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Instacart to eliminate about 2,000 jobs and GitHub head of HR resigns - techcrunch

Instacart to eliminate about 2,000 jobs and GitHub head of HR resigns

Hey y’all. You’ve just landed on Human Capital, the weekly newsletter that details the latest in labor, and diversity and inclusion in tech. The week kicked off with GitHub making a public apology to the person the company terminated for cautioning his employees about Nazis in D.C. on the day of the insurrection at the […]
techcrunch - 5 hours ago
Original Content podcast: ‘Bridgerton’ is an addictive reimagining of Jane Austen-style romance - techcrunch

Original Content podcast: ‘Bridgerton’ is an addictive reimagining of Jane Austen-style romance

“Bridgerton,” the Shondaland drama that launched last month on Netflix, offers a few key updates to the standard formula of Regency-era  romance. For one thing, there’s a racially diverse cast, with Black actors taking on the role of early 19th-century English nobility and royalty. (At one point, one of the characters offers an unconvincing explanation […]
techcrunch - 9 hours ago
Watch SpaceX launch its first dedicated rideshare mission live, carrying a record-breaking number of satellites - techcrunch

Watch SpaceX launch its first dedicated rideshare mission live, carrying a record-breaking number of satellites

SpaceX is set to launch the very first of its dedicated rideshare missions – an offering it introduced in 2019 that allows small satellite operators to book a portion of a payload on a Falcon 9 launch. SpaceX’s rocket has a relatively high payload capacity compared to the size of many of the small satellites produced […]
techcrunch - 12 hours ago
Is anything too big to be SPAC’d? - techcrunch

Is anything too big to be SPAC’d?

While many deemed 2020 the year of SPAC, short for special purpose acquisition company, 2021 may well make last year look quaint in comparison. It’s probably not premature to be asking: is anything too big to be SPAC’d? Just today, we saw the trading debut of the most valuable company to date go public through […]
techcrunch - 23 hours ago
Daily Crunch: Alphabet shuts down Loon - techcrunch

Daily Crunch: Alphabet shuts down Loon

Alphabet pulls the plug on its internet balloon company, Apple is reportedly developing a new MacBook Air and Google threatens to pull out of Australia. This is your Daily Crunch for January 22, 2021. The big story: Alphabet shuts down Loon Alphabet announced that it’s shutting down Loon, the project that used balloons to bring […]
techcrunch - 1 day ago
Backed by Vint Cerf, Emortal wants to protect your digital legacy from ‘bit-rot’ - techcrunch

Backed by Vint Cerf, Emortal wants to protect your digital legacy from ‘bit-rot’

We are all pumping out data into the cloud. Some of it we’d like to keep forever. Emortal is a startup that wants to help you organize, protect, preserve and pass on your ‘digital legacy’ and protect it from becoming unreadable, otherwise known as ‘bit-rot’. The project has received backing from the legendary Vint Cerf, one of […]
techcrunch - 1 day ago
Drupal’s journey from dorm-room project to billion-dollar exit - techcrunch

Drupal’s journey from dorm-room project to billion-dollar exit

Moving from dorm room to billion-dollar exit is the dream of every startup founder. Dries Buytaert got there by being bold, working hard and thinking big.
techcrunch - 1 day ago
Boston Globe will consider people’s requests to have articles about them anonymized - techcrunch

Boston Globe will consider people’s requests to have articles about them anonymized

The Boston Globe is starting a new program by which people who feel an article at the newspaper is harmful to their reputation can ask that it be updated or anonymized. It’s reminiscent of the E.U.’s “right to be forgotten,” though potentially less controversial, since it concerns only one editorial outlet and not a content-agnostic […]
techcrunch - 1 day ago
Xbox Live Gold is getting a big price hike - techcrunch

Xbox Live Gold is getting a big price hike

In what feels like an attempt at kicking some bad news under the rug on a Friday, Microsoft announced this morning that the price of Xbox Live Gold is going up.
techcrunch - 1 day ago
EVgo to go public via SPAC in bid to power EV charging expansion - techcrunch

