Techmeme
July 24, 2017, 10:20 PM

Top News

Alphabet Investor Relations:
Alphabet Announces Second Quarter 2017 Results  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2017.  —  “With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis …
Miguel Helft / Forbes:
Google CEO Sundar Pichai appointed to Alphabet board of directors as its 13th member  —  Google CEO Sundar Pichai, who has led the company for the past two years, is joining the board of directors of Alphabet, Google's parent company said on Monday.  —  The more represents a vote of confidence …
Terri Cullen / CNBC:
KKR's Internet Brands to acquire WebMD in $2.8B deal, for $66.50 per share, which is a 20% premium to Friday's closing price  —  - Prior to the acquisition WebMD ran a five-month auction and solicited bids from more than 100 companies and private-equity firms.
Jon Russell / TechCrunch:
Grab raises $2B from SoftBank and Didi Chuxing, which says the round could expand by $500M, to help defeat Uber in SE Asia; source: Grab valuation now over $6B  —  Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing …
Samuel Gibbs / The Guardian:
Microsoft Paint, first released with Windows 1.0 in 1985, to be “removed or deprecated” in the Windows 10 Fall Creators Update; Paint 3D to remain  —  Long-standing basic graphics editing program, used throughout childhoods since the 1980s, has been marked for death
Bloomberg:
Microsoft designs new AI chip for next version of HoloLens, which will let mixed reality goggles recognize speech and images on device instead of the cloud  —  New HoloLens processor will let mixed reality goggles recognize speech and images  —  Tech companies are keen …
Christina Farr / CNBC:
Source: Alphabet's medical arm Verily invested in life science startup Freenome in March, built a lab on campus for its team  —  - Verily, part of Google's parent company Alphabet, quietly invested in a life sciences start-up called Freenome and built it a lab to sweeten the deal.
More: 9to5GoogleTweets: @chrissyfarrThanks:@mattrosoff
Chris Kirkham / Wall Street Journal:
Expedia and Priceline boost inventory of home-rental options to challenge Airbnb, with Priceline Group's Booking.com upping vacation rental inventory by 50% YoY  —  Online travel giants are boosting inventory of home-rental options that can be booked similarly to a hotel, with just a few clicks

Sponsor Posts

Microsoft:
How to bring more water to more people?  —  Danish company Grundfos uses Microsoft Azure and IoT to improve efficiency across millions of water pumps and pipes.
eero:
New security features from eero Plus  —  Protect all your connected devices with VPN, 1Password, Malwarebytes, and Ad blocking.
Smartsheet:
How Cisco Makes Better Decisions Faster  —  Cisco found a new way to manage and maintain transparency on program activities and budgets, empowering their team to make the best decisions — and better serve their clients.
Zoho:
Bots on the rise: What chatbots can do for your sales collaboration  —  “That is the real promise of the bots: an army of automated agents, collaborating to work for you, unleashing huge value for consumers and entrepreneurs.”
Worldpay:
2017 Global Payments Report  —  Your ultimate guide to the world of payments in 36 markets.  Visit the microsite and download a free copy of the report.
 

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Paula Dwyer / Bloomberg: