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June 13, 2017, 1:15 PM
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Top News

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
Eric Newcomer / Bloomberg:
Travis Kalanick says that he is taking leave from Uber for an undetermined time to deal with family tragedy, in email to employees  —  Travis Kalanick will hand off some duties to COO, chair  —  He plans to take a leave without disclosing return date  —  Uber Technologies Inc. Chief …
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
Eric Newcomer / Bloomberg:
Sources: Uber adds Nestlé executive and Alibaba board member Wan Ling Martello to its board, after Holder probe recommended more independent directors
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
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.
Jacob Kastrenakes / The Verge:
Instagram launches out of beta its Archive feature that hides old posts without deleting them  —  Instagram is releasing its Archive feature to all users today, after testing it with a smaller group of people last month.  —  The feature lets anyone on Instagram hide their old posts without deleting them.
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.
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.”

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From Mediagazer

Oliver Darcy / CNN:
Uri Berliner says he is resigning from NPR as he “cannot work in a newsroom where I am disparaged by a new CEO whose divisive views confirm” NPR's problems

Gene Maddaus / Variety:
A Los Angeles ethics agency fines former CBS CEO Les Moonves $15K for misconduct in obtaining confidential police info about a sexual assault claim against him

Charlotte Tobitt / Press Gazette:
An analysis of the gender pay gap in UK media: 76% of the biggest media organizations increased the proportion of women in their top pay tier from 2022 to 2023

More News

Stan Higgins / CoinDesk:
Bancor, a platform for launching blockchain tokens, raises ~$150M in largest-ever ICO

Earlier Picks

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
Sarah Perez / TechCrunch:
Zelle, the real-time Venmo competitor backed by 30+ US banks, arrives this month embedded in apps of participating banks; standalone app coming later this year
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