Techmeme
March 11, 2016, 3:00 PM

Top News

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.
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  —  DOJ: Apple ‘deliberately’ made hurdles to FBI probe  —  The Justice Department on Thursday filed its latest response to Apple …
Russell Brandom / The Verge:
Alison Griswold / Quartz:
Behind Instacart's recent struggles, which show why certain industries won't fit the on-demand model  —  Inside Instacart's fraught and misguided quest to become the Uber of groceries  —  The changes Instacart outlined were grim.  —  Fees for customers were increasing.
Emil Protalinski / VentureBeat:
Yahoo announces plans to kill off Games, Livetext, Boss, and more regional sites  —  If you can't sell them, kill them.  —  Yahoo today announced its Q1 2016 progress report, highlighting the closure of several products and regional sites.  As shared in its last earnings call …
More: Yahoo, Fortune and The Next WebTweets: @caseynewton
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
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 …
Ryan Smith / AnandTech:
AMD XConnect provides driver-level support for external Thunderbolt 3 graphics cards, starting with the Razer Core  —  More on AMD's XConnect Tech: Thunderbolt 3 for External Radeons  —  Last night AMD issued a driver update that brought support for a new technology, XConnect.
Eugene Kim / Business Insider:
Sources: Slack is raising $200M at a nearly $4B valuation led by Thrive Capital  —  Slack, a 2-year-old messaging platform, is raising $200 million at nearly a $4 billion valuation led by Thrive Capital  —  Slack, the startup that Silicon Valley can't get enough of, is all but done with a fresh new round of financing.

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