Welcome everyone to Week in Review (WiR). TechCrunch’s regular newsletter covering notable happenings in the tech industry this week.
TikTok’s status in the U.S. comes after President Joe Biden signed a bill that includes a deadline for TikTok’s parent company, ByteDance, to sell TikTok within nine months or face a U.S. distribution ban. Fate seems uncertain. TikTok’s bans in other countries could be an indication of what’s to come in the United States.
Meanwhile, the fallout from the Change Healthcare hack continues. Change, a subsidiary of health insurance giant UnitedHealth, said this week that a ransomware attack targeting the company earlier this year led to the large-scale theft of Americans’ personal health information, likely targeting a “significant portion” of Americans. admitted that.
The EV company’s profits also fell by 55% as Tesla battled increasing pressure from hybrid car makers. The automaker’s growth plans center around a mysterious, inexpensive electric vehicle, and possibly robotaxis, due to be released next year. But a Cybertruck recall due to a defective gas pedal definitely won’t help in the immediate future.
Many other things happened. In this edition of His WiR, we’ll summarize everything, but before we do that, let us remind you to sign up to receive her WiR newsletter in your inbox every Saturday.
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Amazon Grocery Plan: Amazon has launched a new unlimited grocery delivery subscription in the U.S. The plan costs $9.99 per month for Amazon Prime users and is available for orders of $35 or more at Amazon Fresh, Whole Foods Market, and other local grocery retailers. Order groceries and get them delivered for free.
California drone grounded: In more Amazon news, the tech giant confirmed it is ending its Prime Air drone delivery operations in Rockford, California. The central California town of 3,500 people is the company’s second U.S. drone delivery hub, after College Station, Texas. Amazon did not provide details about the setback.
Fisker plans to cut jobs: Fisker said it plans more cuts in the next two months after cutting 15% of its workforce as EV startups scramble to raise capital to survive. If Fisker is unable to raise the funds, it plans to file for bankruptcy protection within the next 30 days.
Stripe extension: Among many other announcements at the Sessions conference in San Francisco, Stripe announced that it is separating payments from the rest of its financial services stack. This is a big change considering that Stripe previously required businesses to become payment customers in order to use its other products.
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Rabbit practice: Brian writes about R1, the first gizmo from AI startup R1. He concluded that the R1’s $199 price, touchscreen, and funky aesthetics by renowned design firm Teenage Engineering make it far more accessible than Humane’s Ai Pin.
Lab-grown diamonds: Pascal, a startup backed by Andreessen Horowitz, claims that by using lab-grown diamonds, which are chemically and physically similar to natural diamonds, it can make luxury jewelry available for 20 times less. There is.
AI poetry: an experiment called poetry camera — an actual, physical camera — combines open source technology with playful design and artistic vision. Rather than simply capturing images, Poetry Camera places thought-provoking, AI-generated verses based on the visuals it encounters.
Ripple deep dive: Connie spoke with Parker Conrad, CEO of workforce management startup Rippling, about the company’s new $200 million funding round, new leases in San Francisco, and the city’s new We interviewed him about his second largest contract.
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