Friday, February 14, 2020

Daily Crunch - JEDI contract drama continues

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Friday, February 14, 2020 By Anthony Ha

A judge has temporarily halted the $10 billion JEDI contract, Instagram requires disclosure from political meme-makers and Soylent names a new CEO. Here’s your not-terribly-romantic Daily Crunch for February 14, 2020.

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Judge temporarily halts work on JEDI contract until court can hear AWS protest

A sealed order from a judge has halted the $10 billion, decade-long JEDI project in its tracks until Amazon Web Services’ protest of the contract award to Microsoft can be heard by the court.

The judge was not taking this lightly, also saying that Amazon would have to put up $42 million bond to cover costs should it prove that the motion was filed wrongfully. (Given Amazon's value as of today is $1.08 trillion, it can probably afford the bond.)

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Judge temporarily halts work on JEDI contract until court can hear AWS protest image

Image Credits: Ron Miller/TechCrunch

Bloomberg memes push Instagram to require sponsorship disclosure

Instagram is changing its advertising rules to require political campaigns' sponsored posts from influencers to use its Branded Content Ads tool, which puts a disclosure label on posts. The change comes after the Bloomberg presidential campaign paid meme-makers to make him look cool.

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Soylent shakes up its executive team, naming Demir Vangelov as its new CEO

Outgoing CEO Bryan Crowley came to the company with grand ambitions to revitalize the Soylent brand and product line. The company set up fancy digs in Los Angeles' arts district and established a Food Innovation Lab. Now, only a year later, the Food Innovation Lab is shuttered and Soylent has moved to a smaller office space.

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Soylent shakes up its executive team, naming Demir Vangelov as its new CEO image

Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

Alibaba also announced that it had completed the migration to its own public cloud, a significant milestone because the company can point to its own operations as a reference to potential customers.

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Where top VCs are investing in construction robotics

We asked 16 leading people who actively invest in construction robotics and work at firms spanning early to growth-stage to share what's exciting them most and where they see opportunity in the sector. (Extra Crunch membership required.)

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Where top VCs are investing in construction robotics image

Image Credits: Westend61 / Getty Images

Nvidia's Q4 financials look to brighter skies with strong quarterly revenue growth

Major artificial intelligence and graphics chipmaker Nvidia reported its 2020 Q4 financials yesterday. The company announced revenues of $3.11 billion for the quarter, a jump of 41% from the year-ago quarter.

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MIT showcases soft robotic sensors made from flexible, off-the-shelf materials

A team at MIT's CSAIL demonstrated a new kind of "skin" designed to bring a sense of touch and place to soft robotic arms.

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