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March 11, 2016, 7:40 PM
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Fortune:
Source: General Motors will pay more than $1B for Cruise Automation, which raised just over $18M from investors including Spark and YC  —  GM Buying Self-Driving Tech Startup for More Than $1 Billion  —  General Motors GM this morning announced that it will acquire Cruise Automation …
Sarah Buhr / TechCrunch:
GM buys self-driving car kit startup Cruise, plans to use tech to make driverless cars  —  General Motors (GM)announced today it plans to snap up Cruise Automation, a San Francisco-based startup making sensors that turn regular vehicles into ones that can drive themselves, for an undisclosed sum.
Justin Sink / Bloomberg Business:
At SXSW, President Obama advises tech industry to compromise on encryption now instead of waiting for Congress to act  —  Government Can't Let Smartphones Be ‘Black Boxes,’ Obama Says  —  Obama advises tech industry to compromise before Congress acts  —  President appears at South by Southwest as FBI sues Apple Inc.
Alex Hern / Guardian:
DOJ says it could make Apple turn over iOS source code and signature if it doesn't cooperate with court order, citing Lavabit case as precedent  —  FBI ‘could force Apple to hand over private key’  —  A legal filing implies that Department of Justice has a plan B, which involves demanding the company's electronic signature
Jacob Pramuk / CNBC:
In new filing, DOJ accuses Apple of raising tech barriers that prevent execution of warrant; Apple calls DOJ “desperate”, plans to reply by March 15
Greg Bensinger / Wall Street Journal:
Sources: Instacart cuts commissions for couriers by 50%, reduces fees per drop-off to $1.50 from $4 in SF, LA, and some other metro areas  —  Grocery-Delivery Startup Instacart Cuts Pay for Couriers  —  Instacart is the latest on-demand startup to try to contain costs in a tighter funding environment
Emil Protalinski / VentureBeat:
Microsoft launches tool to help Evernote users on Windows move their notes to OneNote  —  Microsoft launches OneNote importer tool for Evernote users  —  Microsoft today launched a OneNote importer tool that lets Evernote users bring their content to Microsoft's note-taking tool.
Syed Zain Al-Mahmood / Wall Street Journal:
Hackers tried to steal nearly $1B from Bangladesh's central bank, got away with $81M  —  Bangladesh Central Bank Found $100 Million Missing After a Weekend Break  —  Interviews with Bangladeshi officials depict a cyberheist spanning at least four countries
Mellisa Tolentino / SiliconANGLE:
New Amazon Alexa Voice Search skill allows you to pay Capital One credit card bill from pre-linked account, check balance, review recent transactions, more  —  Ask Amazon Alexa to pay your bills, with new Capital One app |  #SXSW  —  Amazon Echo is on a roll.
Paul Sawers / VentureBeat:
Wire, the messaging app backed by Skype's Janus Friis, gets video calls and message encryption  —  It's been more than 15 months since Wire entered the competitive messaging app fray with the promise to build a Skype for the modern age — a promise given real credence by the backing of Skype cofounder Janus Friis.
Johana Bhuiyan / Re/code:
Ford is spinning out mobility programs into separate subsidiary, Ford Smart Mobility LLC, and is looking for a CEO to run it  —  Ford Is Looking for a Tech Executive to Be the CEO of Its New Mobility Company  —  As the auto and tech industries barrel toward a mobility-focused future …

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Benjamin Mullin / New York Times:
Ben Sherwood and Joanna Coles take minority stakes in The Daily Beast; Sherwood will be CEO and publisher, and Coles will be chief creative and content officer

Sahil Patel / The Information:
Sources: Disney plans old-style TV channels within Disney+, with a continuous, scheduled stream of shows that are focused on certain genres like Star Wars

Winston Cho / Hollywood Reporter:
Rust movie armorer Hannah Gutierrez is sentenced to 18 months in prison in the 2021 accidental shooting death of cinematographer Halyna Hutchins

Earlier Picks

Ryan Smith / AnandTech:
AMD XConnect provides driver-level support for external Thunderbolt 3 graphics cards, starting with the Razer Core
Steve Kovach / Tech Insider:
Apple invites media to event on March 21 at 10AM PT at its Cupertino campus, where it's expected to announce iPhone SE and a new iPad
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