*)Hi, folks, welcome to Week in Review (WiR), For Millionaires’s newsletter that highlights some of the more noteworthy moments in tech over the past few days. The holiday season is nigh upon us, but the tech industry waits for no one — on the horizon are IBM, AMD and Intel conferences, plus the Consumer that is annual Electronics in vegas. The news headlines period won’t anytime die down soon, and rest assured we’ll continue doing our best to keep you informed.

But I’m getting ahead of myself. A amount that is fair

this few days, including Amazon’s re:Invent conference, a ransomware disaster at Fidelity, Sam Altman formally going back to OpenAI, Neuralink increasing cash, and SpaceX obtaining a parachute business. Additionally, Tesla formally established the Cybertruck, Ebony Friday figures emerged in, Evernote imposed limits on its no-cost program, and Teenage Engineering revealed its gadget that is latest. We cover all that — and more — in this edition of WiR.First, a reminder to sign up here to receive WiR in your inbox every if you haven’t already done so saturday. Today, on because of the news.

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Amazon reinvents — again: 

Amazon’s annual re:Invent meeting, which centers on the technology giant’s AWS company, had been significantly subdued in 2010. But AWS CEO Adam Selipsky chatted a game that is big taking cheap shots at rivals, from Google and Microsoft to OpenAI. A business-oriented AI chatbot called Q and three new serverless offerings among the more notable unveilings was a $195 thin client that looks (suspiciously) similar to a Fire TV Cube. Christine has actually a roundup of this remaining portion of the notices.Massive Breach at Fidelity: Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services” and “North America’s title insurance company that is largest,” announced that it had experienced a cyberattack. Lorenzo writes that, since then, homeowners with mortgages and prospective buyers purchasing properties with FNF or one of its many subsidiaries have been left confused and concerned, not knowing exactly what’s happening — or what to do.

Altman returns to OpenAI: Sam Altman is officially back as OpenAI’s CEO after a week that is tumultuous modification. And OpenAI formally has actually a brand new board of directors — plus a board that is non-voting, courtesy of Microsoft — replacing most of the board that attempted to oust Altman in the days leading up to Thanksgiving.

Neuralink raises cash: Neuralink, the Elon Musk–founded company developing chips that are implantable can review mind waves, has actually raised one more $43 million in investment capital, in accordance with a filing because of the SEC. Established in 2016, Neuralink has actually developed a sewing device that is machine–like of implanting ultra-thin threads that connect to electrodes inside the brain. But Neuralink is under increasing scrutiny for what critics allege are a workplace that is toxic — and dishonest study techniques.

SpaceX buys parachutes: SpaceX is renowned for its integration that is vertical one component it’s been outsourcing is parachutes — until earlier this month, when the company quietly bought parachute vendor Pioneer Aerospace for $2.2 million after its parent company went bankrupt. Aria reports that it’s the second acquisition that is known SpaceX, which obtained tiny satellite startup Swarm in 2021 for a $524 million mainly stock offer.

The Cybertruck launches — for genuine: Tesla moved ahead on Thursday because of the long-awaited launch of the Cybertruck pickup that is electric an afternoon presser. Harri notes that the boxy vehicle is Tesla’s model that is first new 2020, with regards to began delivering the Model Y.

Black Friday growth: A rush of deep discounts while the development of versatile repayment choices had been the motorists behind $9.8 billion in web product sales when you look at the U.S. on Black Friday — a record figure during the day. Relating to Adobe Analytics, sales had been up by 7.5per cent on last year’s figures — a figure that Ingrid writes should offer some shock vacation cheer to merchants, which were witnessing total growth that is sluggish

Evernote hobbles its free plan: Days after Evernote started testing a free plan with access to only one notebook and 50 notes with limited users, the company has now made this its new default plan that is free. The note-taking software stated that this modification may be appropriate for many brand new and current no-cost people December that is starting 4.Teenage releases a groovebox:

Teenage Engineering’s new $300 groovebox has no business being this cute, Harri writes — and I can’t disagree. Called the EP-133 K.O.II, it’s a combination drum machine, synthesizer and sampler — an upgrade that is appropriately supersized Teenage Engineer’s pint-sized PO-33 K.O.ChatGPT transforms one:

OpenAI’s viral AI-powered chatbot ChatGPT switched one this few days. At first a free-to-use that is basic web-based and chat-focused interface on top of one of OpenAI’s existing models, GPT-3.5, ChatGPT would go on to become the company’s most popular product . . . ever — and the consumer that is fastest-growing in record. We blogged anything to mark the celebration.


In need of a podcast to fill enough time? You’re in chance. For Millionaires has actually a roster that is full keep you occupied.EquityThis week on a throwback episode of

, Alex chats with Anu Hariharan, who previously led YC Continuity, about what makes a founder that is“great exactly how those creators tend to be effectively leading their particular businesses toward cash-flow positivity. Hariharan recently partnered with two of her previous peers and previous Brex manager Lucas Fox to start a fund that is new Avra, which aims to raise about $350 million and operate a program that some are referring to as a “YC for growth.”FoundOver The crew was joined by Neil Batlivala from Pair Team, which is building the infrastructure that’ll help the most vulnerable populations get the clinical and social care they need through the coming Medicaid expansion on. Dom and Becca chatted to Neil how their past wellness technology knowledge led him to start out an organization exclusively focused on connecting attention facilities like meals pantries and shelters to training that is clinical care through Medicaid funding.Chain ReactionAnd on

, Jacquelyn interviewed Optimism’s CEO and co-founder Jing Wang and chief growth officer Ryan Wyatt. Optimism is an ethereum-focused blockchain that is layer-2 targets scaling and rate, while additionally bringing down charges for users.

For Millionaires+

TC+ subscribers access commentary that is in-depth 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 2024 IPO cohort comes into focus:

Many other unicorns are likely going to be watching how the upcoming Shein and Reddit IPOs perform, since they’ll pretty much prove how private-market that is high convert into the community areas, Alex writes.Fastest green cards if you’re from Asia or Asia:

Sophie Alcorn, the president of Alcorn Immigration Law in Silicon Valley, writes how creators from Asia or Asia will get cards that are green quickly as possible when facing deadlines from investors or partners — including through VC networks and resources.Tepid cybersecurity funding: (you might think that the sector was struggling, Alex writes*)If you looked at venture capital investment trends in the cybersecurity market. What’s the reason why? There’s not one, but several.