Techmeme
July 1, 2013, 5:00 AM

Top News

The Washington Post:
NSA slides explain the PRISM data-collection program  —  The top-secret PRISM program allows the U.S. intelligence community to gain access from nine Internet companies to a wide range of digital information, including e-mails and stored data, on foreign targets operating outside the United States.
Guardian:
Key US-EU trade pact under threat after more NSA spying allegations  —  Reports in Der Spiegel that US agencies bugged European council building ‘reminiscent of cold war’, says German minister  —  The prospects for a new trade pact between the US and the European Union worth hundreds …
Paul Graham:
Startup Investing Trends  —  Y Combinator has now funded 564 startups including the current batch, which has 53.  The total valuation of the 287 that have valuations (either by raising an equity round, getting acquired, or dying) is about $11.7 billion, and the 511 prior to the current batch have collectively raised about $1.7 billion.
Bloomberg:
Apple Seeks to Trademark ‘IWatch’ in Japan for Devices  —  Apple Inc. (AAPL), the world's most valuable technology company, is seeking a trademark for “iWatch” in Japan as rival Samsung Electronics Co. readies its own wearable smartphone device.  —  The maker of iPhones is seeking protection …
Jon Russell / The Next Web:
Confirmed: Nokia takes full control of Nokia Siemens Networks after buying out Siemens for $2.2B  —  Nokia has announced that it has taken full control of its telecoms equipment joint-venture Nokia Siemens Network, after it agreed to buy out partner Siemens in a €1.7 billion ($2.2 billion) deal.
Tom Warren / The Verge:
Microsoft launches web-based Xbox Music, available for subscribers now  —  We expected Microsoft to launch its Xbox Music web version this week, and it appears the site is online and ready to use.  Xbox Music Pass subscribers can access the web player from music.xbox.com, with a responsive design that adapts to your browser size.
More: Engadget
Cade Metz / Wired:
Google's Quantum Computer Proven To Be Real Thing (Almost)  —  Google bought one.  So did Lockheed Martin, one of the world's largest defense contractors.  But we still can't agree on what it is they bought.  —  D-Wave, the company that built the thing, calls it the world's first quantum computer …
Kevin Rose / TechCrunch:
Foundation: Evan Williams on Hatching Big Ideas  —  In today's episode of my Foundation series, serial entrepreneur Evan Williams talks candidly about his experiences building Blogger, Twitter, and his latest project, Medium.  Ev recounts the early days of Twitter, shares what he's learned …
More: YouTubeTweets: @joelwashington and @joshm
TechCrunch:
Why Oracle And Salesforce, Once Bitter Rivals, Are Now On Cloud Nine  —  Marc Benioff and Larry Ellison, the CEOs of two of the more powerful enterprise companies in the world — Salesforce.com and Oracle — are not known to be the chummiest of pals.  Before this week's sudden peaceful truce …
More: AdExchanger and PandoDailyTweets: @levie

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