Aaaaand we’re again! With our Thanksgiving mini-hiatus behind us, it’s time for an additional version of Week in Assessment — the e-newsletter the place we rapidly wrap up probably the most learn TechCrunch tales from the previous seven(ish) days. Irrespective of how busy you’re, it ought to provide you with a fairly good concept of what folks had been speaking about in tech this week.
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most learn
Instafest goes instaviral: You’ve in all probability been to an awesome 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 like. Register together with your Spotify credentials and it’ll generate a promo poster for a faux pageant based mostly in your listening habits.
LastPass breached (once more): “Password supervisor LastPass stated it’s investigating a safety incident after its techniques had been compromised for the second time this yr,” 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 permits you to generate (generally 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 wished.
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 yr’s highlights? A low-code software for serverless apps, a pledge to offer AWS prospects management over the place on the planet their knowledge is saved (to assist navigate more and more sophisticated authorities insurance policies), and a software 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 function that takes your Spotify listening knowledge for the yr and presents it in an excellent visible manner. This yr it’s bought the simple stuff like what number of minutes you streamed, but it surely’s additionally branching out with concepts like “listening personalities” — a Myers-Briggs-inspired system that places every consumer into certainly one of 16 camps, like “the Adventurer” or “the Replayer.”
DoorDash layoffs: I hoped to go every week with out a layoffs story cracking the checklist. Alas, DoorDash confirmed this week that it’s shedding 1,250 folks, with CEO Tony Xu explaining that they employed too rapidly throughout 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 yr later, he doesn’t have both job.” Taylor says he has “determined to return to [his] entrepreneurial roots.”
audio roundup
I anticipated issues to be a little quiet in TC Podcast land final week due to the vacation, however we by some means nonetheless had nice reveals! Ron Miller and Rita Liao joined Darrell Etherington on The TechCrunch Podcast to speak concerning the departure of Salesforce’s co-CEO and China’s “nice wall of porn”; Crew Chain Response shared an interview with Nikil Viswanathan, CEO of web3 growth platform Alchemy; and the ever-lovely Fairness crew talked about all the things from Sam Bankman-Fried’s wild interview at DealBook to why all three of the co-founders at financing startup Pipe stepped down concurrently.
TechCrunch+
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 over the past 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 higher VC scrutiny: “Founders could also be discouraged on this atmosphere, however they should do not forget that they’ve ‘forex,’ too,” writes DocSend co-founder and former CEO Russ Heddleston.
