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June 2, 2016, 2:00 PM
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Top News

Sarah Frier / Bloomberg:
Sources: Snapchat has 150M daily active users, higher than Twitter's estimated 140M  —  The four-year-old messaging app is said to have 150 million people using it each day.  —  Snapchat Inc. has 150 million people using the service each day, said people familiar with the matter.
Steven Levy / Backchannel:
Pebble's $99 Core music-streaming keychain fitness tracker will integrate Amazon's Alexa  —  The keychain computer will have Amazon's assistant.  But Pebble first tested human concierges doing “anything that's legal” for users  —  Last week the smart watch company Pebble announced …
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.
Phil Oakley / Android Police:
Google starts suggesting unused apps for Android users to uninstall in Google Play Store to save space  —  Apps are getting big - that's one thing no one will deny.  With some games reaching more than a gigabyte of space - LEGO Star Wars on my Nexus 6P is 1.17GB - it's becoming an issue …
IDC:
IDC: 2016 worldwide smartphone sales expected to grow 3.1%, down from 10.5% in 2015; Android will grow to 84% of shipments with an average selling price of $218  —  According to a forecast update from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker …
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.
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.
Ingrid Lunden / TechCrunch:
IBM and Cisco ink IoT deal integrating Watson AI into Cisco edge routers  —  IBM has been giving a push both to its Watson artificial intelligence and Internet of Things businesses as part of its bigger strategy to grow new streams of revenue to offset declines in older ones.
Sean McLain / Wall Street Journal:
As it loses market share in India, Micromax plans to sell smartphones in China next year and potentially go public in two years  —  Company is losing market share in India to Samsung, Chinese smartphone-makers  —  HONG KONG—Indian smartphone-maker Micromax Informatics Ltd. said Thursday …
Pete Rizzo / CoinDesk:
A16z, USV lead $1.5M seed round in Mediachain, a startup building an open, blockchain-based tool to identify artists' works online  —  New York-based Mediachain has become the latest blockchain startup to join the portfolios of VC heavyweights Andreessen Horowitz and Union Square Ventures.
Arik Hesseldahl / Recode:
Sources: Cisco moves three engineers behind the company's “spin-in” R&D strategy to advisory roles  —  The people behind the company's “spin-in” R&D strategy.  —  Three members of a legendary four-person team of engineers at Cisco Systems who spearheaded …
More: INSIDER
Kathleen Chaykowski / Forbes:
Mary Meeker's Internet Trends Report: in 5 years 50%+ of searches will be through images or speech; both global internet adoption and economic growth slowing  —  At 213 slides, Mary Meeker's anticipated annual “Internet Trends” report was a gold mine of data on everything from debt-to-GDP ratios …
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

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This is a Techmeme archive page. It shows how the site appeared at 2:00 PM ET, June 2, 2016.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance

David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers

Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M

More News

Noah Kulwin / Recode:
Bloomberg hires Mark Gurman to cover consumer electronics starting this summer
Colin Lecher / The Verge:
Yahoo publishes three FBI national security letters previously under gag order from 2013 and 2015, making it one of the first companies to do so

Earlier Picks

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
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
Ingrid Lunden / TechCrunch:
Salesforce buys Demandware for $2.8B, taking a big step into e-commerce
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
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