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Techmeme
August 17, 2016, 1:25 PM
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Top News

Mark Haranas / CRN:
Sources: Cisco Systems to lay off between 9K and 14K employees, which would be the single largest layoff in its 32-year history  —  Cisco Systems is laying off upward of 14,000 employees, representing nearly 20 percent of the networking giant's global workforce, according to multiple sources close to the company.
Ian King / Bloomberg:
Intel announces licensing agreement with ARM, opening its 10-nanometer production lines to third-parties to make the chips  —  Intel Corp., the world's biggest semiconductor maker, said it's licensing technology from rival ARM Holdings Plc, a move to win more customers for its business that manufactures chips for other companies.
Cherlynn Low / Engadget:
Kobo launches 7.8" waterproof Aura One e-reader for $229, with a colored backlight for better nighttime reading  —  Whether you read before bed, in the bathtub, during your commute or at the beach, Kobo wants to be there for you.  The e-reader maker just released the $229 Aura One …
Ron Amadeo / Ars Technica:
Hands-on with Huawei Honor 8 dual-camera phone with 5.2" full HD display, 8-core Kirin 950 SoC, 4GB RAM, now available for pre-order in the US starting at $399  —  Huawei's second US-bound “Honor” phone brings another budget flagship option to the table.  —  Huawei might not be well known in the US …
Tom Warren / The Verge:
NVIDIA brings desktop GTX 1000 series GPUs to laptops, says they are VR-ready when on AC power  —  Nvidia first tried its hand at putting desktop-class graphics chips inside a notebook last year, with its Maxwell-based GTX 980.  That was a hint at what the US-based technology company was really working on …
Eva Dou / Wall Street Journal:
Tim Cook pledges to increase investment in China, including creating Apple's first research center in the country, meets with China Vice Premier Zhang Gaoli  —  U.S. tech company plans to set up an independent research center in China  —  BEIJING— Apple Inc. Chief Executive Tim Cook …
Lucas Matney / TechCrunch:
Intel shows off a wireless all-in-one virtual reality headset called Project Alloy, with all of its cameras, sensors, and input controls built-in  —  Intel moved full-throttle into the VR space with the announcement of an all-in-one virtual reality headset alongside a new Intel Merged Reality platform at the Intel Developers Forum.
Kurt Wagner / Recode:
Instagram starts showing US users suggested videos from live events in the Explore tab; each user will see events tailored to their tastes  —  The photo sharer is getting into event curation again.  —  Mike Hewitt / Getty Images  —  Instagram really wants to become a video destination.
More: TechCrunch and Engadget
Peter Kafka / Recode:
Univision acquires Gawker Media for $135M; Denton says employees will continue work under new ownership “disentangled from the legal campaign”  —  Sold!  —  Univision has won the auction for Gawker Media.  —  The TV network and digital publisher has agreed to pay $135 million …
Lucas Mearian / Computerworld:
Ford, Baidu each invest $75M in Velodyne LiDAR Inc. that builds 3D-imaging tech for self-driving cars; Ford to double headcount of SV-based research team to 300  —  Ford and China's leading search engine company, Baidu, announced today that they've each invested $75 million in Velodyne LiDAR Inc. …
Johana Bhuiyan / Recode:
Ford plans fleet of fully autonomous cars operating in a riding-hailing service by 2021; CEO says self-driving cars as a service to become main revenue source

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From Mediagazer

Matthew Belloni / Puck:
Sources: David Ellison told execs he will move Paramount out of California if AG Rob Bonta doesn't negotiate a settlement of the WBD antitrust case by October 1

Wall Street Journal:
Ari Emanuel's Mari agrees to buy British theater group ATG Entertainment from PE firm Providence, sources say in a deal valuing ATG at ~£4.5B including debt

Reuters:
RTL reports H1 revenue up 4% YoY to €2.9B and raises its FY revenue forecast to between €7.1B and €7.2B, accounting for the June acquisition of Sky Deutschland

More News

John Biggs / TechCrunch:
Hackers post malware allegedly from NSA-linked Equation Group in online auction; Wikileaks says it will publish the tools; Snowden tweets likely explanations

Earlier Picks

Josh Constine / TechCrunch:
Google's bare-bones FaceTime competitor Duo launches for iOS and Android, won't connect with other communication apps from Google like Hangouts, upcoming Allo
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