Aaaaand we’re again! With our Thanksgiving mini-hiatus behind us, it’s time for an additional version of Week in Overview — the e-newsletter the place we shortly wrap up probably the most learn TechCrunch tales from the previous seven(ish) days. Regardless of how busy you might be, it ought to provide you with a reasonably good concept of what folks had been speaking about in tech this week.
Need it in your inbox each Saturday morning? Join right here.
Instafest goes instaviral: You’ve most likely been to an incredible music pageant earlier than. However have you ever been to 1 made only for you? In all probability not. Instafest, an online app that went tremendous viral this week, helps you daydream about what that pageant may appear to be. Sign up together with your Spotify credentials and it’ll generate a promo poster for a fake pageant primarily based in your listening habits.
LastPass breached (once more): “Password supervisor LastPass stated it’s investigating a safety incident after its methods had been compromised for the second time this 12 months,” writes Zack Whittaker. Investigations are nonetheless underway, which sadly means it’s not tremendous clear what (and whose) knowledge may’ve been accessed.
ChatGPT opens up: This week, OpenAI broadly opened up entry to ChatGPT, which helps you to work together with their new language-generation AI via a easy chat-style interface. In different phrases, it enables you to generate (typically scarily well-written) passages of textual content by chatting with a robotic. Darrell used it to immediately write the Pokémon cheat sheet he’s at all times needed.
AWS re:Invents: This week, Amazon Net Companies hosted its annual re:Invent convention, the place the corporate reveals off what’s subsequent for the cloud computing platform that powers an enormous chunk of the web. This 12 months’s highlights? A low-code device for serverless apps, a pledge to provide AWS prospects management over the place on the earth their knowledge is saved (to assist navigate more and more difficult authorities insurance policies), and a device to run “city-sized simulations” within the cloud.
Twitter suspends Kanye (once more): “Elon Musk has suspended Kanye West’s (aka Ye) Twitter account after the latter posted antisemitic tweets and violated the platform’s guidelines,” writes Ivan Mehta.
Spotify Wraps it up: Every year in December, Spotify ships “Wrapped” — an interactive characteristic that takes your Spotify listening knowledge for the 12 months and presents it in an excellent visible approach. This 12 months it’s received the simple stuff like what number of minutes you streamed, nevertheless it’s additionally branching out with concepts like “listening personalities” — a Myers-Briggs-inspired system that places every consumer into one in every of 16 camps, like “the Adventurer” or “the Replayer.”
DoorDash layoffs: I hoped to go every week with no layoffs story cracking the record. Alas, DoorDash confirmed this week that it’s shedding 1,250 folks, with CEO Tony Xu explaining that they employed too shortly in the course of the pandemic.
Salesforce co-CEO steps down: “In a single week final December, [Bret Taylor] was named board chair at Twitter and co-CEO at Salesforce,” writes Ron Miller. “One 12 months later, he doesn’t have both job.” Taylor says he has “determined to return to [his] entrepreneurial roots.”
I anticipated issues to be a little quiet in TC Podcast land final week due to the vacation, however we one way or the other nonetheless had nice reveals! Ron Miller and Rita Liao joined Darrell Etherington on The TechCrunch Podcast to speak in regards to the departure of Salesforce’s co-CEO and China’s “nice wall of porn”; Group Chain Reaction shared an interview with Nikil Viswanathan, CEO of web3 growth platform Alchemy; and the ever-lovely Equity crew talked about the whole lot from Sam Bankman-Fried’s wild interview at DealBook to why all three of the co-founders at financing startup Pipe stepped down concurrently.
What lies behind the TC+ members-only paywall? Right here’s what TC+ members had been studying most this week:
Classes for elevating $10M with out giving up a board seat: Reclaim.ai has raised $10 million during the last two years, all “with out giving up a single board seat.” How? Reclaim.ai co-founder Henry Shapiro shares his insights.
Consultants are the brand new nontraditional VC: “Why are so many consultant-led enterprise capital funds launching now?” asks Rebecca Szkutak.
Fundraising in instances of better VC scrutiny: “Founders could also be discouraged on this setting, however they should keep in mind that they’ve ‘forex,’ too,” writes DocSend co-founder and former CEO Russ Heddleston.