| Bloomberg: |
Tim Cook says Apple is focusing on autonomous systems, which he sees as “the mother of all AI projects” and can be used for developing self-driving cars — For the first time, CEO elaborates on Apple's car plans — The company's automotive program has experienced turmoil| Bloomberg: |
Verizon officially closes the $4.5B Yahoo deal; combined assets form a Verizon unit called Oath led by Tim Armstrong, and Marissa Mayer steps down — Combined assets form Verizon unit called Oath led by Armstrong — Yahoo is renamed Altaba with Thomas McInerney named CEO| 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.| Bloomberg: |
Source: Russia's cyberattack on the US electoral system hit voter databases and software systems in a total of 39 states, twice as many as previously reported — Hackers said to take measure of voting systems, databases — A ‘red phone’ warning to the Kremlin from Obama White House| Katie Benner / New York Times: |
When an Uber employee sells stock back to the company under a repurchase program, Travis Kalanick gets voting rights to all of that employee's shares — SAN FRANCISCO — Travis Kalanick, the chief executive of Uber, already wields plenty of control over the company because it is structured to favor its founders.| 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: |
| Dieter Bohn / The Verge: |
Microsoft Surface Laptop review: balances power and thinness well, has a beautiful touchscreen, but few apps on Windows 10 S, and Alcantara fabric requires care — Windows heir — Finally. It's a word that's famously overused in tech, and it's understandable.| Dan Seifert / The Verge: |
Eero upgrades its mesh router with more power and tri-band WiFi and launches Eero Plus, a $9.99 per month subscription service for parental control and security — A smaller Eero that can hide in more places is also coming — Eero is back: a little over a year after kickstarting … | Emma Lee / TechNode: |
Chinese cloud computing company QingCloud raises about $160M Series D as it prepares for IPO — Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies. But now it is becoming more and more tangible as the market matures.| Todd Bishop / GeekWire: |
Amazon rolling out update to Alexa app that allows users of its voice-calling feature to block specific contacts — Amazon is rolling out an update to its Alexa app that lets users of its voice-calling feature block specific people from calling them using the company's voice-activated assistant.| 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.”| 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.| Kia Kokalitcheva / Axios: |
Sleep monitoring startup Hello, which raised $40M+, to shut down, has laid off most employees and is seeking a buyer for its remaining assets — Hello, a sleep monitor maker that raised over $40 million in venture capital, has laid off most of its employees and is seeking a buyer for its remaining assets, Axios has learned.
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| Blair Hanley Frank / VentureBeat: |
| Frederic Lardinois / TechCrunch: |
| Josh Constine / TechCrunch: |
| Andy Greenberg / Wired: |
| Sarah Perez / TechCrunch: |
| Dieter Bohn / The Verge: |