Techmeme
July 25, 2017, 10:00 PM

Top News

Stan Higgins / CoinDesk:
SEC issues investigative report concluding DAO tokens, a digital asset, were securities, and securities law “may apply” to token sales  —  The US Securities and Exchange Commission said today that the offering and sale of digital tokens “are subject to the requirements of the federal securities laws”.
Wall Street Journal:
Trump says Tim Cook has promised Apple will build three “big, beautiful plants” in US, adding they'd be “big, big, big” but no details on timetable or location  —  Apple declined to comment on president's remarks, which didn't include where or when plants would be built
Frederic Lardinois / TechCrunch:
Adobe says it will stop updating and distributing Flash at the end of 2020  —  Adobe today announced that Flash, the once-ubiquitous plugin that allowed you to play your first Justin Bieber video on YouTube and Dolphin Olympics 2 on Kongregate, will be phased out by the end of 2020.
Matt Pressberg / The Wrap:
AT&T beats expectations in Q2 ahead of Time Warner takeover, with $39.8B in revenue, 2.8M wireless net additions, and best-ever 50% margin on wireless  —  Telecom giant's $85 billion deal is expected to close by the end of the year  —  A growing and profitable wireless business helped telecom giant …
Bérénice Magistretti / VentureBeat:
Khosla Ventures leads $50 million investment in Vicarious' AI tech  —  Vicarious, which is working on narrowing the gap between human and artificial intelligence, announced today that it has raised $50 million in a round led by Khosla Ventures.  —  The Union City, California-based startup …
More: FinSMEs
Yossi Matias / Google:
Google adds SOS Alerts in Search and Maps to provide users with information in a crisis  —  In times of crisis, access to timely, actionable information is crucial.  Working alongside trained responders and volunteers on the ground, technology plays a vital role in providing information …
Paul Sawers / VentureBeat:
Giphy launches its GIF Maker tool for mobile browsers  —  Giphy, the online database and search engine for all things GIF, has announced that it's launching its popular GIF Maker tool for mobile web browsers.  —  First introduced for desktop browsers back in 2015, GIF Maker is a fairly simple tool …
Alex Kantrowitz / BuzzFeed:
Companies are increasingly paying Facebook to promote positive press, steering ad dollars away from publishers  —  When the workplace gossip app Blind expanded its product's availability earlier this summer, it got the word out via an age-old tactic: advertising.
Pan Yue / China Money Network:
Beijing-based autonomous driving tech startup Momenta raises $46M Series B led by Sequoia Capital China, others; Daimler AG and Unity Ventures among investors  —  NIO Capital, a private equity fund established by Chinese electric car company NIO, has teamed up with Sequoia Capital China …
Graham Ruddick / The Guardian:
Amazon says it plans to expand its London-based R&D department from 450 to 900 people as part of expansion of UK workforce to 24K staff by end of 2017  —  Company will increase number of workers focusing on Prime Video service in capital from 450 to 900
More: Reuters

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Scott Stein / CNET:
Thuy Ong / The Verge:
Steve Kovach / Business Insider: