Techmeme
October 10, 2017, 11:50 AM

Top News

Ina Fried / Axios:
Nokia says it will stop work on future versions of its Ozo VR camera and cut up to 310 staff, or about 30% of its workforce, in its Nokia Technologies unit  —  In an abrupt about-face, Nokia said Tuesday it will halt work on future versions of its Ozo virtual reality camera and cut …
Andrew J. Hawkins / The Verge:
Nvidia unveils Pegasus computing platform for level 5 fully autonomous cars, delivering over 320 trillion operations per second, over 10 times it's predecessor  —  No steering wheels, no pedals, no mirrors  —  Nvidia, one of the world's best known manufacturers of computer graphics cards …
Alex Kantrowitz / BuzzFeed:
Twitter is working on a bookmarking tool allowing users to save tweets to a dedicated section of the product  —  A “save for later” option is coming to Twitter.  —  The company is working on a bookmarking tool that will allow you to save Tweets and return to them in a dedicated section the product …
Bérénice Magistretti / VentureBeat:
Cloud-based digital payments platform Bill.com raises $100M led by JP Morgan Chase and Temasek  —  Bill.com, a cloud-based payments platform for U.S. businesses, announced today that it has raised an additional $100 million to digitize payments.  JP Morgan Chase and Temasek co-led the round …
Steve Lohr / New York Times:
Zuckerberg-backed Andela raises $40M to train African software developers and connect them with US tech firms  —  When Tolulope Komolafe first heard the pitch, she was skeptical.  A fledgling company in Lagos, Nigeria, would pay her to learn how to write modern computer code and then offer her a good job in the high-tech economy.
Shira Ovide / Bloomberg:
In the last year Google has paid partners, including Apple and Android device manufacturers, $7.2B to be the default search, over 3x what it paid in 2012  —  Traffic acquisition costs raise concern about pressure on margins.  —  There's a $19 billion black box inside Google.
Lora Kolodny / CNBC:
Enterprise tech startup Petuum raises $93M Series B led by SoftBank to help mainstream businesses start using AI  —  - Systems from Petuum help businesses start using AI, even if they don't have the deep tech skills of a Google or Amazon.  —  Enterprise tech start-up Petuum is on a quest …

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