Intel raises restructuring charge to $2.3B as it faces more challenges ahead

HANOVER, GERMANY - MARCH 14:  The Intel logo hangs over the company's stand at the 2016 CeBIT digital technology trade fair on the fair's opening day on March 14, 2016 in Hanover, Germany. The 2016 CeBIT will run from March 14-18.  (Photo by Sean Gallup/Getty Images) Intel today reported its Q3 earnings, and while the company beat estimates on both revenues and earnings, it also said that it would be raising its restructuring charges to an eye-watering $2.3 billion, as it continues to shift its business away from PC processors and into chips for the next generation of computing in devices like drones and self-driving cars. It also provided a forecast for… Read More

Yahoo’s business tale comes to a totally anticlimactic end

FILE - In this Nov. 5, 2014, file photo, a person walks in front of a Yahoo sign at the company's headquarters in Sunnyvale, Calif. Yahoo announced Wednesday, March 2, 2016, that the company is adding a new component to its Sports vertical: competitive video gaming. Yahoo said that Esports will offer video coverage of live tournaments, including expert commentary and interviews with top players. Esports will also include articles, scores, team rosters, schedules, player rankings, calendars and statistics. (AP Photo/Marcio Jose Sanchez, File) Yahoo made slightly more money than Wall Street expected — and no one cares at this point. The company reported its third-quarter earnings, basically falling a hair above what everyone was looking for on its earnings and in line with revenue. But at this point the company is in the process of getting acquired by Verizon. As such, stock prices and whatnot like that don’t… Read More

Microsoft hits a speech recognition milestone with a system just as good as human ears

whisper It’s a red-letter day at Microsoft Research: a team working on speech recognition has hit a serious symbolic goal with a system that’s as good as you at hearing what people are saying. Specifically, the system has a “word error rate” of 5.9 percent, on par with professional human transcribers. Read More

Evercar abruptly shuts down

Evercar as of October 12 On September 7, 2016, Evercar sent out a press release announcing that it had expanded from its Los Angeles home base to San Francisco and Oakland and had financing for buying up to 3,000 vehicles in the next year. Almost exactly a month later, the service that rented EVs and hybrids to drivers for ride hailing services shut down. The company had launched at the 2015 Los Angeles Auto Show,… Read More

Multi-media journalists face jail time after reporting on North Dakota pipeline protest

happi-_american_horse_direct_action_against_dapl_august_2016 Investigative reporter and co-founder of Democracy Now!, Amy Goodman, is now facing riot charges in the state of North Dakota after her report on a Native American-led pipeline protest there went viral on Facebook. Democracy Now! issued a statement about the new charges against Goodman late Saturday. The news organization, which spun out of WBAI-FM, creates programming which is syndicated… Read More

Overdosing on VC: Lessons from 71 IPOs

Person consuming overdose of medicines depicting concept of health expense Venture capital is a hell of a drug. Used properly, it’s like adrenaline energizing many of the greatest companies of the past fifty years. Used incorrectly, it creates toxic dependencies.
The conventional wisdom in the startup community is that when building the very best companies, more capital can be leveraged to accelerate even greater growth. But does this “go big or go… Read More

Gillmor Gang: Bret Taylor Talks Quip

Gillmor Gang Artcard The Gillmor Gang — A Conversation with Bret Taylor and Steve Gillmor. Recorded live at Dreamforce 16 Thursday, October 7, 2016. As CEO of Salesforce acquisition Quip, Bret Taylor returns to the Gang for a chat about his early work on Google Maps, co-founder of the legendary FriendFeed social network, CTO of Facebook, and his new role at Salesforce.
@stevegillmor, @btaylor
Directed by… Read More

How startups can use data to grow smarter

image: shutterstock/majcot Tech investing isn’t what it used to be — even compared to six months ago. Investors are applying greater scrutiny to deals. Founders are realizing they can’t favor growth over profitability, or vice-versa — both are crucial to success. There’s a reason VCs are calling for “a return to fundamentals” — they don’t want to see newly minted… Read More

Watch all six episodes of the series Trust Disrupted: Bitcoin and the Blockchain

trust-disrupted Our latest video series explores the world of bitcoin and the blockchain, and you can now watch all six episodes on YouTube and TechCrunch.com. The series features Nathaniel Popper, a New York Times reporter and the author of the book on which the series is based, along with several bitcoin developers, influencers and scholars tracing the history of bitcoin and analyzing its future.… Read More

Let’s have a little compassion for (some of) the trolls

Internet Troll? It’s looking pretty grim out there in social media land. A lot of what once was conversation has devolved into warfare. The issues of our time — Trump, Brexit, identity politics, housing and homelessness, how to pronounce “GIF” — seem to divide us ever more starkly, and so we huddle within our filter bubbles, and/or lash out at those outside. It’s hard to… Read More