Welcome again to Week in Overview! I’m Karyne Levy, TechCrunch’s deputy managing editor, and I’ll be writing this text from right here on out. Thrilled to be right here!
This week we’re trying out the whole lot at SXSW; Waymo’s growth into Silicon Valley; Intel’s new CEO; TikTok’s new suitor; and why DeepSeek isn’t taking VC cash. Let’s get to it!
Environmental impression: The FBI, the EPA, the EPA inspector basic, and the Treasury Division requested that Citibank freeze accounts of a number of nonprofits and state authorities companies. The accounts had been frozen in February, however the brand new paperwork make public particulars that had beforehand been unknown till they had been revealed in court docket filings this week.
SXSW involves an finish: TechCrunch was throughout SXSW in Austin this week, driving in Waymo taxis, studying Mark Cuban’s ideas on AI (it’s a instrument, not a panacea), and deciphering the T-shirt that Bluesky’s CEO wore (seems she was taking a swipe at Mark Zuckerberg).
Intel’s new chief: Intel appointed Lip-Bu Tan as its subsequent CEO. Tan, a Malaysia-born, longtime tech investor, previously served as CEO of Cadence Design Techniques and mentioned that Intel can be an “engineering-focused firm” beneath his management. And he’ll have his work lower out for him.
That is TechCrunch’s Week in Overview, the place we recap the week’s largest information. Need this delivered as a publication to your inbox each Saturday? Enroll right here.
Information
A brand new period: Rad Energy Bikes has a brand new CEO only a few days after its earlier CEO stepped down. Kathi Lentzsch, who has spent years serving to flip round underperforming corporations in each the buyer and B2B areas, will take over the e-bike firm because it continues to shift away from direct-to-consumer in favor of a retail-based method.
Backdoor insurance policies: Final month it was revealed that the U.Okay. authorities secretly ordered Apple to create a “backdoor,” permitting authorities to entry the cloud-stored information of all Apple prospects. U.S. lawmakers are asking the top of the U.Okay.’s surveillance court docket to maintain an open listening to for Apple’s attainable problem to the alleged secret U.Okay. authorities authorized demand.
Meals for thought: Bryan Johnson — the investor and founder behind the Don’t Die motion — needs to start out “foodome” sequencing. His aim is to check as a lot meals as attainable, making a public database the place folks can donate cash to have sure meals and types examined for toxins.
No parking: Waymo’s 300 driverless automobiles in San Francisco are racking up parking tickets. The vehicles’ 589 parking violations totaled $65,065 in fines final yr.
Open Sesame: AI firm Sesame has launched the bottom mannequin used for Maya, its super-realistic voice assistant. The mannequin is open supply, too, which implies it may be used commercially.
Tick tock, TikTok: TikTok’s deadline to finalize its sale to a U.S. firm is simply across the nook, and now one other suitor is exhibiting curiosity — Oracle. Sources instructed The Data that ByteDance, TikTok’s father or mother firm, is favoring Oracle over different corporations.
Little tech’s hero: Y Combinator despatched a letter to the White Home this week, urging the federal government to help Europe’s Digital Markets Act, which goals to bust up Massive Tech’s market energy. It’s unclear how the White Home will reply.
Caviar desires: Trump’s household has been trying into investing in Binance U.S. This comes simply a few years after Binance’s U.S. arm plead responsible to violating anti-money laundering rules.
That was straightforward: I’m not against AI, particularly when it helps me be extra environment friendly. Take, for instance, a brand new characteristic that rolled out this week to Gmail. We are able to now add occasions to a Google Calendar straight from an e-mail. That’s cool!
Bought him: The co-founder of Garantex, a Russian cryptocurrency alternate, was arrested in India. Final week, the U.S. Division of Justice accused Aleksej Besciokov of personally approving transactions on Garantex linked to North Korean-government hackers and different cybercriminals.
Pokémon offered: Niantic, the corporate behind the viral sensation Pokémon GO, is promoting its gaming division to Scopely for $3.5 billion. Niantic mentioned it would now deal with constructing real-world 3D maps by means of a brand new stand-alone entity known as Niantic Spatial.
DeepSeek, deep pockets? Although it has tons of curiosity, Chinese language AI firm DeepSeek isn’t taking VC cash — but. Charles Rollet runs by means of a couple of the explanation why.
New day, new deal: OpenAI has signed a five-year, $11.9 billion settlement with the GPU-heavy cloud service supplier CoreWeave. However the amount of cash isn’t the one motive why this deal is eye-popping. Earlier than this deal, CoreWeave’s largest buyer was Microsoft.
Waymo One: Waymo is increasing its early rider program throughout Silicon Valley, now providing robotaxi rides to folks in Palo Alto, Mountain View, Los Altos, and elements of Sunnyvale. The brand new territories add to the 55 sq. miles of protection already provided within the San Francisco Bay Space.
Cool, cool: Reality-checking at Meta is getting an overhaul. Beginning Tuesday, the corporate will start releasing its model of Neighborhood Notes for Fb, Instagram, and Threads customers in the US.
We’ve obtained questions: Three years after its launch, precisely how Lockdown Mode works remains to be a thriller. There’s no clarification for why it takes among the actions it takes, and a few of its notifications are tremendous complicated.
Evaluation
The writing’s on the wall: OpenAI’s new artistic writing AI is spectacular however looks like that one child in highschool fiction membership who tries means too exhausting to sound deep. Whereas the AI can churn out intelligent metafiction, critics say its writing lacks actual emotion and originality, making it extra of a showoff than a real storyteller.
