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Welcome to Week in Review!
Hey, folks. You’ve made it to the end of the week — congrats, by the way — and to Week in Review (WiR), TechCrunch’s regular newsletter covering the week that was in tech. Here, we do our best to curate the top stories that emerged over the past five days. Hope you find it useful.
PSAs
Before we dive into the news, we have a few Public Service Announcements.
TechCrunch Live with Romi Gubes
On May 24, TechCrunch Live, TC’s podcast about founder stories, will host Romi Gubes, the co-founder of Sensi.AI, in a discussion about how the company uses audio-based software to monitor patients and assist medical staff and family members with care. (Register for it here — it’s free.)
TechCrunch City Spotlight on Atlanta
The TechCrunch City Spotlight will go virtual on June 7 with a focus on Atlanta, where speakers will present about building businesses in the exploding metro and startups will apply to participate in TC’s famed Battlefield 200.
Disrupt in San Francisco
Disrupt, TC’s flagship conference, will return September (September 19–21) in San Francisco. Expect six stages of presenters, including a new AI-focused stage, and plenty of surprises. Learn more here.
Most Read
Here are the most-read stories for this week:
Young billionaire buys Forbes:
Austin Russell, the 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street Journal this week that he’s buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million.
New Teslas on the way:
Tesla CEO Elon Musk teased two new electric vehicles Tuesday at the automaker’s 2023 annual shareholder’s meeting. Tesla previously hinted at new models during its Investor Day in March, displaying a photo with the company’s entire lineup and several unveiled car outlines.
Free TV, but with a catch:
Telly, a hardware startup led by Pluto TV co-founder Ilya Pozin, announced Monday that it’s giving away 500,000 of its new smart TVs for free. (Yes, we said free.)
ChatGPT goes mobile:
This week, OpenAI announced the launch of an official iOS app that lets users access its popular AI chatbot on the go — months after the App Store was filled with dubious, unofficial services.
Holmes headed to prison:
After years of high-profile court proceedings, Elizabeth Holmes could actually be headed to prison — for real this time.
Kustomer leaves Meta, raises money:
Meta’s grand experiment in building an enterprise-ready customer service platform has come to a close.
Lock and hide:
WhatsApp announced today that it’s introducing a new “Chat Lock” feature designed to give users an additional layer of security for their most intimate conversations.
Humanoid robots FTW:
Vancouver, British Columbia–based Sanctuary AI this week unveiled Phoenix, its stab at the humanoid robot form factor.
Audio
Need listening material for the weekend? Not to worry — TechCrunch has you covered (and then some). Here are a few highlights from this week:
- Equity
- Found
- Chain Reaction
- The TechCrunch Podcast
- TechCrunch Live
TechCrunch+
TC+ subscribers get access to in-depth commentary, analysis and surveys — which you know if you’re already a subscriber. If you’re not, consider signing up. Here are a few highlights from this week:
The new rules of venture debt:
The collapse of Silicon Valley Bank (SVB) was not the end of venture debt, but it was likely the end of companies raising debt with the same ease many were accustomed to. Rebecca writes about the state of venture debt in the wake of SVB and then First Republic Bank’s collapse and how it might change in the future.
Alibaba, in the clouds:
Chinese tech giant Alibaba is shaking up its corporate structure in a series of moves that will allow large pieces of its business to raise capital and potentially even go public.
AI in retail, maturing:
Hugh Cameron, head of data for Zitcha, looks at the three most important milestones along the road to predictive analysis in the retail media context.
Calling all early-stage startups! Apply to join the Startup Battlefield 200 cohort at TechCrunch Disrupt 2023. All finalists get expert training, VC networking, a booth at Disrupt, and the chance to compete for $100,000 in equity-free funds. Applications close May 31. Apply today.
FAQs
What is TechCrunch?
TechCrunch is a leading technology media property that offers news, reviews, and analysis of tech companies, products, services, and events.
What is Week in Review?
Week in Review, or WiR, is TechCrunch’s weekly newsletter curating the top stories that emerged over the past five days related to the tech industry.
When is TechCrunch Disrupt 2023 happening?
TechCrunch Disrupt 2023 will happen on September 19–21 in San Francisco.
What will be the highlights of TechCrunch Disrupt 2023?
TechCrunch Disrupt 2023 will have six stages of presenters, including a new AI-focused stage. There will be plenty of surprises, too!
What is a chat lock?
A chat lock is a feature that lets you protect a particular chat in a messaging app with your device password or biometric data, such as a fingerprint.
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