Ibm Transformation Struggles Continue With Cloud And Ai Revenue Down 4.5%

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Daily Crunch: Apple might be working on a VR headset: Anthony Ha


A new report suggests there’s a pricey Apple VR headset in the works, Facebook’s Oversight Board will examine one of the social network’s most consequential decisions and we review the Samsung Galaxy S21 Ultra. This is your Daily Crunch for January 21, 2021. …

IBM transformation struggles continue with cloud and AI revenue down 4.5%: Ron Miller


A couple of months ago at CNBC’s Transform conference, IBM CEO Arvind Krishna painted a picture of a company in the midst of a transformation. He said that he wanted to take advantage of IBM’s $34 billion 2018 Red Hat acquisition to help customers manage a gr…

Judge denies Parler's bid to make Amazon restore service: Devin Coldewey


A federal judge has denied an attempt by conservative social network Parler to force Amazon to host it on AWS. As expected by most who read Parler’s ramshackle legal arguments, the court found nothing in the lawsuit that could justify intervention, only “fain…

Pebble founder launches Beeper, a universal chat app that works with iMessage and others: Sarah Perez


Decades ago, a software program called Trillian introduced a way for internet users to interact with multiple IM networks, like ICQ, AIM and MSN Messenger, in a single window. Now, Pebble founder and Y Combinator Partner Eric Migicovsky is revisiting this con…

Forsaking funding at a $1 billion valuation, Solugen preps a new green chemical product and a big 2021: Jonathan Shieber


Late last year, Solugen, a startup using synthetic biology to take hydrocarbons out of the chemicals industry, decided against pursuing a new round of funding that would have valued the company at over $1 billion, TechCrunch has learned. Instead, the Houston-…

The FCC has its first Chairwoman in Jessica Rosenworcel: Devin Coldewey


The Biden administration has officially appointed Commissioner Jessica Rosenworcel acting FCC Chairwoman, making her the first woman to hold the position, and she will likely be nominated to fill the position formally later in the year. With her record of sta…

How Bitcoin is helping middle-class users survive the pandemic: Leigh Cuen


Regulators may still want to imply Bitcoin is merely a tool for criminals, but for many middle-class users, it’s proving to be a lifeline.

Omnipresent raises $15.8M Series A for its platform to employ remote-workers globally: Mike Butcher


Omnipresent, which helps companies employ remote-working local teams worldwide, has closed a $15.8M Series A funding round. The fundraise was led by an undisclosed investor with participation from existing investors, Episode 1, Playfair Capital and Truesight …

Instacart is eliminating the jobs of unionized workers: Megan Rose Dickey


Instacart plans to lay off nearly 2,000 of its workers, including the ten workers from the Kroger-owned Mariano’s who unionized early last year, Vice reports. These workers are responsible for in-store shopping and packing of groceries. According to Vice, ten…

Spotify announces an exclusive podcast deal with filmmaker Ava DuVernay: Anthony Ha


Spotify continues to enlist big names for its podcasting efforts. The latest: Filmmaker Ava DuVernay and her arts collective Array. DuVernay has directed theatrically-released films including “Selma” and “A Wrinkle in Time,” but she also made “13th” and “Wh…


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