Hey, associates — welcome to Week in Overview (WiR), TechCrunch’s common roundup of the week in tech. If life’s gotten in the way in which of following the key tales on TC, don’t sweat it. You’ve come to the fitting place.
On this version, we cowl the 19-year-old MIT dropout “changing gunpowder” for the protection business, in addition to VanMoof, the e-bike darling, which paused gross sales as execs head for the exits. Elsewhere, robotaxi haters in San Francisco have been disabling AVs with site visitors cones, Twitter CEO Elon Musk launched an AI group and Instagram’s Threads app reached 100 million downloads. Whew.
Learn on for extra of the highest tales from the week — and if you happen to haven’t already, join right here to get WiR in your inbox each Saturday.
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Hydrogen-powered defenses: Aria writes about Mach Industries, a protection startup that has captured the eye of VCs and the DoD. The corporate’s 19-year-old founder, Ethan Thornton, is spearheading the R&D of hydrogen-powered platforms for the navy, together with unmanned aerial autos, munitions and hydrogen-generation methods.
VanMoof skids off monitor: Dutch e-bike startup VanMoof sped into the mobility world with greater than $200 million in enterprise backing. However its fortune seems to have taken a flip for the more severe. The corporate stopped taking orders in late June, and sources declare that senior employees, together with the CEO and a co-founder, left govt roles as VanMoof makes an attempt to safe a bridge spherical to stave off chapter.
Pedestrians battle again: A decentralized group of protected streets activists in San Francisco realized they will disable Cruise and Waymo robotaxis by putting a site visitors cone on a automobile’s hood — they usually’re encouraging others to do it, too. The protest comes within the lead-up to a listening to that can doubtless see Waymo and Cruise increase their robotaxi companies in San Francisco.
Threads hits one other milestone: Regardless of missing options similar to publish search, direct messages and hashtags, Instagram’s text-based app and Twitter competitor Threads achieved the mark of 100 million sign-ups this week. The Twitter rival was launched on June 6 (or June 5 within the Americas), in line with a tracker.
Google Calendar will get availability sharing: This week, Google launched new scheduling-related options for Gmail with a Google Calendar integration, together with fast occasion creation and straightforward availability sharing. Gmail will now have a calendar icon on the backside of the dialog view, which can have two choices — “Create an occasion” and “Supply instances you’re free.”
Satellites get dodgy: Starlink satellites are making hundreds of avoidance maneuvers as low Earth orbit turns into extra crowded — feeding worries {that a} catastrophic affect is inevitable. SpaceX’s orbital communication satellites carried out maneuvers simply over 25,000 instances within the six-month interval between December 1, 2022, and Might 21, 2023, double the variety of avoidance maneuvers that Starlink satellites made within the earlier reporting interval.
Making interstellar area journey a actuality: Area propulsion firm Pulsar Fusion has began building on a big nuclear fusion chamber in England because it races to change into the primary agency to fireside a nuclear fusion–powered propulsion system in area. Nuclear fusion propulsion tech, ought to it show commercially viable, might cut back the journey time to Mars by half and the time to Titan, Saturn’s moon, to 2 years as an alternative of 10.
Anthropic releases Claude 2: This week, Anthropic, the AI startup co-founded by ex-OpenAI execs, introduced the discharge of a brand new text-generating AI mannequin known as Claude 2. Anthropic claims that Claude 2 is superior to its predecessor, Claude 1.3, in a number of areas and is very succesful in duties like looking throughout paperwork, summarizing, writing and coding and answering questions on specific matters.
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On Fairness, the crew talked a few vary of matters, together with a brand new Chinese language AI mannequin that had them questioning who’s actually going to win the AI conflict; Founders Fund scooping up a brand new accomplice; Connetic Ventures utilizing AI fashions to create a less-biased panorama for entrepreneurs; and the cooling tech layoffs and inflation.
And over at Chain Response, Jacquelyn interviewed Maria Shen, a normal accomplice on the funding workforce at Electrical Capital, an early-stage enterprise agency targeted on crypto, blockchain, fintech and marketplaces. In March 2022, the agency introduced that it closed $1 billion for a pair of crypto funds — a $400 million automobile for making fairness investments in startups and a $600 million fund meant to take a position instantly in crypto tokens.
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TC+ subscribers get entry to in-depth commentary, evaluation and surveys — which if you happen to’re already a subscriber. In case you’re not, contemplate signing up. Listed below are a number of highlights from this week:
Gentle on the finish of the tunnel:“There’s good cause to imagine that the large correction in enterprise capital exercise that we’ve seen over the previous six quarters has run its course,” Alex writes.
Amazon and the manufacturers it kills: Haje reviews on the destiny of Digital Pictures Overview, finest referred to as DPReview, which was thought to be probably the greatest assessment and information websites. Amazon acquired it in 2007, slowly changing the employees with contractors and freelancers till killing it in March.
ESG, protected for now: Company executives is likely to be making a variety of noise about ESG (environmental, social and governance) — a few of it optimistic, some not. However Tim writes that in terms of traders, sustainability considerations seem like right here to remain.
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