Department of Defense Cancels $10 Billion JEDI Contract, Media Moguls Meet in Sun Valley & Exclusive Interview with Substack CEO Chris Best

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 7 July 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This morning our anchors dive into the story on the Department of Defense cancelling the JEDI Contract that had pitted Microsoft and Amazon against each other. Then, Microsoft Board Member John Thompson and Rubrik CEO Bipul Sinha join to discuss the rise in ransomware cyberattacks including the latest attack affecting more than 1,000 companies across the globe. Next, we have SV Angel Founder Ron Conway share his thoughts on digital ad versus subscription-based models in online media. Plus, CNBC’s Julia Boorstin is live from Sun Valley with the latest in the media space as media moguls convene for a conference. CNBC’s Dom Chu also joins today to cover the recent performance of work from home names and where they may be headed. Later, Substack Co-Founder and CEO Chris Best joins in an exclusive interview to talk about the company’s business model and competition in the newsletter space.

Transcript

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0:00.0	I'm John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:27.4	Good Wednesday morning and welcome to Tech Check. I'm Deer DeBozo with John Ford. Carlize the morning off.
0:33.7	Coming up on the show today, Return of the Jedi, the Department of Defense, taking new bids for its cloud computing contract. Plus the NASDAQ hitting another all-time high buying opportunities in tech.
0:38.7	We will discuss.
0:40.1	And then a deep dive into China's crackdown on its own tech industry and what it means
0:44.8	for some of the stocks that already trade here in the U.S., John.
0:48.4	Yeah, and we start with some clouds parting, the Department of Defense, canceling the $10 billion
0:53.3	cloud computing contract that led Amazon and Microsoft into a legal battle.
0:58.7	The DOD previously awarded the project known as Jedi to Microsoft.
1:03.3	That prompted a swift protest from Amazon.
1:05.7	I spoke to current Amazon CEO and former AWS chief Andy Jassy about that in December of 2019.
1:12.7	Here's what he told me.
1:15.3	We obviously don't believe that Jedi was adjudicated fairly.
1:19.7	I think that anybody who does a detailed apples-to-apples comparison of the platforms don't come
1:26.9	out in the same spot that that procurement did.
1:29.1	And most of our customers tell us we're about a couple years ahead of anybody else with regard to functionality and maturity.
1:36.2	But, you know, there was significant political interference here.
1:38.9	And when you have a sitting president who's willing to be very vocal that they dislike a company and the CEO of that
1:45.3	company, it makes it difficult for government agencies, including the DOD, to make objective
1:51.1	decisions without fear of reprisal.
1:53.2	And speaking of the former president, Donald Trump is announcing that he is suing Facebook,
1:59.3	Twitter, and Alphabet executives.
	...

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