Techmeme
September 6, 2016, 9:45 AM

Top News

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 …
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.
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.
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.
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 …
Julie Bort / Business Insider:
Merck's CIO Clark Golestani on working with and incubating tech startups for the pharmaceutial company's IT needs  —  It used to be that the tech world was divided.  —  There were the companies that made the tech products.  And there were the companies that bought the tech products.
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) …

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Devin Leonard / Bloomberg:
Mark Gurman / Bloomberg: