Techmeme
January 14, 2016, 1:20 AM

Top News

John Paczkowski / BuzzFeed:
Sources: Apple phasing out in-house iAd sales team as it updates platform to be more automated  —  Apple Steps Back From Its iAd Advertising Business  —  Six years after launching its advertising platform, Apple is moving to phase out its in-house iAd sales team in favor of a new publisher-driven system.
Akin Oyedele / Business Insider:
GoPro to cut 7% of staff, will take restructuring charge of $5M-$10M, reports weak Q4 revenue guidance for 2015; stock down over 22% after hours  —  GoPro cuts jobs and warns its sales are a disaster  —  GoPro shares are crashing to all-time lows after the company said it is cutting about 7% of its staff and sales are not great.
Gaurav Seth / Windows Blog:
Microsoft open-sources ChakraCore, a standalone version of the JavaScript engine that powers its Edge browser  —  ChakraCore GitHub repository is now open  —  In a December 2015 talk at JSConf US, we announced that we would be open-sourcing the key components of the Chakra JavaScript engine that powers Microsoft Edge.
Stuart Dredge / Music Ally:
SoundCloud strikes licensing deal with Universal Music that includes tracks from labels and artists, and also user-generated content and remixes  —  SoundCloud strikes licensing deal with Universal Music  —  The deal was announced this afternoon (although leaked in the New York Post yesterday) …
Emil Protalinski / VentureBeat:
Google Maps for Android adds new Driving Mode that predicts your destination based on your location history, recent searches, and time of day  —  Google Maps for Android's new Driving Mode guesses where you want to go  —  Google today released an update to Google Maps for Android that includes a new feature: Driving Mode.
Lizette Chapman / Bloomberg Business:
Venture capital firms raised $28.2B last year, down from $31.1B in 2014; number of VC funds closed decreased 13% from 2014 to 2015  —  Tech Funding Slowdown Hits Venture Capital Firms  —  The number of venture funds that closed last year decreased 13 percent.

Sponsor Posts

Microsoft:
Building global connectivity, one community at a time  —  With the Affordable Access Initiative grants, 12 announced today, we're partnering with local entrepreneurs across five continents.
Zoho:
Zoho Social gets Instagrammed: Manage your brand's visual storytelling  —  With Zoho Social, our focus has always been around helping businesses grow their presence on social networks that matter the most.
Worldpay:
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Layer:
Why Messaging Bots Won't Replace Apps  —  Facebook's long-expected addition of chatbots to Messenger today confirms early signs already seen with Slack, Telegram, and Kik: Chatbots are all the rage …
 

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Emil Protalinski / VentureBeat: