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Techmeme
June 1, 2016, 11:45 PM
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Top News

New York Times:
Uber raises $3.5B from Saudi Arabia's Public Investment Fund, will add managing director of the fund to its board  —  SAN FRANCISCO — In its quest to build a global empire, Uber has turned to the Middle East for its biggest infusion of cash from a single investor.
Noah Kulwin / Recode:
Bloomberg hires Mark Gurman to cover consumer electronics starting this summer  —  Gurman graduated college last month.  —  Over the last few years, Mark Gurman has made a name for himself as the go-to guy for Apple product scoops.  And now he's taking his talents to Bloomberg.
Mary Meeker / KPCB:
Meeker report: global internet users surpass 3B but adoption rate flat except in India; voice assistants' word accuracy, latency, usage rates continue improving  —  The 2016 edition of Mary Meeker's annual Internet Trends report covers today's Internet growth and an in-depth look at the following:
Benjamin Mayo / 9to5Mac:
Sources: Apple preparing new external 5K display as current model goes out of stock, may feature integrated GPU, could be announced at WWDC  —  The current $999 (!) Thunderbolt Display is showing its age to put it mildly, now significantly overshadowed by Retina MacBooks and iMacs in terms of screen resolution and quality.
David Streitfeld / New York Times:
Intel CEO Brian Krzanich planned, then cancelled, a Thursday night fund-raiser for Donald Trump; Trump to hold rally in San Jose instead  —  PALO ALTO, Calif. — Donald J. Trump would not be Silicon Valley's first choice as president.  Or its second.  Or maybe even its third.
Mike Murphy / Quartz:
Facebook announces Deep Text, an AI engine to understand meaning and sentiment behind posts, so the platform's content can be categorized, searched effectively  —  Today, Facebook announced Deep Text, an AI engine it's building to understand the meaning and sentiment behind all of the text posted by users to Facebook.
Ingrid Lunden / TechCrunch:
Salesforce buys Demandware for $2.8B, taking a big step into e-commerce  —  Salesforce made its name originally with cloud-based software to help salespeople manage their leads and close deals; and today the company took a big step into the business of sales itself.
Brian Barrett / Wired:
OnePlus 3 to launch globally on June 14 without an invite system  —  When the remarkable OnePlus One arrived two years ago, it made people reimagine the $300 smartphone.  But it also made everyone reimagine how they buy a phone, with an invitation-based system as frustrating as it was arcane.
Frederic Lardinois / TechCrunch:
CoreOS launches Torus, a new open source distributed storage system  —  CoreOS today announced the launch of Torus, its latest open source project.  Just like CoreOS's other projects, Torus is all about giving startups and enterprises access to the same kind of technologies that web-scale companies like Google already use internally.

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From Mediagazer

Minho Kim / New York Times:
Sarah B. Rogers, Trump's nominee to lead USAGM, says she would reinstate some agency employees; if confirmed, she would still serve in the State Department

Wall Street Journal:
UMG shares fall 25%, the record company's worst day since its 2021 IPO, following disappointing Q2 results; UMG is down 40%+ over the past 12 months

Gene Maddaus / Variety:
Swiss film producer Simon Afram sues Netflix for $105M, saying Netflix lost an unencrypted copy of a film starring Nicolas Cage that he spent $45M to produce

More News

Nick Bilton / Vanity Fair:
A look inside Twitter since Jack Dorsey's return, amid growth issues, high churn, sliding stock, including how Evan Williams pitched Medium to Twitter for $500M

Earlier Picks

Mary Jo Foley / ZDNet:
Microsoft opens Windows Holographic, the platform behind HoloLens, for partners to create AR/VR devices, is working with Intel, AMD, HTC, Acer, and others
Sarah Perez / TechCrunch:
Time confirms Myspace breach limited to a portion of login data created before June 11, 2013; LeakedSource says over 360M accounts compromised
Jordan Novet / VentureBeat:
Jeff Bezos says Alexa could be Amazon's fourth pillar after retail, Prime, and AWS, as company has 1K employees working on Echo and Alexa
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