Daily Crunch: Google’s founders step back
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For the full article visit: https://techcrunch.com/2019/12/04/daily-crunch-sundar-pichai/
Daily Crunch: Google's founders step back
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1. Google CEO Sundar Pichai is taking over as CEO of Alphabet
Founders Larry Page and Sergey Brin announced that Google CEO Sundar Pichai will be replacing Page as the CEO of parent company Alphabet. In addition, Brin is stepping down from his role as Alphabet's president.
Rather than framing this as a departure, the pair suggested that they've "never been ones to hold on to management roles when we think there's a better way to run the company" and that they remain "deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders."
2. Plex launches a free, ad-supported streaming service in over 200 countries
Although there are plenty of similar offerings on the market, what makes Plex's new streaming service unique is its broad availability - unlike many competitors, Plex has structured its deals in order to stream content outside the United States.
3. Toyota leads $50M investment in autonomous shuttle startup May Mobility
May Mobility has 25 autonomous low-speed shuttles spread out between Detroit; Grand Rapids, Michigan; and Providence, Rhode Island. As part of the deal, Toyota has picked the startup as one of its "autonomous driving providers for future open platforms."
4. Progressive VCs and private equity are using tech and analytics to revolutionize investing
HOF Capital's David Teten says private equity and venture capital investors are copying their counterparts in the hedge fund world by trying to automate more of their job