TC

The Bezos era is ending, Uber acquires Drizly and Tesla recalls 135,000 vehicles. This is your Daily Crunch for February 2, 2021. The big story: Jeff Bezos will step down as Amazon CEO Amazon announced today that founder Jeff Bezos will be transitioning from CEO to executive chair i

Google continues to bet heavily on Google Cloud, and, while it is seeing accelerated revenue growth, its losses are also increasing. For the first time today, Google disclosed operating income/loss for its Google Cloud business unit in its quarterly earnings today. Google Cloud lost $5.6 billion in

Amazon founder and current CEO Jeff Bezos will be transitioning to executive chair of the company sometime in Q3 of this year, with current AWS CEO Andy Jassy taking over the top executive role at the commerce company. Amazon announced the news alongside its earnings results on Tuesday. Amazon init

Springbig today announced that it acquired Canada-based BudTender, a customer experience platform for cannabis retailers. The acquisition adds 200 clients to springbig, which brings the total amount of retailers in its purview to 1,900. This move comes as cannabis retailers are seeking novel approa

Cloud hosting company Scaleway is adding a new type of instances today — Mac minis powered by Apple's M1 chip. The new instances cost €0.10 per hour, around $0.12 at today's rate — there's a minimum commitment of 24 hours. Scaleway is hosting those new computers in its DC4 data c

The exodus out of San Francisco and New York is making a big impact on Miami, a city that's been steadily growing into a tech hub over the last 15 years. We're seeing a “moment” in Miami, but many are hoping — and working — to turn it into a movement. In late January, Softbank Group

Miami has long been a refuge for those escaping the cold or Latin American countries in political and economic turmoil. But, in 2020, it welcomed investors, founders and others in tech leaving San Francisco and New York City, partly propelled by the pandemic, seeking a welcoming government, lower t

As the COVID-19 era drags on, first-time founders need to find new ways to raise capital needed to keep startups offensive (and defensive). Luckily, a trio of investors from top venture capital firms are joining us at TC Sessions: Justice on March 3 to make sense of different paths to funding. The

Udemy, which launched more than a decade ago, has sold courses to 50 million students through its digital learning platform. But new president Greg Brown sees “exponential growth” opportunities in doubling down on its enterprise arm, which currently has over 7,000 customers. In a phone intervie

Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets can work effectively. China is the world’s largest emitter of greenhouse gases and its share of

Google has agreed to pay $2.59 million to more than 5,500 current employees and former job applicants as part of a settlement with the U.S. Department of Labor over allegations of systemic discrimination as it relates to compensation and hiring. Google has also agreed to reserve $250,000 a year for

UiPath, one of the leaders in the quickly growing robotic process automation (RPA) space, announced Monday that it has closed on $750 million in Series F funding at a staggering post-money valuation of $35 billion. Existing backers Alkeon Capital and Coatue co-led the round, which also included par

Microsoft today announced that Azure Quantum, its cloud-based platform for using quantum hardware and software tools from partners like Honeywell Quantum Solutions, IonQ, 1QBit and others, is now in public preview. Azure Quantum went into limited preview last May. At the time, it was only open to a

Google regularly tweaks its search results pages and tries out new designs. It’s not that often, though, that it adds new features to those results, so when it does, it’s worth paying attention to. Today, Google is adding a new menu item to virtually all search results in English in the