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Techmeme
September 6, 2016, 7:55 AM
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Ina Fried / Recode:
Intel is buying Movidius, a startup that makes vision chips for drones and virtual reality  —  It's the latest in a string of acquisitions for the chip giant.  —  Intel announced late Monday that it is buying Movidius, a small chipmaker that makes computer vision processors used in drones …
Nicole Lee / Engadget:
Alcatel's new standalone VR headset, the Vision, has 2 1080x1020 displays, 3 hours of battery, is likely to retail for $500-600, but won't use Daydream platform  —  While Samsung's Gear VR requires a smartphone and full-fledged headsets like the Oculus Rift require a computer, Alcatel's newly announced Vision doesn't need either.
Devin Leonard / Bloomberg:
Inside Amazon's delivery business and its ambitions, which FedEx and UPS privately fear  —  For UPS and FedEx, Amazon's been great for business.  Now it's taking business away from them.  —  Photographs by Jake Stengel for Bloomberg Businessweek  —  Last fall, when he was running for mayor …
Consumer Reports:
Instead of offering to replace units, Samsung should officially recall Note7 via US Consumer Product Safety Commission to ban ongoing sales of pre-recall units  —  Some retailers were still selling the phone Friday  —  Consumer Reports is calling for an official recall …
Financial Times:
Snapchat joins the Bluetooth Special Interest Group, which sets the Bluetooth wireless standard; sources say its AR hardware project has gathered momentum  —  Snapchat has given the strongest hint yet of its ambitions to move from apps into hardware, by joining the industry group that runs the Bluetooth wireless standard.
Ingrid Lunden / TechCrunch:
Softbank has completed its £24B cash acquisition of ARM Holdings  —  One of the biggest tech deals this year — and the biggest ever in the UK — has now closed.  Today, Softbank announced that it has completed its acquisition of ARM Holdings, the semiconductor firm that it saidin July …
Tom Bergin / Reuters:
Legal experts discuss Apple's chances in overturning European Commission's tax ruling in the Court of Justice of the European Union  —  Apple CEO Tim Cook has said he will appeal the European Commission's ruling that his company received an unlawful 13 billion euro ($14.5 billion) …
Gertrude Chavez-Dreyfuss / Reuters:
Study: between Bitcoin's creation in 2009 and March 2015, 33% of all Bitcoin exchanges were hacked, and 48% closed  —  When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency.

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From Mediagazer

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Lucas Manfredi / The Wrap:
WBD reports Q2 revenue down 11% YoY to $8.72B, below $9.21B est., net income down 91%, ad revenue down 22%, content revenue down 26%, streaming revenue up 10%

Jazz Monroe / Pitchfork:
Sources: nearly all staff at music outlets BrooklynVegan, Alternative Press, Revolver, and Goldmine appear to have been laid off by Veeps, owned by Live Nation

More News

Earlier Picks

Mark Gurman / Bloomberg:
What to expect from Apple's Sept. 7 event: new iPhones with pressure-sensitive home buttons, 5.5-inch model with dual-camera system, new Watch with GPS, more
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