EVgo to go public via SPAC in bid to power EV charging expansion

EVgo, the wholly owned subsidiary of LS Power that owns and operates public fast chargers for electric vehicles, has reached a deal to become a publicly traded company through a merger with special-purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corporation. The combined company, which will be listed under the new ticker symbol […]
techcrunch - 1 day ago
Pinterest launches an AR-powered Try-on experience for eyeshadow - techcrunch

Pinterest launches an AR-powered Try-on experience for eyeshadow

Pinterest is expanding its virtual makeup try-on capabilities with today’s launch of a new augmented reality feature that allows online shoppers to virtually try on new eyeshadow. Initially, Pinterest is allowing try-on with 4,000 shades from brands like Lancome, YSL, Urban Decay, and NYX Cosmetics. The feature leverages Pinterest’s existing Lens visual search technology, its […]
techcrunch - 1 day ago
Google refreshes its mobile search experience - techcrunch

Google refreshes its mobile search experience

Google today announced a subtle but welcome refresh of its mobile search experience. The idea here is to provide easier to read search results and a more modern look with a simpler, edge-to-edge design. From what we’ve seen so far, this is not a radically different look, but the rounded and slightly shaded boxes around […]
techcrunch - 1 day ago
Sounding Board raises cash as startups wake up to executive coaching - techcrunch

Sounding Board raises cash as startups wake up to executive coaching

In an unprecedented work environment defined by distributed teams and virtual-only communication, two co-founders think their 2018 bet reigns truer than ever: mentors need mentorship, too. Christine Tao and Lori Mazan, the brains behind Sounding Board, want to train any leader within an organization to be a better leader. The San Francisco startup connects anyone […]
techcrunch - 1 day ago
How VCs invested in Asia and Europe in 2020 - techcrunch

How VCs invested in Asia and Europe in 2020

Falling seed volume, lots of big rounds. That's 2020 VC around the world in a nutshell.
techcrunch - 1 day ago
MotoRefi raises $10M to keep pedal on auto refinancing growth - techcrunch

MotoRefi raises $10M to keep pedal on auto refinancing growth

A month before the COVID-19 pandemic had spread to North America, auto fintech startup MotoRefi — newly armed with nearly $9 million in venture capital — was preparing to bring its refinancing platform to the masses. CEO Kevin Bennett, and the investors behind the company, saw the opportunity to service Americans who collectively hold $1.2 […]
techcrunch - 1 day ago
Blobr, the ‘no-code’ company turning APIs into products, raises €1.2M pre-seed - techcrunch

Blobr, the ‘no-code’ company turning APIs into products, raises €1.2M pre-seed

Blobr, a Paris-based startup operating in the no-code space with tech to make it easier for companies to expose and monetise their existing APIs, has raised €1.2 million in pre-seed funding. The round is led by pan-European pre-seed and seed investor Seedcamp, with participation from New Wave, Kima, and various angel investors. Blobr is also […]
techcrunch - 1 day ago
‘Slow dating’ app Once is acquired by Dating Group for $18M as it seeks to expand its portfolio - techcrunch

‘Slow dating’ app Once is acquired by Dating Group for $18M as it seeks to expand its portfolio

Five-year-old ‘slow dating’ app Once has been acquired by the Dating Group, one of the largest companies in the dating world, for $18 million in cash and stock. Dating Group has 73 million registered users across a range of portfolio fatting apps including Dating.com. Clémentine Lalande, co-founder and CEO of Once, will continue leading the company […]
techcrunch - 1 day ago
Cloudflare introduces free digital waiting rooms for any organizations distributing COVID-19 vaccines - techcrunch

Cloudflare introduces free digital waiting rooms for any organizations distributing COVID-19 vaccines

Web infrastructure company Cloudflare is releasing a new tool today that aims to provide a way for health agencies and organizations globally tasked with rolling out COVID-19 vaccines to maintain a fair, equitable and transparent digital queue – completely free of charge. The company’s ‘Project Fair Shot’ initiative will make its new Cloudflare Waiting Room […]
techcrunch - 1 day ago
Apple reportedly planning thinner and lighter MacBook Air with MagSafe charging - techcrunch

