Aaaaand we’re again! With our Thanksgiving mini-hiatus behind us, it’s time for an additional version of Week in Review — the publication the place we shortly wrap up essentially the most learn TechCrunch tales from the previous seven(ish) days. Regardless of how busy you might be, it ought to offer you a reasonably good concept of what individuals had been speaking about in tech this week.
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Instafest goes instaviral: You’ve in all probability been to a fantastic music competition earlier than. However have you ever been to at least one made only for you? In all probability not. Instafest, an online app that went tremendous viral this week, helps you daydream about what that competition would possibly appear to be. Register along with your Spotify credentials and it’ll generate a promo poster for a fake competition primarily based in your listening habits.
LastPass breached (again): “Password supervisor LastPass stated it’s investigating a safety incident after its programs 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 would possibly’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 by 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 all the time wished.
AWS re:Invents: This week, Amazon Internet Companies hosted its annual re:Invent convention, the place the corporate reveals off what’s subsequent for the cloud computing platform that powers a large chunk of the web. This yr’s highlights? A low-code tool for serverless apps, a pledge to provide AWS clients management over the place on the earth their knowledge is saved (to assist navigate more and more difficult authorities insurance policies), and a tool to run “city-sized simulations” in the cloud.
Twitter suspends Kanye (again): “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: Annually in December, Spotify ships “Wrapped” — an interactive function that takes your Spotify listening knowledge for the yr and presents it in an excellent visible method. This yr it’s acquired 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 person into one in every of 16 camps, like “the Adventurer” or “the Replayer.”
DoorDash layoffs: I hoped to go per week with no layoffs story cracking the listing. Alas, DoorDash confirmed this week that it’s shedding 1,250 individuals, 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 yr 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 in some way 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”; Staff Chain Reaction shared an interview with Nikil Viswanathan, CEO of web3 growth platform Alchemy; and the ever-lovely Equity 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.
What lies behind the TC+ members-only paywall? Right here’s what TC+ members had been studying most this week:
Lessons for raising $10M without 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 new nontraditional VC: “Why are so many consultant-led enterprise capital funds launching now?” asks Rebecca Szkutak.
Fundraising in times of greater VC scrutiny: “Founders could also be discouraged on this surroundings, however they should keep in mind that they’ve ‘foreign money,’ too,” writes DocSend co-founder and former CEO Russ Heddleston.