Techmeme
June 13, 2017, 10:10 AM

Top News

Bloomberg:
Tim Cook says Apple is focusing on autonomous systems, which Apple sees as “the mother of all AI projects”; self-driving cars are one purpose of such systems  —  For the first time, CEO elaborates on Apple's car plans  —  The company's automotive program has experienced turmoil
Bloomberg:
Sources: Emil Michael believes a weak board and lax legal team at Uber, plus his friendship with Travis Kalanick, led to his ouster, not scandals  —  Emil Michael is replaced by David Richter as business head  —  CEO Travis Kalanick may take leave after series of scandals
Eric Newcomer / Bloomberg:
Mike Isaac / New York Times:
Stan Higgins / CoinDesk:
Bancor, a platform for launching blockchain tokens, raises ~$150M in largest-ever ICO  —  An initial coin offering (ICO) for a blockchain project called Bancor has set a new industry record, raising approximately $153m in ether, the native currency on the ethereum blockchain, as part of a crowdsale that concluded today.
Ryan Lawler / TechCrunch:
Online finance startup SoFi has applied for a new-bank charter under the name of SoFi Bank to offer FDIC-insured account and credit-card product  —  In May, SoFi CEO Michael Cagney told TechCrunch the company would be applying for a bank charter “in the next month.”
Andy Greenberg / Wired:
Researchers say Crash Override, which took down Ukraine's power grid, is the only known malware to have attacked physical infrastructure other than Stuxnet  —  AT MIDNIGHT, A week before last Christmas, hackers struck an electric transmission station north of the city of Kiev …
Janko Roettgers / Variety:
Sources: Google hires Manu Gulati, who led Apple's chip development for almost eight years, as Lead SoC Architect  —  Google has hired a veteran chip architect away from Apple and is now looking to build its own chips for future versions of its flagship Pixel phone, Variety has learned from sources familiar with the hire.
Thanks:@jank0

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