how his previous health tech experience lead him to start a troupe solely focalize on connect maintenance facilities like food for thought pantries and shelters to clinical training and care through Medicaid funding .
And onChain Reaction , Jacquelyn interview Optimism ’s CEO and co - founder Jing Wang and chief growth officer Ryan Wyatt . Optimism is an Ethereum - focalize layer-2 blockchain that focus on grading and f number , while also lowering costs for users .
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The 2024 IPO cohort comes into focal point : Many other unicorns are likely going to be watching how the forthcoming Shein and Reddit initial offering perform , since they ’ll middling much try out how mellow private - market valuations translate to the public markets , Alex writes .
fast green cards if you ’re from India or China : Sophie Alcorn , the beginner of Alcorn Immigration Law in Silicon Valley , writes about how founders from India or China can get green cards as quickly as possible when facing deadlines from investors or collaborator — including through VC networks and resources .
Tepid cybersecurity funding : If you looked at venture capital investment trends in the cybersecurity food market , you might think that the sphere was struggling , Alex writes . What ’s the rationality ? There ’s not one , but several .
