Hey, people, and welcome to Week in Overview (WiR), TechCrunch’s e-newsletter that highlights key developments within the tech business over the previous few days. When you missed the information this week, no biggie. That’s what WiR is for. We’ll fill you in.
On this version, we cowl Reed Jobs, the son of Steve Jobs, who’s launching a brand new enterprise fund to again most cancers remedies; China’s cutthroat e-commerce ways; and fan-fiction writers rallying in opposition to a proposed U.S. legislation that might result in better surveillance on-line. Elsewhere, we pull again the curtains on Google Assistant reportedly pivoting to generative AI; NASA launching its personal streaming service, known as NASA+; and Walmart shopping for VC agency Tiger International’s remaining Flipkart stake.
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Jobs fights cancer: Reed Jobs, the 31-year-old son of Apple co-founder Steve Jobs and philanthropist Laurene Powell Jobs, is moving into the highlight with a brand new enterprise capital agency to put money into rising most cancers remedies. Referred to as Yosemite — after the nationwide park the place Reed’s dad and mom have been wed — the agency has already closed its debut fund with $200 million from distinguished people and establishments, together with MIT, Memorial Sloan Kettering Most cancers Middle and John Doerr.
Fight of the Chinese e-commerce giants: The battle between two of China’s largest e-commerce companies, Temu and Shein, is heating up. Temu just lately filed a court docket doc within the U.S. accusing fast-fashion big Shein of anticompetitive practices, which was a response to Shein’s accusations in March that Temu “willfully and flagrantly infringed Shein’s unique and helpful trademark and copyright rights.”
Fan-fiction writers protest online safety law:This week, fan-fiction writers penned letters to their senators, expressing their considerations that the U.S. Youngsters On-line Security Act (KOSA) might change the web without end. KOSA has been met with a flood of opposition from quite a lot of web communities; detractors fear that the invoice might limit queer children’ entry to affirming on-line assets or make it simpler for native governments to surveil abortion seekers.
Google Assistant embraces generative AI: Google is reportedly planning a significant revamp of Google Assistant, its AI-powered assistant, because the generative AI race heats up. An inside e-mail means that the brand new and improved Google Assistant can be “powered by the most recent LLM [large language model] expertise” — tech comparable, presumably, to that underpinning AI methods like OpenAI’s GPT-4.
NASA gets into streaming: NASA introduced this week that it’s going to launch a brand new streaming service later this yr known as NASA+. The ad-free, no-cost streaming portal will embrace stay protection of future launches, documentaries and new unique sequence that can be solely obtainable on the platform.
Walmart fully acquires Flipkart: Walmart has paid $1.4 billion to purchase out VC agency Tiger International’s remaining holding of Flipkart shares because the retail big additional expands its stake within the Indian e-commerce startup. Walmart, which spent $16 billion on a 77% stake in Flipkart in 2018, held 72% share within the agency as of final yr, in line with an evaluation by market intelligence agency Tracxn.
Apple gives X a pass: After weeks of adjustments to its social handles, branding on its interface, a redirect on the internet and plenty of chatter from its proprietor, Twitter the app has lastly modified its identify on the App Retailer to X. The one-letter identify might have an exception: Apple sometimes doesn’t enable builders to call their apps as a single character.
SpaceX tests a “pancake”: SpaceX performed a full-pressure check of a brand new water deluge system — which CEO Elon Musk described as “a mega-steel pancake” — for its Starship launch automobile, as the corporate seems to be to resolve one of many largest issues that cropped up throughout the orbital flight test in April.
Searching for podcasts to go the time? You’re in luck. TechCrunch has a wealth of content material on your listening pleasure.
On Equity, the crew hosted Sara Mauskopf, the CEO and co-founder of the childcare market Winnie, to debate the state of care as a venture-backable class, the place startups can discover probably the most impression and enterprise outcomes and the pressures of fundraising-driven progress in care-oriented markets.
This week’s episode of Found, in the meantime, centered on ReBokeh, a startup that created an app that applies filters to permit folks with low imaginative and prescient to see higher. The founder and CEO, Rebecca Rosenberg, talked about how her personal expertise with having low imaginative and prescient impressed the product and what it was like constructing ReBokeh as an undergrad when all the things went distant in 2020.
And over on Chain Reaction, Jesse Pollak, head of protocols at Coinbase, chatted in regards to the launch of Base, a brand new Ethereum-based blockchain that’s set to launch on Coinbase in only a few days. Pollak dove into what’s occurring and why it issues, in addition to the place he sees Base going within the distant future.
TC+ subscribers get entry to in-depth commentary, evaluation and surveys — which you realize if you happen to’re already a subscriber. When you’re not, consider signing up. Listed below are a number of highlights from this week:
The future of AI is video: Haje writes about how generative AI video tech is advancing shortly — and the way it’s opening up a world stuffed with potentialities which might be each good and horrible.
Crypto’s not dead yet: The crypto world may be shaky — however the blockchain developer house is exhibiting indicators of promise. Responding to a survey for TC+, builders confirmed most curiosity in sensible contract safety and account abstraction.
Room-temperature superconductors: Final week, a crew from South Korea claimed to have created a cloth that superconducts at ambient temperature. It’s too early to inform whether or not their work will maintain as much as scientific scrutiny. However Tim writes that, if it does, many industries could be ripe for upheaval.
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