Apple reportedly planning thinner and lighter MacBook Air with MagSafe charging

Apple is said to be working on a new version of the MacBook Air with a brand new physical case design that’s both thinner and lighter than its current offering, which was updated with Apple’s M1 chip late last year, per a new Bloomberg report. The plan is to release it as early as late […]
techcrunch - 1 day ago
Didi to subsidize trips for vaccinations with $10M fund - techcrunch

Didi to subsidize trips for vaccinations with $10M fund

As countries around the world prepare to vaccinate people against the coronavirus, tech companies are rushing to demonstrate their willingness to help fight the deadly virus. China’s ride-hailing leader Didi Chuxing is pledging a $10 million fund to support COVID-19 vaccination efforts in 13 markets outside its home country China, the company said on Friday. […]
techcrunch - 1 day ago
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techcrunch
Pat Gelsinger stepping down as VMware CEO to replace Bob Swan at Intel

Pat Gelsinger stepping down as VMware CEO to replace Bob Swan at Intel

techcrunch - 1 week ago

In a move that could have wide ramifications across the tech landscape, Intel announced that VMware CEO Pat Gelsinger would be replacing interim CEO Bob Swann at Intel on February 15th. The question is why would he leave his job to run a struggling chip giant.

The bottom line is he has a long history with Intel, working with some of the biggest names in chip industry lore before he joined VMware in 2009. It has to be a thrill for him to go back to his roots and try to jump start the company.

“I was 18 years old when I joined Intel, fresh out of the Lincoln Technical Institute. Over the next 30 years of my tenure at Intel, I had the honor to be mentored at the feet of Grove, Noyce and Moore,” Gelsinger wrote in a blog post announcing his new position.

Certainly Intel recognized that the history and that Gelsinger’s deep executive experience should help as the company attempts to compete in an increasingly aggressive chip industry landscape. “Pat is a proven technology leader with a distinguished track record of innovation, talent development, and a deep knowledge of Intel. He will continue a values-based cultural leadership approach with a hyper focus on operational execution, Omar Ishrak, independent chairman of the Intel board said in a statement.

But Gelsinger is walking into a bit of a mess. As my colleague Danny Crichton wrote in his year-end review of the chip industry last month, Intel is far behind its competitors, and it’s going to be tough to play catch-up:

Intel has made numerous strategic blunders in the past two decades, most notably completely missing out on the smartphone revolution and also the custom silicon market that has come to prominence in recent years. Its also just generally fallen behind in chip fabrication, an area it once dominated and is now behind Taiwan-based TSMC, Crichton wrote.

Patrick Moorhead, founder and principal analyst at Moor Insights & Strategy agrees with this assertion, saying that Swan was dealt a bad hand, walking in to clean up a mess that has years long timelines. While Gelsinger faces similar issues, Moorhead thinks he can refocus the company. “I am not foreseeing any major strategic changes with Gelsinger, but I do expect him to focus on the company’s engineering culture and get it back to an execution culture” Moorhead told me.

The announcement comes against the backdrop of massive chip industry consolidation last year with over $100 billion changing hands in four deals with NVidia nabbing ARM for $40 billion, the $35 billion AMD-Xilink deal, Analog snagging Maxim for $21 billion and Marvell grabbing Inphi for a mere $10 billion, not to mention Intel dumping its memory unit to SK Hynix for $9 billion.

As for VMware, it has to find a new CEO now. As Moorhead says, the obvious choice will be current COO Sanjay Poonen. Holger Mueller, an analyst at Constellation Research says it will be up to Michael Dell who to hand the reins to, but he believes Gelsinger was stuck at Dell and would not get a broader role, so he left.

“VMware has a deep bench, but it will be up to Michael Dell to get a CEO who can innovate on the software side and keep the unique DNA of VMware inside the Dell portfolio going strong, Dell needs the deeper profits of this business for its turnaround,” he said.

The stock market seems to like the move for Intel with the company stock up 7.26%, but not so much for VMware, whose stock was down close to the same amount at 7.72% as went to publication.

sauce: techcrunch
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