Techmeme
August 4, 2017, 9:25 PM

Top News

Bloomberg:
Sources: Apple plans to release Watch with cellular connectivity this year, with LTE modems supplied by Intel  —  Intel is said to supply modem that works with cell networks  —  Apple plans to begin selling new smartwatch by end of year  —  Apple Inc. is planning to release a version …
Wall Street Journal:
Google is working on Snapchat Discover-like swipeable stories based on AMP format; stories can be surfaced in search results and publishers' own websites  —  ‘Stamp’ media product is based around company's ‘AMP’ mobile web pages  —  Google is developing technology to let publishers create …
Khari Johnson / VentureBeat:
Facebook moves entire translation backend to neural networks, built on Caffe2, to handle 4.5B+ translations per day, says it's seen ~11% increase in accuracy  —  Facebook announced today that it has started using neural network systems to carry out more than 4.5 billion translations …
Jean M. Twenge / The Atlantic:
Peter Rudegeair / Wall Street Journal:
Online lender Prosper Marketplace in talks to raise $50M at $550M valuation; previous raise in 2015 was at a valuation of $1.9B  —  Proposed transaction would put value at $550 million, compared with $1.9 billion in early 2015  —  Prosper Marketplace Inc. is in talks to sell a roughly 10% stake …
Orin Kerr / Washington Post:
A preliminary legal analysis of the six counts in the Kronos indictment shows that the government's theory of the case will lead to significant legal challenges  —  The Justice Department has indicted Marcus Hutchins, a security researcher, for allegedly creating and selling malware.  The Verge explains:
The Guardian:
Pan Yue / China Money Network:
Alibaba's Tmall invests $300M into Chinese fresh produce e-commerce platform Yiguo.com  —  Tmall, Alibaba Group Holding Ltd's business-to-customer e-commerce platform, has invested US$300 million in Yiguo.com, a fresh produce e-commerce platform.  —  With the investment …

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Becky Peterson / Business Insider:

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