Techmeme: iflix, a streaming service targeting emerging markets, raises $50M ahead of a potential IPO, says it had around 17M users in May, up from 9M six months earlier (Miguel Cordon/Tech in Asia)

Top News

Kyle Wiggers / VentureBeat:

Microsoft says it will invest $1B in OpenAI, beginning a partnership to jointly develop new AI technologies for the Azure cloud platform — Microsoft today announced that it would invest $1 billion in OpenAI, the San Francisco-based AI research firm cofounded by CTO Greg Brockman …

More: Microsoft, OpenAI, New York Times, Business Insider, Bloomberg, ZDNet, BetaNews, The Verge, TechCrunch, Thurrott, GeekWire, Windows Central, CNBC, and MSPoweruser. Tweets: @benedictevans

Stacy Cowley / New York Times:

Equifax will pay at least $650M and potentially significantly more to end an array of state, federal, and consumer claims over the 2017 data breach — The credit bureau Equifax will pay at least $650 million and potentially significantly more to end an array of state, federal and consumer claims …

Washington Post:

Sources and leaked documents reveal Huawei partnered with a Chinese state-owned firm to help build and maintain the North Korean commercial wireless network — Huawei Technologies Co., the Chinese tech giant embroiled in President Trump's trade war with China and blacklisted as a national security threat …

More: Engadget, GitHub, Business Insider, Gizmodo, CNET, The Hill, CNBC, and Android Central

Tweets: @narangvipin, @kuriko_c, @nktpnd, @nktpnd, @gerryshih, @paulmozur, and @isaacstonefish

Mark Gurman / Bloomberg:

Profile of Jeff Williams, Tim Cook's heir apparent as CEO, who is broadly regarded as a strong choice for the top job within Apple — Jeff Williams co-created the Apple Watch and runs the company's global operations. Can he also handle design—and everything else?

More: 9to5Mac, iPhone Hacks, and MacDailyNews

Tweets: @markgurman, @kkiyer90, @markgurman, @thenickguy, and @markgurman

Catalin Cimpanu / ZDNet:

Confiant: two Hong Kong-based firms have been responsible for malicious ads with 100M+ impressions in 2019, including many shown via Microsoft's Windows 10 apps — Security firm tracks down malvertiser who deployed malicious ads in Outlook, Microsoft games, and the Microsoft News app.

More: FinSMEs, Wired, Nikkei Asian Review, Forbes, and blog.confiant.com

Tweets: @adam_k_levin, @jeromesegura, and @campuscodi

Paul Sawers / VentureBeat:

Etsy to acquire Reverb, a marketplace for new and used musical instruments, in a cash deal worth ~$275M; Reverb raised nearly $50M from Max Levchin and others — Etsy has announced plans to acquire Reverb, a marketplace for new and used musical instruments, in a cash deal worth approximately $275 million.

More: FinSMEs and hypebot

Derek Thompson / The Atlantic:

As matchmaking sites surpass friends and family for finding partners, the burden of finding a partner now rests solely on the individual and can be lonesome — My maternal grandparents met through mutual friends at a summer pool party in the suburbs of Detroit shortly after World War II.

More: 9to5Mac. Tweets: @dkthomp, @maggienyt, @theatlantic, @mckennapmoore, @tanayj, and @jaredrsutton

Ingrid Lunden / TechCrunch:

Tel Aviv-based UVeye, which is building drive-through scanners that use AI for external inspection of vehicles, raises $31M — The race is on for the car of the future, equipped with self-driving capabilities, on-board personalised information and entertainment, and an ever-smaller carbon footprint.

More: FinSMEs and Globes Online. Tweets: @ingridlunden

Ingrid Lunden / TechCrunch:

Sennder, which connects commercial businesses with freight carriers, raises $70M Series C led by Lakestar at a valuation in the region of $300M — Logistics and the movement of freight from point A to B (and C and beyond) is one of the more antiquated, and less-understood aspects of the world of commerce.

More: Tech.eu, PE Hub Blog, and VentureBeat. Tweets: @ingridlunden

Robert Burnson / Bloomberg:

Google has agreed to settle a lawsuit filed in 2015 accusing it of age discrimination in hiring, paying out $11M across 227 people who joined the class action — - Company vows to train employees, managers about discrimination — Woman who sued interviewed for job with tech titan four times

More: Forbes and Slashdot

Benjamin Mayo / 9to5Mac:

Report details the activities of Apple's New Product Security team, created after a major iPhone 5c leak, which is now increasing focus on CAD schematics leaks — An article from the Information today covers a breakdown of the lengths that factory workers have gone to get parts of unreleased iPhones …

Source: The Information. More: The Verge

Tweets: @waynema, @murphymike, @amir, @mattdrange, and @jessicalessin

Jay Greene / Washington Post:

Microsoft settles with the SEC and the DoJ for $26M over potential bribery and corruption related to software sales in Hungary — The deal with the U.S. Justice Department and the SEC resolves claims the software giant violated the Foreign Corrupt Practices Act

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