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Techmeme
June 13, 2017, 1:15 PM
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Top News

Bloomberg:
Tim Cook says Apple is focusing on autonomous systems, which he sees as “the mother of all AI projects” and can be used for developing self-driving cars  —  For the first time, CEO elaborates on Apple's car plans  —  The company's automotive program has experienced turmoil
Bloomberg:
Verizon officially closes the $4.5B Yahoo deal; combined assets form a Verizon unit called Oath led by Tim Armstrong, and Marissa Mayer steps down  —  Combined assets form Verizon unit called Oath led by Armstrong  —  Yahoo is renamed Altaba with Thomas McInerney named CEO
Eric Newcomer / Bloomberg:
Travis Kalanick says that he is taking leave from Uber for an undetermined time to deal with family tragedy, in email to employees  —  Travis Kalanick will hand off some duties to COO, chair  —  He plans to take a leave without disclosing return date  —  Uber Technologies Inc. Chief …
Katie Benner / New York Times:
When an Uber employee sells stock back to the company under a repurchase program, Travis Kalanick gets voting rights to all of that employee's shares  —  SAN FRANCISCO — Travis Kalanick, the chief executive of Uber, already wields plenty of control over the company because it is structured to favor its founders.
Bloomberg:
Sources: Emil Michael believes a weak board and lax legal team at Uber, plus his friendship with Travis Kalanick, led to his ouster, not scandals
Eric Newcomer / Bloomberg:
Sources: Uber adds Nestlé executive and Alibaba board member Wan Ling Martello to its board, after Holder probe recommended more independent directors
Bloomberg:
Source: Russia's cyberattack on the US electoral system hit voter databases and software systems in a total of 39 states, twice as many as previously reported  —  Hackers said to take measure of voting systems, databases  —  A ‘red phone’ warning to the Kremlin from Obama White House
Dieter Bohn / The Verge:
Microsoft Surface Laptop review: balances power and thinness well, has a beautiful touchscreen, but few apps on Windows 10 S, and Alcantara fabric requires care  —  Windows heir  —  Finally.  It's a word that's famously overused in tech, and it's understandable.
Jacob Kastrenakes / The Verge:
Instagram launches out of beta its Archive feature that hides old posts without deleting them  —  Instagram is releasing its Archive feature to all users today, after testing it with a smaller group of people last month.  —  The feature lets anyone on Instagram hide their old posts without deleting them.
Emma Lee / TechNode:
Chinese cloud computing company QingCloud raises about $160M Series D as it prepares for IPO  —  Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies.  But now it is becoming more and more tangible as the market matures.
Ryan Lawler / TechCrunch:
Online finance startup SoFi has applied for a new-bank charter under the name of SoFi Bank to offer FDIC-insured account and credit-card product  —  In May, SoFi CEO Michael Cagney told TechCrunch the company would be applying for a bank charter “in the next month.”

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From Mediagazer

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

Alexandra Steigrad / New York Post:
Sources: Forbes has cut ties with dozens of contributing writers; one exec said Forbes needs to ensure the contributor model is “financially sound”

Liam Scott / Columbia Journalism Review:
A look at the First Amendment Watch's SLAPP Back Initiative, a US SLAPP tracker; in 2024, 69 of 500 cases involved the media, of which 46 were dismissed

More News

Stan Higgins / CoinDesk:
Bancor, a platform for launching blockchain tokens, raises ~$150M in largest-ever ICO

Earlier Picks

Andy Greenberg / Wired:
Researchers say Crash Override, which took down Ukraine's power grid, is the only known malware to have attacked physical infrastructure other than Stuxnet
Sarah Perez / TechCrunch:
Zelle, the real-time Venmo competitor backed by 30+ US banks, arrives this month embedded in apps of participating banks; standalone app coming later this year
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